Systems and Internal Audit Control

Program Overview:

This program is designed to generate intensive, in-depth, highly interactive, and practical session to cater for participants’
professional education needs and requirements with emphasis on the best practice methods in modern internal auditing and
control systems.

For whom:
Internal Audit department staff, Internal control staff, financial control staff, Account manager, Admin. Managers, Treasury
department staff in both service and manufacturing industries.

Learning objectives:
At the end of the program, participants will be able to:

■ have an in-depth understanding of the role of internal audit and control systems

■ develop skills for the control functions of their organizations.

■ develop the risk/control matrix needed for organizational survival and growth
■ improve on their understanding with regards to enforcement of ethical standards, auditors’ independence and
professional attitude

■ appreciate the best-practice methods in modern internal auditing and control systems.

Course outline:
Day 1: The internal auditor as the ear and eye of management
_ enthroning a fraud preventive internal control system
■ System documentation process, review, and upgrade

■ Trends and challenges
The role of human psychology in auditing
■ Audit concepts: Auditor’s and Audi tee’s perception
■ Psychological barriers in effective auditing
■ Psychological strategies for enhancing auditing
■ Interpersonal strategies: face to face clarification of issues
– Identification of liars, verbal and non-verbal clues, etc.

Day 2: Computer audit techniques

■ Computer installations control checklist

■ Maintaining the audit trail in a computerized system
■ Control in online and real-time systems

■ Use of computer software in computer auditing (CAATS)

■ Emerging trends and challenges

Day 3: Scientific document examination/ Risk Management

■ Analysis of forged and fraudulent documents

■ Signature verification
■ Fraud prevention and management

■ The role of internal auditor

Training Methodology
Lectures, discussions, exercises, case studies, audio-visual aids will be used to reinforce these teaching/learning