Course in Study and Development of the Internal Audit System

Study and Development of the Internal Audit System is a fundamental pillar for ensuring business sustainability and achieving the highest levels of efficiency and transparency in modern organizations. Internal audit is not merely a control tool that monitors compliance with policies and procedures; it is a strategic mechanism that supports senior management in improving performance and enhancing the reliability of financial and administrative information.

In today’s rapidly changing business environment, with increasing organizational and financial complexities, institutions face significant challenges in managing risks and ensuring compliance with professional standards and legal regulations. This underscores the importance of developing an integrated internal audit system capable of early risk detection, process analysis, and providing effective recommendations that support informed strategic decision-making. This program, offered by Geneva Institute of Business Management, aims to equip participants with a deep understanding of the components of an internal audit system, and to develop their skills in designing and implementing internal control procedures while analyzing organizational performance accurately. The program also focuses on enhancing the ability to prepare precise and professional audit reports that assist management in monitoring performance, achieving organizational objectives, improving corporate governance, and ensuring sustainable institutional success.

Target Group:

• Internal audit staff in various institutions and organizations.

• Department managers in finance and administration seeking to enhance internal control systems.

• Financial and administrative auditors and consultants.

• Risk management and performance monitoring specialists.

• Individuals aiming to develop skills in organizational control and auditing.

Objectives:

• Introduce participants to the principles and importance of internal auditing in modern institutions.

• Enable participants to analyze and evaluate internal control systems effectively.

• Develop participants’ skills in designing comprehensive internal audit procedures.

• Enhance the ability to prepare accurate and professional internal audit reports.

• Strengthen participants’ understanding of the role of internal auditing in risk management and achieving organizational goals.

Course Outline :

• Principles and Fundamentals of Internal Audit

  • Definition and primary objectives of internal audit.

  • Differences between internal control and internal audit.

  • Professional principles underlying internal auditing.

  • Role of internal audit in supporting senior management.

• Structuring the Internal Audit System

  • Components of the internal audit system within organizations.

  • Relationship between audit departments and other divisions.

  • Establishing policies and procedures for internal audit.

  • Organizing tasks and responsibilities to ensure system efficiency.

• Evaluating Internal Control Systems

  • Analyzing strengths and weaknesses of the current control system.

  • Tools and methods for assessing internal controls.

  • Identifying potential risks and their impact on performance.

  • Developing a plan to improve and enhance the internal control system.

• Standards and Guidelines for Internal Audit

  • Understanding national and international internal audit standards.

  • Applying standards to internal audit procedures.

  • Developing organization-specific standards to ensure quality.

  • Monitoring alignment between standards and operational practices.

• Tools and Techniques for Internal Audit

  • Using technology in internal audit processes.

  • Analyzing financial and administrative data to support auditing.

  • Developing models and tools for performance assessment.

  • Leveraging analytical reports for decision-making.

• Risk Management and Its Connection to Internal Audit

  • Identifying different types of risks within the organization.

  • Analyzing risks and evaluating their impact on operations.

  • Linking risk assessment results to audit procedures.

  • Developing effective response plans for identified risks.

• Developing Internal Audit Procedures

  • Establishing clear and well-documented audit procedures.

  • Improving review processes to achieve operational efficiency.

  • Integrating financial and administrative controls into audit processes.

  • Monitoring procedure implementation and ensuring compliance.

• Preparing Internal Audit Reports

  • Elements of an ideal internal audit report.

  • Drafting findings and recommendations clearly and professionally.

  • Presenting reports to senior management in an organized manner.

  • Using reports to support strategic decision-making.

• Developing the Future Internal Audit System

  • Strategies for updating and modernizing the audit system.

  • Keeping pace with organizational and technological changes.

  • Integrating digital analysis tools into the audit system.

  • Promoting innovation in internal control processes.

• The Role of Internal Audit in Enhancing Organizational Performance

  • Supporting the achievement of organizational objectives through internal audit.

  • Improving operational efficiency through continuous monitoring.

  • Enhancing transparency and accountability within the organization.

  • Building an institutional culture based on quality and periodic review.