Subject:	“Internal Audit Practice from A to Z”
Date:	Friday, 6 December 2024
Time:	9:00 to 17:00
Venue:	Cleopatra Hotel, Nicosia
Language:	English
CPE Points (Continuous Professional Education):	7 CPEs
Instructors:	Konstantinos Triantafyllidis (CIA, CFSA, CCSA, CFE, CQA)
Outline:	Seminar Outline
Registration Form:	Seminar Participation

Program Overview:

The internal audit function is crucial to an organization’s growth. Objectively evaluating risks, analyzing and assessing processes and systems for efficiencies, doing spot-checks for as-yet-unknown issues, and keeping departments aligned and meeting business objectives are all important ways that Internal Auditors can bring value. Internal auditing examines and assesses company records, workflows, systems, and processes. They analyze company records and financial documents. Through the internal audit function, teams will identify issues like compliance concerns, complete risk assessments, assess the risk of internal or external fraud, and sometimes identify data inaccuracies in financial reporting. The audit team‘s ultimate goal is to be a highly valued business partner to other segments of the organization. Internal auditors use their unique skill sets and knowledge of industry requirements and regulations, internal company policies, and standard procedures to execute various audits and reviews as well as to identify potential issues, potential instances of noncompliance, or other areas of risk to the business. An internal auditor’s role usually includes reviewing processes and procedures, examining financial records, assessing compliance with applicable laws and regulations, evaluating risks and developing recommendations to improve risk management, and internal controls. It is also critical for internal audit to effectively communicate results — being a strong and effective interviewer and communicator is key in the information-gathering phase, as well as the next steps of putting that information together and effectively messaging it out to relevant management teams in a clear and concise manner. Those skills may well be one of the most important aspects of any auditor’s role. Conducting effective internal audits is vital for the health and success of any organization. By following best professional practices, businesses can ensure that their internal audits are thorough, objective, and impactful. Regular internal audits help in maintaining compliance, improving efficiency, and managing risks, ultimately contributing to the organization’s long-term success.

Program Objectives

This course aims to bring clarity to the modern practice of internal auditing and to equip participants to understand a range of techniques for implementing effective internal auditing at all required stages.

Training Style

The program is designed to deliver knowledge and enhance participants’ skills via short lectures, case-studies, practical examples, real-life simulations. Participants will also benefit from feedback and take away the knowledge gained to be transferred to their workplace. Most of the training’s time will be invested in analyzing a real-life case studies that will help participants understand how to run effective Internal Auditing from A to Z.

Target audience

Chief audit executives, audit managers, auditors-in-charge, senior and staff auditors, junior auditors and professionals working in other control functions (Compliance Units, External Auditors, Members of the Board, Audit Committee members, Security Professionals, Risk Management, Line and Senior Managers, Team Leaders, etc.) seeking an opportunity to practice modern Internal Auditing tools and techniques and looking to develop a focused approach and best practices.