Course Outline:

Module 1: Principles of Internal Auditing

• Role and objectives of internal audit

• Types of audits: compliance, operational, financial, and IT audits

• The International Professional Practices Framework (IPPF)

• Audit ethics and independence

• Case Study: Evaluating internal audit effectiveness in a public agency

Module 2: Internal Control Concepts and Frameworks

• The COSO framework for internal controls

• Components of effective control systems

• Designing and assessing control activities

• Documentation and control testing techniques

• Group Activity (STP Model): Mapping internal control weaknesses across departments

Module 3: Audit Planning and Risk Assessment

• Risk-based audit planning

• Audit universe and risk prioritization

• Developing audit objectives and scope

• Planning audit resources and timelines

• Workshop: Drafting an audit plan for a high-risk process

Module 4: Audit Execution and Reporting

• Conducting audit fieldwork and collecting evidence

• Sampling methods and audit tools

• Writing audit findings and recommendations

• Communicating results to management and the board

• Simulation: Presenting an audit report to a review committee

Module 5: Best Practices and Emerging Trends in Internal Audit

• Using data analytics in internal audits

• Continuous auditing and monitoring

• Integrating ESG and cybersecurity into audit scope

• Benchmarking and performance measurement

• Capstone Project: Design an internal audit improvement roadmap for your organization