Cognicert Auditing and Internal Control Professional

Audits and internal controls help an organisation understand whether its processes address the risks that matter. This five-day course connects risk-based audit planning and evidence gathering with control design, evaluation, reporting and follow-up.

The syllabus covers the COSO Internal Control Framework, organisational risk assessment, regulatory and compliance audits, and the use of technology and data analytics. Workshops and case studies provide practice in audit planning, risk assessment, control design and communicating findings.

The course is aimed at internal and external auditors, compliance and risk professionals, financial and operational managers, quality personnel and consultants. Its focus is broader than board governance alone: participants examine audit and control activities across organisational processes. Existing learning outcomes, reference standards and the detailed programme are listed below.

By the end of this course, participants will:

1. Understand the principles and practices of auditing and internal controls.
2. Learn to assess risks and design appropriate control measures.
3. Develop skills to perform internal and external audits effectively.
4. Gain proficiency in documenting, reporting, and addressing audit findings.
5. Build competence in aligning audit and control processes with organizational goals and regulatory requirements.
6. Understand emerging trends in auditing and internal control, including the use of technology and data analytics.

Participants will be able to:

1. Define the key principles and functions of auditing and internal controls.
2. Develop and implement effective internal control systems.
3. Plan and execute risk-based audits in accordance with international standards.
4. Identify and assess organizational risks and recommend control improvements.
5. Communicate audit findings effectively to stakeholders.
6. Leverage technology and data analytics in auditing and internal control processes.

This course is ideal for:

• Internal and external auditors.
• Compliance officers and risk managers.
• Financial and operational managers.
• Quality assurance and control professionals.
• Consultants involved in audit and control practices.
• Professionals seeking to enhance their knowledge of auditing and internal controls.

The course draws upon:

• ISO 19011:2018 – Guidelines for auditing management systems.
• COSO Framework – Internal Control – Integrated Framework.
• ISO 31000:2018 – Risk management – Guidelines.
• ISO 9001:2015 – Quality management systems – Requirements.
• Sarbanes-Oxley Act (SOX) – Relevant provisions for internal controls and auditing.

1. Foundations of Auditing and Internal Controls
   • Overview of auditing principles and internal control frameworks.
   • Key terminologies and concepts.
2. Planning and Conducting Audits
   • Risk-based audit planning and execution.
   • Evidence collection and evaluation techniques.
   • Audit reporting and follow-up processes.
3. Internal Control Systems
   • Designing and implementing control measures.
   • Components of the COSO Internal Control Framework.
   • Aligning internal controls with organizational objectives.
4. Risk Assessment and Management
   • Identifying and evaluating risks.
   • Developing strategies for risk mitigation.
   • Monitoring and reviewing risk management practices.
5. Regulatory and Compliance Audits
   • Understanding and applying relevant regulatory requirements.
   • Auditing for compliance with standards such as ISO 9001, ISO 31000, and SOX.
6. Emerging Trends in Auditing and Internal Controls
   • Integration of technology and data analytics in audit processes.
   • Cybersecurity auditing and digital risk management.
   • Environmental, social, and governance (ESG) auditing.
7. Case Studies and Practical Applications
   • Real-life examples of audit and control challenges and solutions.
   • Hands-on exercises in risk assessment and control design.

• Interactive Lectures: Comprehensive explanations of key concepts and standards.
• Workshops: Practical exercises in audit planning, execution, and reporting.
• Case Studies: Analysis of successful internal control and audit strategies.
• Simulations: Role-playing scenarios to enhance auditing and risk assessment skills.
• Group Discussions: Collaborative exploration of challenges and solutions in auditing and control.
• Assessments: Quizzes and evaluations to ensure understanding and application of course concepts.

Delivery Options: 

• Self-Study Material, Exam and Certification 
• Online Training, Material, Exam and Certification 
• Classroom Training Location: https://cognicert.com/delivery-partners/

Frequently Asked Questions: https://cognicert.com/faqs/

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