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Internal Audit Basic Training

Corporate Compliance Seminars
Training overview
Length: 24 hours

Internal Audit Basic Training


Internal Audit Basic Training - Three-Day Course Corporate Compliance Seminars

This workshop is not just for auditors or new auditors. It is for anyone who wants an understanding of the relationship between business objectives, risk, control, assessment and reporting.

This comprehensive internal audit training workshop is for anyone who wants to have a strong base of knowledge and understanding of the essential audit and the personal skills to become a successful internal auditor.

We present the "Audit Life Cycle": Discover how audits are planned (based on an assessment of risk); how audits are conducted (fieldwork including interviewing, identifying internal controls, methods of testing, audit sampling, workpaper documentation); how audits are reported (identifying, prioritizing and communicating internal control deficiencies); and how to follow up on audit findings.

Relax and learn through expert instructor presentations, group discussions, role-playing, audit exercises, white-board diagramming and simulations.

This timely, three-day CPE training seminar is designed for the new internal auditor and individuals who have to create effective audit workpapers in performing internal audits and then communicate the results to management.

Upon completion of this course, participants will:

  • Understand how an audit is conducted
  • Know how to identify risks
  • Understand how to evaluate and document internal controls
  • Uncover the best techniques for gathering audit evidence
  • See the importance of preparing workpapers
  • Be able to discuss interpersonal and team-building skills
  • Understand the audit communication process

Who should attend?

This workshop is not just for auditors or new auditors. It is for anyone who wants an understanding of the relationship between business objectives, risk, control, assessment and reporting. With Corporate Compliance Seminars’ small learning group approach, the needs of each attendee are covered.

Training Content

The content of this course is divided into the following sections:

Section 1 - Introduction and Overview
. About Us and About Your Instructor
. Who are You? What are Your Needs?
. Overview of Agenda Tailored to Your Needs

Section 2 - Concepts and Definitions
. What is "Internal Auditing"? What are the Objectives?
. What is "Risk"? Can Risk Be Managed?
. What is "Internal Control" and Why Are Controls So Important?
. Guidance from COSO and COBIT
. Regulatory Requirements from the SEC, PCAOB and Others
. What is the "Audit Life Cycle"?

Section 3 - History Lesson
. Where Did Internal Auditing Start?
. Where is Internal Auditing Today?
. Where is Internal Auditing Going Tomorrow?

Section 4 - Roles of the Audit Team
. Audit Committee Responsibilities
. Director of Internal Audit/ CAE
. Audit Manager
. Audit Senior/ Supervisor
. Audit Staff
. Personality Profile

Section 5 - Internal and External Auditing
. Responsibilities of Management
. Responsibilities of External Auditors
. What is "Materiality"? "Misstatements"?
. Responsibilities of Internal Auditors 

Section 6 - "Selling" Internal Audits"
. What is the "Value Proposition?
. Marketing the Internal Audit Function
. SPIN Selling
. Metrics

Section 7 - Planning the Internal Audits
. Defining Risk - A Deeper Dive
. Assessing Risk in Your Organization
. Defining Your Auditable Units
. CSAs and ICQs
. Prioritization and Selection
. Mapping Resources to the Audit Plan
. Audit Unit Rotation
. Validating Your Audit Plan

Section 8 - Performing the Internal Audits
. Understanding Internal Controls
. Starting the Fieldwork
. Obtaining a Walk-Through
. Defining and Refining the Audit Procedures
. Interviewing Techniques
. Assessing the Segregation of Duties
. Internal Control Testing
. Sampling Techniques
. Using Audit Software
. Documenting Audit Workpapers

Section 9 - Concluding the Audits
. Components of the Report
. Summarizing for the Executives
. Detailing the Findings
. What is the Root Cause?
. Recommendations and CAPs
. Opinions and Ratings
. Report Optimization and Formats
. Effective Communication of Results

Section 10 - Summary and Wrap-Up
. Recap of Internal Audit Basic Training
. Your Keys to Success!


Students will receive 24 Auditing CPE hours at the end of this course.


The cost of this course is $1575 per person.

Provider: Corporate Compliance Seminars

Corporate Compliance Seminars

Corporate Compliance Seminars (CCS) - Auditing, Accounting, Compliance and IT Training

Corporate Compliance Seminars (CCS) is the premier provider of Continuing Professional Education (CPE) seminars. We specialize in auditing, risk management, compliance, internal controls, security, assurance services and other related topics to accounting and IT. We are focused on the needs of our attendees by providing high...

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