Skills of Auditing and Internal Control

This DIXONTECH program provides professionals with the technical and analytical skills required to conduct effective audits and design robust internal control systems. The course blends international auditing standards with practical internal control frameworks to enhance risk management, governance, and compliance. Participants will develop the ability to evaluate internal systems, identify weaknesses, and implement effective control improvements to safeguard organizational integrity and performance.

TRAINING TOPICS:

• Fundamentals of Auditing and Internal Control
• Risk Based Audit Planning and Execution
• Internal Control Frameworks (COSO, COBIT)
• Financial, Operational, and Compliance Audits
• Audit Evidence, Testing, and Documentation
• Reporting and Follow-up on Audit Findings
• Fraud Detection and Prevention Controls
• Continuous Auditing and Automation Tools

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO:

•  Conduct audits following international standards
•  Evaluate internal control effectiveness
•  Develop risk-based audit plans
•  Identify weaknesses and recommend improvements
•  Strengthen compliance and governance practices
•  Detect and prevent fraud effectively
•  Use digital tools for internal control monitoring

TRAINING IS TAILORED TO:

•  Internal and external auditors
•  Finance and compliance officers
•  Risk management professionals
•  Accounting and control specialists
•  Audit managers and supervisors
•  Corporate governance professionals
•  Process and quality assurance officers

TRAINING METHODOLOGY:

This course uses interactive lectures, case studies, and hands-on workshops. Participants will apply auditing techniques, perform risk assessments, and design internal control systems aligned with COSO and COBIT models. Practical exercises and real-life scenarios enhance participants’ ability to implement effective audit and control practices.

DAY 1

INTRODUCTION TO AUDITING AND CONTROL CONCEPTS

• Understanding audit principles and objectives
• Types and classifications of audits
• The role of internal control in organizations
• Components of a sound control environment
• Relationship between audit, risk, and governance
• Internal audit function and independence
• International auditing standards overview

DAY 2

RISKBASED AUDITING FRAMEWORK

•  Identifying audit risk and materiality
•  Developing the audit plan and scope
•  Assessing internal controls through risk analysis
•  Sampling and testing methodologies
•  Evaluating control design and implementation
•  Documentation standards and audit evidence
•  Risk matrix and control evaluation tools

DAY 3

INTERNAL CONTROL FRAMEWORKS AND DESIGN

•  COSO Internal Control – Integrated Framework
•  COBIT framework for IT control systems
•  Control objectives and risk responses
•  Designing preventive and detective controls
•  Segregation of duties and approval hierarchies
•  Integrating controls into business processes
•  Control self-assessment and reporting

DAY 4

AUDIT EXECUTION, REPORTING, AND FOLLOWUP

•  Performing audit fieldwork efficiently
•  Gathering, analyzing, and validating evidence
•  Writing audit observations and findings
•  Developing recommendations and action plans
•  Communicating audit results to management
•  Audit follow-up and continuous improvement
•  Quality assurance and peer review in auditing

DAY 5

FRAUD DETECTION, TECHNOLOGY, AND AUTOMATION

•  Detecting and preventing fraud through controls
•  Using data analytics for fraud investigation
•  Auditing in digital and automated environments
•  Applying continuous auditing tools and dashboards
•  Integrating technology in risk-based audits
•  Case study: fraud audit investigation
•  Final workshop: audit report presentation and review