This course will walk participants through the internal audit process. Learn the importance of internal controls in an entity, the risk assessment process, performance and internal financial auditing as well as the overall benefits of internal audit practices. Note: This course can be geared to governmental internal audits or general business internal audits.
Course ID: IAPB
Internal Audits – The Process and Benefits
Learning Objectives
Fully understand the importance of an internal audit function and the format and formulation of risk assessment which leads to internal audit determinations
Major Topics
- Overview of the internal audit process and its benefits
- Understanding of the importance of internal controls
- Reviewing the importance of a risk assessment process
- Understanding the difference between performance auditing and financial auditing
Who Should Attend
Auditors who are auditing the basic financial statements;; Finance personnel of a state or local government responsible for financial reporting
Fields of Study
Accounting (Governmental)Prerequisites
None