Internal Audit Programmes

When business organisations grow in size, whether it is staffing, revenue or operational complexity, the risk of poor decisions, bad judgement and miscalculations or even fraud, increases. In the contemporary context of the separation of ownership from management of the business organisation, it is desirable if not necessary to ensure that work policies, decisions and resource utilisation are all made in the interest of the organisation.

Public companies in many countries are now required by the stock exchanges to have an Internal Audit department while company directors are being made responsible to ensure proper internal controls and risk management within the organisation.

For this purpose of establishing the Internal Audit function, the programme here is designed to provide the participants with a practice framework and approach for implementation.

The sophistication and complexities of modern corporate businesses has increased the incidence of errors, fraud, non-compliance with procedures and malpractices in the use of company financial resources. The regulatory authorities are consistently encouraging the adoption of good practices to safeguard the company’s shareholders and investors, as well as the bankers and creditors of these corporate businesses. The requirement to set up audit committees in public companies and establishment of an internal audit function are currently being implemented in many organisations.
This programme is designed to build the capacity of the staff of the internal audit function to undertake audit tasks and enforce internal control practices to safeguard company resources.