This course provides an overview of the considerations with respect to building an internal audit function, including an overview of the internal audit function and the specific steps an organization should follow when building an internal audit function. It also includes a discussion of the respective standards internal auditors are required to follow as well as the code of ethics, both of which are prescribed by the Institute of Internal Auditors. The course concludes with a discussion of the considerations around internal audit’s involvement in an organization’s enterprise-wide risk management (ERM).
Upon completion of this course, you will be able to: Identify the key steps involved in establishing an internal audit function; Recognize the components of an internal audit charter; Differentiate between the procedures performed by internal and external auditors; Recognize the components of the IIA’s Code of Ethics; Identify the key considerations with respect to internal audit’s involvement in an organization’s ERM
Basic understanding of internal auditing requirements