IALInternal Audit Leadership
Course Overview
The challenges faced because of COVID-19 have shed further light on the phenomenal role Internal Audit plays in organizations’ overall governance framework and this course is focused on assisting Internal Audit Leadership in navigating these many encounters.
Key Takeaways
Course Outline
This section of the program focuses on how the leadership team needs to develop the internal audit strategy taking into consideration the following:
•Industry
•Organizational Structure
•Systems & Management Information Systems
•Economy
•Organizational Culture
•History
•Risk Management Maturity
•Compliance Maturity
•Anti-Fraud Ownership
•Audit Committee Diversity
•Capabilities of the Internal Audit team
At the end of this section we will address the practical challenges that audit functions face in developing and implementing the Internal Audit Plan enabling a more practical forward looking approach to audit planning.
•Shift focus from traditional internal audit reports to those influencing boardroom decisions
•Understand the critical role of Audit Committee reports in impacting boardroom dynamics
•Learn effective methods for crafting impactful AUCOM reports
•Explore strategies to maintain Audit Committee engagement and support for audit recommendations
•Gain insights into successful methods for keeping the Audit Committee informed and involved
•Understand the unique challenges in auditing governance related to Board oversight and senior management assessment
•Move beyond regulatory compliance to address key governance areas affecting long-term control effectiveness
•Learn effective methods for reporting on essential governance topics
•Discuss differing viewpoints between monitoring functions on role responsibilities
•Explore new perspectives on resolving dilemmas in Internal Audit Leadership practically
•Integrate considerations from Risk Management & Compliance audits with governance audit insights from the previous section
•Offer insights on recent trends affecting the internal audit profession
•Highlight emerging risks that internal audit departments will focus on in 2024 and beyond
•Emphasize the importance of taking care of your internal audit team to ensure reciprocal care
•Discuss the challenges of keeping the team engaged, focused, and passionate about their work
•Explore strategies to address these challenges and keep the team motivated to help clients achieve their objectives
•Identify ten toxic traits detrimental to Internal Audit Leadership
•Discuss each trait and explore strategies to overcome them in your teams
•Explore the inter-personal qualities necessary for effective Internal Audit Leadership
•Address the challenges of meeting conflicting expectations from numerous stakeholders
•Outline the internal audit's limited role in direct fraud identification
•Discuss leadership's role in evaluating the effectiveness of fraud risk assessments
•Examine effective methods for reviewing fraud risk assessment initiatives
•Review triennial internal and quinquennial external audit requirements
•Discuss establishing an effective Quality Assurance and Improvement Program (QAIP)
Who Should Attend?
Audit leaders
Audit supervisors
Audit managers
Senior auditors
Chief audit executives
Related Courses
FAQ
Reviews
- Review:IAMM Internal Audit Maturity ModelIn recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!Dalal KutbiCountry Learning & Development Manager at IKEA Saudi Arabia
- Review:Certified Professional in Quality and Patient SafetyDating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider ‘’LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,Turki S. AlsahaanDir L&D, Talent Management at Mobily, Etihad Etisalat Company
- Review:Certified Professional in Quality and Patient SafetySince the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.Emad AlrajihVP, Business Winning at BAE Systems Saudi Development & Training
- Review:Certified Professional in Quality and Patient SafetyWe have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. LEORON has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,Nasser M. Al-SubaieSr. Program Officer, Enterprise Learning & Human Development at Kuwait Foundation for the Advancemen
