Fundamentals of Internal Auditing

Audit

Internal Audit

Length: 11h 58m modules icon

Modules: 12 episodes icon

Episodes: 44On DemandEntry Level24 CPE Credits

Course Overview

In this course, participants will learn traditional and operational auditing concepts, gaining proven tools and techniques for performing effective audits. This course provides insights for conducting internal audits effectively from the initial risk assessment through planning, fieldwork, and reporting. It covers key techniques like flowcharting, preparing risk-control matrices, documenting issues, and writing narratives.

Who This Course is For

Internal and IT Auditors looking for a comprehensive understanding of the process of Internal Audit. This foundational course can be used to onboard rotational Internal Auditors and other experienced professionals starting their careers.

Why You Should Take This Course

For users who are new to internal auditing, or would like to learn more about it.

Prerequisites

None

Advanced Preparation

None

Fundamentals of Internal Auditing Overview

Here are the learning objectives we’ll cover

Key Concepts of Internal Auditing
Risk Assessment
Audit Project Planning
Document Controls
Audit Programs
Fieldwork Techniques
Verbal Communications
Workpapers
Audit Findings
Written Communications
Audit Sampling
Reflecting on Internal Audit's Past and Looking Forward

Here are the topics we’ll cover

1. Key Concepts of Internal Auditing
- Definition of Internal Audit
- Fundamental Questions of Internal Audit
- Three Lines Model
- Lifecycle/Steps in the Internal Audit Process
- Identifying Areas to be Audited
- Types of Internal Audits
- Internal Control Frameworks

ACI Learning is registered with NASBA

ACI Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/

Attendance policy for on-demand, self-paced training

Students enrolled in on-demand, self-paced courses are expected to take an active role in their learning by progressing through the course materials in a timely and consistent manner. Because these courses are self-directed, full completion of all modules, videos, labs, and assessments with a passing score of 70 are required to receive credit and any applicable CPEs. Learners are encouraged to set a regular study schedule to stay on track and maximize comprehension. CPE credits will be awarded based on the total course hours and verified completion of all required activities.