Best practice in internal audit has moved forward considerably in the last 20 years. Previous approaches which cantered on auditing transactions have been replaced with systems audit and a risk-based approach designed to ensure that an organization has appropriate controls in place to avoid waste, rather than identifying it post-event. Most importantly, the role of the Head of Internal Audit is changing, to become much more central in providing an annual review of both corporate governance and the financial control environment.

New approaches to management, and computerized and automated processes including the electronic transfer of funds, have increased the challenges for the internal auditor. At the same time, internal audit is increasingly involved in the wider agendas of value for money and Corporate Governance.

This programme looks at the key elements facing internal audit as it is practiced today, with analysis of organisational risks, including those posed by the introduction of information technology.

You will develop a range of audit management skills and prepare robust audit reports that contain strong, well-evidenced conclusions and recommendations for improving effective management of internal controls.