BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN BEGIN:VEVENT UID:175@x8ti.com DTSTART;TZID=Asia/Kuala_Lumpur:20261026T090000 DTEND;TZID=Asia/Kuala_Lumpur:20261030T130000 DTSTAMP:20260211T151508Z URL:https://x8ti.com/event/internal-audit-standards-scope-and-reporting-3/ SUMMARY:Internal Audit Standards Scope and Reporting DESCRIPTION:Course Overview\nWhat is an audit? \nAn audit is an independen t scrutiny and evaluation of an organization’s accounts\, financial reco rds\, and inventory.  It gives an accurate view of the organization’s s tate of affairs.\n\nThe internal audit evaluates a company’s internal co ntrol and ensures compliance with designated laws\, regulatory standards\, and measures. This helps to attain operational efficiency by identifying lapses and correcting them before they get discovered in an external audit . In addition\, the internal audit ensures the accuracy of the organizatio n’s financial and accounting operations\, which detects and safeguards a gainst potential fraud. Internal audit standards are principle-based and m andatory requirements for the conduction of an external audit.\nWhat is th e scope of internal audit report?\n The scope of an audit report is the s tructure under which the audit process is carried out. The scope may be br oad\, but it should involve topics applicable\, considering the structure and departments of the organization. It covers vital things such as risk m anagement\, fraud audits\, efficiency and effectiveness of operations\, an d compliance of activities and organization projects with laws and regulat ory standards.\n\nThis Xcelerate training course will empower you to becom e a successful and highly competent internal auditor with the required kno wledge and complete skillset.\nCourse Objectives\nThe major goal of this p rogram is to empower professionals with:\n\n Comprehensive understanding of internal audit standards and scope.\n Knowledge of How to set objectiv es for\, plan and perform an internal audit\n The right portfolio of skil ls required to achieve professional success as an internal auditor\n A gl obal mindset and ability to recognize and respond to diverse thinking and learning styles.\n The intellectual ability required to absorb new inform ation constantly\n Flexibility which would enable them to switch prioriti es and projects quickly\, in response to rapidly changing business conditi ons.\n Knowledge of how to build partnerships and manage changes to effec t organizational improvement\n The necessary skills and experience to tra in other professionals on internal auditing.\n The overall skill set and capability to effectively conduct an internal audit for your organization\ , demonstrate potential and increase career growth and progression opportu nities.\n The attributes set required to function effectively and the abi lity to confidently report findings and take corrective action\n\nTraining Methodology\nTraining courses at Xcelerate Training Institute are customi zable as per the training audience. We adequately provide for each batch o f trainees regardless of their academic and professional backgrounds. The training content is thoroughly reviewed from time to time to ensure its co nsistency and adaption with changing trends and new developments. Highly e xperienced and renowned professionals deliver the training from the releva nt domain.\n\nTwo-way participation in the learning process is aided with detailed projects\, group activities\, case studies\, experiential approac hes\, audio-visual presentations for ease of reference\, and many others. This Unique training model conceptualized by Xcelerate Training Institute is called the Do–Review–Learn–Apply Model.\nOrganizational Benefits\ nWith professionals undertaking this course\, their respective organizatio ns will derive the following benefits:\n\n Protection of assets and reduc tion in the possibility of fraud\n Objective insight and Improved efficie ncy and effectiveness of operations\n Ability to quickly detect redundanc ies in operational and control procedures and provide recommendations to i mprove the efficiency and effectiveness of procedures\n Access to an Earl y Warning System which enables deficiencies to be identified and remediate d on a timely basis before external\, regulatory\, or compliance audits\n Effective monitoring of internal control and increased accountability wit hin the organization\n Aid risk assessment process and ensure that the re sponsibility for maintaining a system of internal controls has been fulfil led\n Effective risk assessment\, analysis\, and mitigation through detai led analysis by the trained experts\n Increased credibility resulting fro m adherence to international standards and concepts of auditing\, leading to increased investments and\, ultimately\, growth of the organization.\n Achievement of organizational independence\n\nPersonal Benefits\nProfessi onals undertaking this training course will derive the following benefits: \n\n Comprehensive understanding of internal audit standards\, scope\, an d reports\n The required skillset to build a successful career in auditin g\n Up to date and advanced knowledge of global auditing standards and sc opes\n Capacity to conduct a high internal audit and enhance organization al growth\, thereby achieving career growth as well\n A deep understandin g of internal audit processes and procedures\, especially concerning the I T systems utilized to process high volumes of policyholder/claims data\n Up to date learning system with the most current professional guidance\n Guaranteed access to stakeholders in a company\n Career progression\n Un derstanding of how a business works and improvement of analytic abilities\ n Attainment of leadership skills and improved communication skills\, i ncluding the ability to drive changes\n Learning quick adaptability skill s and knowledge on a broad spectrum of topics\, which will increase your p roficiency\n\nWho Should Attend?\n\n Executives and managers responsible for ensuring the company’s effectiveness and accuracy of financial repor ts\n Organization’s Financial analysts\, accounting officers\, and man ager\n Credit controllers and accounts payable accountants\n Senior mana gers and directors who oversee the company’s operations\n Any other pr ofessional who is interested in acquiring knowledge of internal audit sta ndards\, scope\, and reports\n\nCourse Outline\nThis course entails the fo llowing topics that are essential for becoming a certified internal Audito r:\nIntroduction to internal auditing\n\n Auditing\n Internal versus Ext ernal audits\n Purpose and objective of internal audits\n Regulatory Fra meworks\n\nAuditing standards and underlying concepts\n\n Understanding o f organizational processes and applicable clauses\n Internal audit standa rds\n Scope of an internal audit\n\nAudit planning\n\n Standard preparat ions\n Review of background information\n Development of checklists\n T ime management and sampling\n\nAudit execution\n\n Interviewing technique s\n Collection of evidence\n Dealing with outbursts and confrontations\n Proper note-taking\n\nReporting Audit results\n\n Writing an effective report\n Writing a non-conformance\n Report guidelines and formatting\n Assessment Standards\n\nInternal auditor training cases studies\n\n Shar e case studies of internal audits you have previously carried out\n Use i t to guide discussion and provide notes from your practice experiences as an internal auditor\n Provide samples of internal audit reports\n\nCareer opportunities for internal auditors\n\n Up to date opportunities and fie lds to venture into as an internal auditor\n Other professional certifica tions relevant to course\n Share personal experiences and insights\n\nPra ctical’s and case studies\n\n Conduct Case study I\n Share your compan y’s case studies during the Internal Auditing Course to guide discussion and enhance understanding of how to conduct process audits\n Case study II should be prepared and carried out\n Prepare the audit checklists and materials after receiving the second case study\n Case study III to be pr epared and carried out\n Prepare audit checklists and materials after rec eiving the third case study\n\nMock internal audit\n\n Trainees are to sh ow understanding of all that they have learned.\n Provide the necessary r esources for the mock internal audit\n Emphasize teamwork and active part icipation of every trainee\n Bring other professional internal auditors o n board to assess the mock performance and give valuable insights\n\nPost Audit review\n\n Review auditor’s questions\n Audit trails\n Note tak ing and appropriate documentation\n Review of lessons learned\n\n \; ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2024/09/Scre enshot_20240908-163918_Chrome.jpg CATEGORIES:Audit, Compliance and Governance LOCATION:Kuala Lumpur Training Courses\, Banyan Tree Kuala Lumpur\, Kuala L umpur\, Malaysia\, Malaysia X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Banyan Tree Kuala Lumpur\, Kuala Lumpur\, Malaysia\, Malaysia;X-APPLE-RADIUS=100;X-TITLE=Kuala Lumpur Training Courses:geo:0,0 END:VEVENT BEGIN:VTIMEZONE TZID:Asia/Kuala_Lumpur X-LIC-LOCATION:Asia/Kuala_Lumpur BEGIN:STANDARD DTSTART:20251026T090000 TZOFFSETFROM:+0800 TZOFFSETTO:+0800 TZNAME:+08 END:STANDARD END:VTIMEZONE END:VCALENDAR