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Internal & External Auditor Diploma Course


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Price: 80,000
3 Months
0 Lessons

I&E Auditor Course

Lead Internal & External Auditor Diploma

This comprehensive lead Auditing Training Diploma courses will teach you how to perform an effective, value adding audit in alignment with ISO 19011, Guidelines for auditing management systems.

Designed to cater for an audit of any management system, the courses will provide you with the skills needed to perform audits in any workplace. A comprehensive Skilled Lead Internal/ External Auditor course, which can be arranged with a combination of other management systems disciplines has particular focus on the principles of auditing, importance of planning, the roles and responsibilities of an auditor, how to gather effective audit evidence and report on the audit findings, and the required follow up activities as an auditor.

The Becoming a Skilled Lead Auditor course is ideal for those looking to gain lead auditor qualifications in order to conduct external or third party audits, as well as providing comprehensive coverage of the internal audit process for those looking conduct audits internally within their organisation.


Learning outcomes

At the end of this course the students should be able to:

  • Understand ISO Guidelines for auditing management systems.
  • Demonstrate an understanding of the nature and scope of auditing and related services.
  • Describe and discuss the regulatory framework of auditing and related services.
  • Show understanding and explain the ethical standards of an auditor.
  • Explain the stages of an audit and methods of gathering audit evidence.
  • Show understanding and be able to interpret different types of audit reports.

Unit-01 – Introduction to Auditing 

At the end of this topic the students will be able to:

  • Describe auditing.
  • Distinguish between auditing and accounting.
  • Explain the importance of auditing in reducing information risk.
  • List the causes of information risk and explain how this can be reduced.
  • Describe assurance services and distinguish audit services from assurance services.
  • Differentiate three main types of audits.
  • Identify the primary audits.
  • Business failure, audit failure and audit risk.

Unit-02 Auditors Professional Conduct

At the end of this topic the students will be able to:

  • Explain the need for the auditor to display integrity, independence and objectivity.
  • Explain the importance of ethical conduct for the accounting profession.
  • Describe the purpose and content of the CPA code of professional conduct.
  • Assess the importance and protection of the professional duty of confidence.
  • Describe and apply the rules and procedures when there is a change in professional appointment.
  • Discuss the principles and legal rules applying to books and papers.
  • Describe and apply the procedures surrounding conflicts of interest when giving corporate financial advice.

Unit-03 Planning the audit/Designing audit programs

At the end of this topic the students will be able to:

  • Discuss why adequate audit planning is essential.
  • Identify factors considered by auditors in accepting new clients.
  • Gain an understanding of clients business and industry.
  • Assess client’s business risk.
  • Describe the objectives of audit programs of asset accounts.
  • Perform preliminary analytical procedures.
  • Select the most appropriate analytical procedures from the five major types.
  • Describe the major steps in audit process.
  • Compute common financial ratios.

Unit-04 The legal liability of an auditor

  • Explain the legal environment in which the auditor practices.
  • Use the primary legal concepts and terms concerning accountants’ liability as a basis of studying auditors’ liability.
  • Describe liability of accountants to clients and related defense.
  • Describe liability of accountants to third parties under common law.
  • Specify what constitutes criminal liability.
  • Describe what can be done to reduce auditors’ threat of litigation.

Unit-05  Audit evidence

  • Explain the relationship between evidence and audit risk.
  • Identify and explain the components of audit risk.
  • Specify the factors that determine persuasiveness of audit evidence.
  • Identify and apply the various types of audit evidence.
  • Exhibit clear understanding of the purposes/importance and contents of audit working papers.
  • Prepare audit working papers.

Unit-06 Stages of a modern audit

At the end of this session the students will be able to:

  • Carry out background research of an audit assignment and plan the audit.
  • Explain the process of carrying out accounting systems review.
  • Discuss the process of carrying out an internal control systems and analytical review.
  • Exhibit clear understanding of the process and techniques of audit testing.
  • Explain the contents and process of audit report preparation and signing.

Unit-07 Audit Review and Internal controls

At the end of this session the students will be able to:

  • Describe the three primary objectives of effective internal control.
  • Contrast management and auditors responsibilities for maintaining and reporting on internal controls.
  • Explain components of the COSO internal control framework.
  • Describe differences in evaluating, reporting and testing internal control for private companies.

Unit-08 Audit testing / Auditors Reports
At the end of this session the students will be able to:

  • Describe parts of standard unqualified audit report.
  • Specify the conditions for a standard unqualified report.
  • Describe circumstances for appropriate unqualified report.
  • Identify types of audit reports when an unqualified opinion is not justified.
  • Explain effects of materiality on audit reporting decisions.

Final Examination 


Teaching Methodology 

The course will be conducted by a combination of lectures, online or class room discussions, and case studies. Students are advised to read the relevant materials before class sessions to enhance their class participation and understanding. Students are also advised to solve as many problems at the end of each relevant chapter as will be possible.


Who Should Attend 

Designed to cater to people either just starting out in their auditing career, or wishing to get more out of their internal audits, you should attend if you:

  • Want to become an internal management systems auditor
  • are managers responsible for their management system or management system auditing
  • wish to consolidate their existing knowledge into a formal qualification
  • Prior experience in auditing and management systems is not required.

Prerequisites
There are no prerequisites for this course.


Course Certificate 

Omni Academy (a PECB Partner) diploma will be awarded to successful candidates.


Why Omni Academy 

  • All course work and assessment are conducted and completed during class hours
  • Certificates are issued promptly upon completion of the course
  • Our trainers are certified professionals


Flexible Class Options

  • Week End Classes For Professionals  SAT | SUN
  • Corporate Group Trainings Available
  • Online Classes – Live Virtual Class (L.V.C), Online Training

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KEY FEATURES

Flexible Classes Schedule

Online Classes for out of city / country students

Unlimited Learning - FREE Workshops

FREE Practice Exam

Internships Available

Free Course Recordings Videos

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Internal & External Auditor Diploma, Online Classes Available
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