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Internal Audit

The following Neverest Internal Audit courses are offered in-house at your office or a designated off-site location at dates convenient for your team. Click below for course descriptions:

Audit Fundamentals


Boards of directors, audit committees and management have constantly rising expectations of internal auditors. Once a best practice, now a necessity, risk based auditing is critical to effectively and efficiently deliver on ever-increasing audit mandates. Enhance your understanding of risk-based auditing and uncover proven techniques for success.

This course begins with an overview of the internal audit profession; it then focuses on the essential tools and techniques of internal auditing. It sets out an approach for identifying and assessing risks and for identifying controls to mitigate those risks appropriately. It describes how to design and execute relevant audit programs. It presents best practices for preparing audit working papers. It shares best practices for reporting, including gaining client acceptance of audit findings and recommendations.

Audit Management


Managing an audit engagement successfully is a challenge. It depends in large measure on how well the person managing the audit understands and applies project management techniques. When the right techniques are properly applied, they help achieve an audit that is effective and efficient and truly adds value. Besides strengthening the organization, such results enhance the internal audit function’s stature in the mind of management and other stakeholders.

This course explains project management techniques and shows how they apply to managing an audit. It sets out techniques for defining an audit’s objectives and scope. It addresses how to plan an audit. It examines key aspects of executing an audit, including the supervising of audit staff, the documenting of audit work, the recording of audit findings, and the drafting of audit reports. Finally, it outlines steps for concluding – and learning from – an audit.

Risks, Controls & Process Mapping


Every organization is faced by risk. Risk can harm the organization; and also provide opportunities from which the organization could benefit. The challenge for internal auditors is to provide an objective and independent opinion as to whether a suitable system of internal control is in place to mitigate the risks appropriately within the organization’s overall risk environment.

This workshop explores risk. It presents approaches for identifying individual risks. It explains risk and control matrices and demonstrates how to appropriately document inherent and residual risk assessments. In conjunction with risk, this workshop also explores internal control. It explores different types of controls. It discusses the limitation of controls as regards the mitigation of risks. It explains the COSO Internal Control Framework and demonstrates how the Framework can assist in identifying controls to mitigate risks appropriately in computerized and non-computerized environments. As it relates to risk and control, revisit approaches to process mapping and obtain tips for improved effectiveness and efficiency.

Quality Control & Quality Assurance Reviews


The key role of an internal audit function is to add value by improving the overall operations of the organization it audits. To fulfill this role, the function must continually strive for excellence in all that it does. These facts are reflected in the Professional Practices Framework of the Institute of Internal Auditors. The Framework requires that internal audit functions have in place quality assurance programs that provide for both internal and external assessments of the functions.

This course outlines the required elements of a Quality Assurance and Improvement Program and offers guidance for developing and maintaining such a program. It examines techniques for designing and carrying out on-going and periodic internal reviews. It explains different approaches by which internal audit functions can meet the requirement that they undergo periodic external assessments. It presents tips to help internal audit functions show that they are in full compliance with the Standards for the Professional Practice of Internal Auditing.


½ DAY – 3.5 PD HOURS

Sampling is part of most audits. Sampling results may significantly affect the conclusions and opinions arising from those audits. Accordingly, it is imperative that auditors know the theoretical basis and the practical limitations of sampling. They must be able to apply appropriate sampling methods correctly in diverse situations. And they must be able to draw sound and defensible conclusions from the results of their sampling.

This course explains sampling’s place in auditing. It details the steps associated with planning, selecting and executing a sample. It explains how to evaluate and draw conclusions from sampling results. Using various case studies to analyze and discuss, it also demonstrates approaches for documenting all steps in the sampling process.

Interviewing Techniques

½ DAY – 3.5 PD HOURS

Auditors who understand and follow good interviewing techniques typically obtain more information and better information … more quickly. Translate these skills into obtaining stronger audit evidence and a more effective and more efficient audit.

This course explores the role of interviewing as an essential audit tool for gathering information, especially audit evidence, as part of planning an audit, performing fieldwork, and reporting an audit’s results. It revisits the basic principles of successful interviewing while demonstrating techniques for improved performance. It provides techniques for interviews carried out in-person or remotely by video-conference or other means. It offers tips for dealing successfully with potentially difficult situations and interviewees that auditors occasionally encounter.

Writing Techniques


To be truly effective in their roles, internal auditors, as change agents, must be effective communicators. A key aspect to this is the auditor’s ability to write in a style that is easy to read, clear and fosters acceptance and appreciation for their audit reports.

This course revisits the importance of effective writing and provides participants the opportunity to analyze and critique writing samples. It reviews key principles that apply to all writing, including audit reports, memos and emails. It introduces a structure for writing risk statements to ensure they are comprehensive and complete. It highlights techniques the auditor uses to uncover potential audit issues, and gives participants the opportunity to practice writing effective audit findings. 


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