Developing, Improving, & Monitoring the Internal Audit Function & COSO Internal Control Framework

Course Category : Conference

An advanced programme focused on strengthening internal audit effectiveness through COSO-based internal control, governance, and assurance practices.
Duration: 5 Days | Level: Advanced

Introduction

Within increasingly complex regulatory and governance environments, the internal audit function has become a strategic mechanism for strengthening assurance, risk oversight, and organisational accountability. Its role now extends beyond traditional inspection to providing independent insight, advisory value, and structured evaluation of internal controls. This course examines how to develop, improve, and monitor the internal audit function while applying the COSO Internal Control Framework to assess the control environment, evaluate risks, design effective control activities, strengthen reporting, and support continuous improvement.

Targeted Audience

Internal Audit Directors and Managers
Internal Auditors and Future Audit Leaders
Governance, Risk, and Compliance Professionals
Internal Control Managers
Audit Committee Members
Finance and Operations Managers
Quality and Organisational Improvement Officers

Targeted Skills

Developing the internal audit function according to recognised practices
Evaluating internal control effectiveness using COSO
Designing risk-based audit plans
Monitoring internal audit performance quality
Improving reporting and recommendation follow-up
Supporting governance and organisational accountability

Expected Outcomes

Understand the strategic role of the internal audit function within organisations.
Apply COSO components in internal control evaluation.
Prepare risk-based audit plans aligned with organisational priorities.
Analyse the quality and effectiveness of internal audit activities.
Improve audit reporting and recommendation follow-up.
Establish continuous monitoring mechanisms for internal audit performance.

Training Topics Index

Evolution and modern roles of internal audit
Independence and objectivity within the organisational structure
Internal audit relationship with governance and risk management
Role of the audit committee and executive management

Designing the internal audit charter and scope
Building a consistent and measurable audit methodology
Planning resources and professional competencies
Improving internal audit processes

Control environment and organisational compliance culture
Risk assessment linked to organisational objectives
Control activities and corrective actions
Information, communication, and ongoing monitoring

Defining the audit universe and assessing priorities
Preparing the annual internal audit plan
Conducting audit engagements and collecting evidence
Documenting findings and drafting observations

Internal audit performance indicators
Quality assurance and improvement programmes
Audit reporting and recommendation follow-up
Building a continuous improvement culture

Course Features

Updated and Interactive Content
Hypothetical Examples and Case Studies
Pre- and Post-assessments to Measure Impact
Verified Certificate with a QR Verification Code