Internal Audit
Question
I am starting my work as an auditor. I have read the standards, but I would like to find out about the practical aspects of this job.
Solution
A 6-day course preparing participants for work as internal auditors in a private company as well as in a public finance sector.
Course benefits
After the course the participants will be able to:
► Identify and assess existing processes in an organisation
► Document the processes in an organisation
► Design an internal control system and identify the types of risk
► Prepare and present an internal audit report Start:
21 OctoberPlace: Warszawa
Start:
May 2014Place: Wrocław
Price
5300 zl net 4950 zl netClient Reletion Officer
► w Warszawie Aleksandra Krempin tel. +48 22 579 8263
► w Poznaniu Katarzyna Pudelska tel. +48 61 856 2900
EY Academy of Business [email protected]
al. Armii Ludowej 26 Tel. + 48 22 579 8000 00-609 Warszawa Fax + 48 22 579 8001
► we Wrocławiu Beata Kaputa tel. +48 71 375 1006 [email protected]
Course objectives
► To understand the rules of effective internal audit procedures
► To understand the role and objectives of internal audit in an organisation
► To discuss the practical implementation of internal audit procedures
► To present possible applications of the internal auditors’ work
Who is it for?
The course is designed mainly for the employees of the internal audit departments who would like to familiarize themselves with the audit function as well as for all interested in internal audit who would like to broaden their knowledge in this area.
Course structure
This is a 6-day course encompassing lectures, question and answer sessions, practical exercises and
examples. The participants receive materials containing both a theoretical and a practical part. The theoretical part is a summary of key internal audit issues. The practical part consists of questions and answers.
It is possible to contact the trainer by e-mail in case of any problems or questions.
The course is concluded with an exam the results of which entitle the participants to receive the EY Academy of Business Diploma.
The course takes place from 9 am until 5 pm. There are two coffee breaks and an hour lunch break.
Course programme
Day 1
► Introduction: development of internal audit, audit scope, types of audit
► Internal auditor as a consultant – Internal audit function in the management process
► Corporate governance
► Independence. Professional ethics
► Internal Audit Standards
► Audit engagement – overview of stages of the audit
► Planning: long term and annual planes, audit program
► Internal control system
Day 2
► Materiality level
► Preliminary review
► Risk: types of risk, risk factors, risk analyses and evaluation
► Evaluation of risk – case study
► Identification of process
► Documentation of process
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Notes
§
Questionnaires
§
Checklists
§
Flowcharts
Day 3
► Documentation and evaluation of the process – case study
► Walkthrough tests
► Audit tests – types of tests. Advantages and disadvantages of the tests
► Audit program
Day 4
► Audit evidence – types, characteristic:
§
Analytical procedures
§
Documents
§
Observation
§
Statements
► Preparation of audit documentation – rules and organization of audit files.
► Tests of control and substantive tests – case study. Assessment of audit evidence
Day 5
► Audit report:
§
Objectives, timeliness, elements of the report
§
Types of report
► Follow up: Scope, procedures
► Case study – assessments of the system The following will be required: (1) preparation of system documentation, (2) analysis of risk and identification of controls, (3) identification of weakness in the system, (4) preparation of audit program, (5) preparation of extract from the audit report
Day 6
► Fraud
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Basic types of fraud
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Risk factors
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Red flags
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Controls
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Fraud engagement procedures
► Managing the audit department
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Responsibilities
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Internal procedures
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Audit manual
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Resources: job descriptions, recruitment, training, appraisal
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Quality assurance
§
Summary Exam – an additional day
The exam will cover the topics discussed during the course. The condition for obtaining the diploma is passing the exam with a mark of at least 50%.
Course locations and dates
The courses take place in Warsaw and Wrocław (6-day programme)
Warszawa Wrocław
Module 1 21-23 October 2013 (3 days)
May - June 2014 Module 2 13-15 November 2013 (3 days)
Exam TBA TBA
Price
We offer courses at promotional prices!
Warszawa/Wrocław 6-day programme
Standard price* 5300 zł + 23% VAT
Promotional price** 4950 zł + 23% VAT
*The course price includes materials, coffee breaks and lunches.
**The promotional price covers materials, coffee breaks and lunches.
Payment should be made before the start of the course based on a pro-forma invoice. After the payment is received a VAT invoice will be issued to all participants.
Application
If you would like to participate in the course, please fill in the application form and send it by fax: +48 22 579 80 01
Our recommendations
Our courses fulfill the requirements of the international professional organisations such as ACCA, IIA, relating to
continuing professional development of their members (CPD). In order to broaden the acquired knowledge we offer some complementary courses:
· CIA and CGAP – training course preparing to acquire international professional qualifications.
· Value for money audit – a two-day course whose purpose is to understand connections between a value for money audit and efficiency management. The participants will learn how to plan and design a value for money audit.
· Process analysis for internal auditors – a two-day course which will develop participants’ skills in how to properly describe a business process and to explain how such processes function.
· Risk management – a two-day course designed for managers and employees interested in risk analysis in an organization as well as for all those interested in risk management.
· Effective communication as a tool for building auditor’s authority – a two-day course perfecting the skills of effective communication in an organization.
Additionally we recommend the following courses to improve competencies in the area of internal control:
· Finance for non-financial managers – a series of courses presenting the practical aspects of corporate finance for those using financial data on a regular basis but do not possess thorough financial education.
· Law for managers or what a manager should know before he calls a lawyer/attorney – a series of four one- day courses aimed at broadening knowledge about the functioning of an enterprise. The participants will learn the practical aspects of law facilitating their business and private lives.
If you would like to receive more detailed information, please call 22 579 8000 or e-mail us at:
Information about the full range of our courses is available on our website at: www.academyofbusiness.pl
Application form
Please complete this form and return by fax to: +48 22 579 8001.
All information concerning the programme will be sent by e-mail to the address indicated.
Name and Surname
Job title
Correspondence address (preferably company address) Tel. no:
e-mail:
Address for invoicing incl. NIP
I learned about the programme from
o the press o e-mail o offer sent to the company
o website o other source ………
I confirm my participation in “Internal audit” training course:
o Warszawa
October - November 2013
o Wrocław May - June 2014
Terms & conditions of taking part in Ernst & Young Academy of Business sp. z o.o.: courses:
• A week prior to the course you will receive a pro-forma invoice – a requirement for membership is to fax a copy of the payment. Payment must be made by bank transfer to HSBC Bank Poland, account number (PLN): 61 1280 0003 0000 0031 1251 3031. After payment has been made, you will receive a VAT invoice.
• The cancelation of participation in the course does not result in refund of the payment. However, it is possible to replace the participant unable to attend.
• Please note that absence at the course training does not provide a basis for reimbursement for training.
• Ernst & Young Academy of Business sp. z o.o. reserves the right to cancel or reschedule the training.
• In accordance with art. Paragraph 10. 2 of the Act of 18 July 2002 on electronic services (Journal of Laws No. 144, item. 1204), I agree to receive information from Ernst & Young Academy of Business sp. z o.o., by email to the above given e-mail, information regarding the course as well as information about other training products. I also agree to the processing of my personal data for purposes of obtaining information from Ernst &
Young Academy of Business sp. z o.o. al. Armii Ludowej 26, 00-609 Warsaw (according to the Law of 29.08.1997. Data Protection, Coll. Laws of 2002 No. 101, item. 926, as amended). At the same time I declare that I have been informed of my right to appeal an approval, which will result in the immediate termination of the sending of commercial information.
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