Internal Audit 101 - Building the Internal Audit Function  

Upon successful completion of this course, the user should be able to:

• identify the history of Audit and the purpose of the Institute of Internal Auditors, basic building blocks of the Internal Audit Function, purpose and basic elements of the Internal Audit Charter, value proposition of the Internal Audit Function, and key stakeholders,

• explain the role of the Chief Audit Executive,

• determine the role of internal audit, difference between internal auditors and external auditors, relevant internal audit competencies when staffing the internal audit function, available sourcing options, and risk assessment process,

• discuss the benefits of dynamic audit planning, and

• recognize the importance of Internal Audit Technologies that improve the efficiency as well as quality and standards of the audit process.