Certificate in Modern Internal Audit Practices (CMIAP)

The Internal Audit department plays a crucial role in serving the organization with a range of essential functions. These encompass activities such as evaluating internal controls, enhancing operational efficiency, uncovering and preventing fraudulent activities, ensuring adherence to organizational policies and procedures, as well as compliance with government laws and regulations.

The establishment of a robust and well-equipped Internal Audit function represents a pivotal milestone in an organization's growth trajectory. However, realizing the full potential of the audit function requires adopting an open-minded approach that embraces soft skills, fosters teamwork, leverages data analysis, promotes fraud prevention, and encourages agile and flexible thinking. Only by embracing these principles can the audit function truly contribute value to the organization.

This course addresses these critical elements and guides participants in transforming their audit function from a traditional reporting function into becoming strategic partners with other stakeholders, thereby becoming an integral and indispensable component of the organization.

This course is based on open discussions, question and answer sessions, group exercises, activities, videos, case studies and presentations based on best practices, case studies and core principles.

By the end of the course, participants will be able to:

• Differentiate between modern and traditional audit practices
• Develop methods to promote the internal audit function
• Build a flexible internal audit plan
• Lean on anti-fraud detection and prevention techniques and incorporate them into the audit programs
• Formulate horizontal audit methodologies to assess a specific process, ensuring a more thorough and comprehensive audit scope and coverage

This course is suitable for anyone within the Internal Audit function, including, but not limited to, Internal Auditors, internal controllers, risk officers, external auditors and compliance officers from all levels.

• Analytical skills
• Risk assessment
• Communication skills
• Writing skills
• Critical thinking