An effective internal audit (IA) function is a valuable resource for management, the board and audit committee to evaluate the performance of GRC practices; due to its understanding of the organization and its culture, operations, and risk profile. The objectivity, skills, and knowledge of competent internal auditors can contribute to the effectiveness of an organization's internal control, risk management, and related governance processes.
An internal audit of a compliance and ethics program will assist in improving the governance practices of your organization.
Areas Covered in the seminar:
- Audit scope
- Audit Objective
- General audit steps
- Audit approach
- Managing the complete audit lifecycle including risk assessment, audit planning and scheduling
- What auditors like to see
- Development of audit reports and recommendations
- Review of audit recommendations by auditees and management and implementation of audit recommendations and remediation
- Integration of the audit process with the risk and compliance management system
