Course Outline:

Module 1: Introduction to Internal Auditing

• Purpose and scope of internal audit

• Key auditing concepts and terminology

• Governance, risk, and control relationships

• Professional ethics and the role of the auditor

• Case Study (STP Model): Understanding the internal auditor’s role in different sectors

Module 2: Internal Control and Risk Management

• Fundamentals of internal controls

• Risk management principles and frameworks

• Identifying, assessing, and prioritizing risks

• Control design and effectiveness evaluation

• Group Activity: Map risk areas in a sample business unit

Module 3: Audit Planning and Methodologies

• Audit lifecycle: planning, execution, reporting, follow-up

• Developing an audit plan and scope

• Gathering background information and understanding the process

• Audit checklist creation

• Workshop: Drafting a risk-based audit plan

Module 4: Conducting the Audit

• Fieldwork techniques and evidence collection

• Interviewing techniques and sampling methods

• Use of documentation and working papers

• Identifying audit findings

• Simulation: Performing an audit walkthrough and noting control gaps

Module 5: Reporting and Follow-Up

• Writing clear and actionable audit reports

• Communicating with management and the board

• Recommendations and audit follow-up process

• Monitoring audit implementation progress

• Capstone Project: Prepare and present a full audit report for peer review