Essentials of Internal Audit

An Intensive 5-day Training Course

Essentials of Internal Audit

  • Format: Classroom
  • Duration: 5 days
  • Language: English
  • Accredited: CPE, KHDA Certified training courses
Essentials of Internal Audit

The Essentials of Internal Audit is a highly participative EuroMaTech training course that will look at the Internal Controls environment and the roles of the respective stakeholders in monitoring, evaluating and the implementation of internal controls best practices and the impact thereof on external auditors in audit planning, performance and reporting.

The Essentials of Internal Audit training course seeks to provide you with the knowledge to understand the Internal Controls environment and the respective roles and responsibilities of stakeholders. By applying this knowledge you will develop the skill to perform an Internal Controls risk assessment and implement this in your external audit engagement planning and procedures.

Participants will develop the following competencies

  • How to monitor Internal Controls
  • How to evaluate effectiveness of Internal Controls
  • How to perform an Internal Controls risk analysis
  • How to use Internal Controls’ evaluation to formulate external audit procedures
  • Understanding the Internal Controls environment
  • Comprehending the roles and responsibilities of stakeholders
  • Learning techniques to monitor and evaluate Internal Controls
  • Managing risk and how this impacts operational efficiency and effectiveness
  • Appreciating the impact of the controls environment on the external audit
  • Formulating a risk based audit approach


This Essentials of Internal Audit training course is designed for those that have a practical knowledge of audit procedures, who have been involved in their organisation’s audit process or who wish to broaden their professional technical skills. It would suit the following:

  • External auditors who wish to develop their technical skills and compliance
  • Internal auditors who wish to understand their role in the audit process
  • Accountants who wish to understand the scope of the audit and their role
  • Financial executives who wish to gain a better understanding of the regulatory audit environment
  • Any other professional involved in the preparation for the audit process or the conducting of audit procedures
Training methodology

This training course is delivered as a hierarchy of related but separate modules and proceeds in a systematic interactive manner using lectures, lessons learned, practical examples, video materials, case studies, shared participant experiences and practice sessions and assessments. Participants will partake in group activities as well as individual exercises.


This comprehensive Essentials of Internal Audit training course will enable each participant to appreciate and understand the complexities of Internal Control environment and how this influences the scope of a well design audit programme.

Day 1 - Roles and Responsibilities in Internal Control
  • Background to internal controls
  • Corporate governance
  • Roles of:
    • Shareholders
    • Management
    • Board of directors
    • Internal audit committee
    • External auditors
    • Staff
Day 2 - Internal Audit Environment
  • Limitations
  • Objectives of internal audit
  • Internal audit activities
  • Control precision
  • Fraud and internal audit
Day 3 - Internal Controls in Oil and Gas Industry
  • Design and implementation of internal control
    • Use of an appropriate ERP system for processing transactions;
    • Consideration of appropriateness of accounting policies through the Audit Review Papers
  • Internal control operations, documentation and communication of internal control rules
    • Segregation of duties, authorisation limits and independent review
    • Management review of key judgments and estimates
    • Budgetary control, variance analysis and monthly performance reviews
  • Supervision of the internal control system
Day 4 - Internal Controls and the External Audit
  • Risk analysis summary
  • Controls risk assessment
  • Fraud risk assessment
  • Control activities design and implementation
  • System description
  • Controls over significant risk
Day 5 - Risk Management and Risk Based Audit- Oil and Gas Industry
  • Risk based audit standards and engagement objectives
  • Development of risk based audit programme & defining procedures
  • Risk based audit planning and matrix
  • Risk management & control environment

    Do you have any questions about this course?



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    EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

    Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.

    The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE.  We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.

    Taught by our team of highly qualified trainers, our KHDA approved training courses will provide you with an enriching learning experience and practical knowledge that will help you future-proof your career and support professional development within your organisation.

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