ACPM: Internal audit
The internal audit training course program is aimed at studying the theory and practice of applying international internal audit standards, mastering the principles of forecasting and managing company risks, and conducting internal audits. Upon course completion, all students pass an exam and confirm their expertise with an ACPM diploma.
The course is tailored for financial professionals with basic experience, including chief accountants preparing for audits, financial analysts and controllers, financial managers handling operations, financial directors managing risks, and both internal and external auditors seeking to enhance their knowledge and techniques.
Requirements for candidates
Completing the certification program does not require specific education or experience, but basic knowledge of management, economics, and finance will be an advantage.
Terms of study
24
hours
Auditorium hours
56
hours
Hours for self-study
80
hours
Total course duration
Training program
Lessons
Internal control system and internal audit
- Lesson 1. Introduction to the course
- Lesson 2. The essence and place of internal audit in the corporate governance system
- Lesson 3. Internal control and internal audit: interaction and delimitation of spheres of influence
- Lesson 4. Interaction of internal control and internal audit services
- Lesson 5. Interaction of the internal audit service with external auditors
- Lesson 6. Risk-based concept of internal audit
Lessons
Regulation of internal audit
- Lesson 1. Normative regulation of internal audit
- Lesson 2. Types of audit
- Lesson 3. Regulation of the internal audit service
- Lesson 4. Internal audit and risk management
- Lesson 5. Successful career in internal audit
Lessons
Internal auditor's toolkit
- Lesson 1. Methods and procedures for obtaining audit evidence
- Lesson 2. Applying analytical procedures and documenting audit evidence
- Lesson 3. Documentation at the stages of the audit
- Lesson 4. Materiality level and audit sample
- Lesson 5. Methods of building an audit sample
Lessons
.Audit evidence
- Lesson 1. Requirements for the preparation of audit evidence
- Lesson 2. Working with the received audit evidence
- Lesson 3. Determining the sufficiency of audit evidence
- Lesson 4. Evaluation of audit evidence
- Lesson 5. Internal audit of current assets: procedures, collection of evidence, reporting
Lessons
.Identification and management of risks in IAS
- Lesson 1. Audit risk and methods of its assessment
- Lesson 2. Assessment of IAS risks
- Lesson 3. Risk map. Types. The order of formation
- Lesson 4. Risk assessment: building a risk map
- Lesson 5. Internal audit in risk management
Lessons
.Stages of internal audit
- Lesson 1. Audit work program
- Lesson 2. Methodology for conducting an audit of fixed assиии
- Lesson 3. Completion of the task and report of the internal auditor
Lessons
.Fraud
- Lesson 1. Corporate fraud and fraud with financial statements
- Lesson 2. “Red flags of fraud
- Lesson 3. Methods of fraud detection in the audit process
TRAINING FORMAT AND METHODS
Remote learning, recorded video lessons posted on the LMS platform.
Practical classes and analysis of real situations from the industry
Register for a courseSkills after completing the program
Hard skills
- Understanding the basic principles and standards of internal audit.
- Skills to analyze the effectiveness of control procedures and develop recommendations for their improvement.
- Ability to assess the risks of the company's activities and develop measures to minimize them.
- Use of different approaches to obtaining audit evidence, sampling, and data analysis.
- Knowledge of preparing working papers and preparing audit reports.
- Skills in identifying signs of fraud in financial statements and developing countermeasures
- Skills in working with financial indicators and indicators to assess the financial condition of the company.
- Ability to create risk maps and use them in the risk management process.
- Developing a plan of audit procedures, determining the objects and scope of the audit.
- Communication with external audit companies and state regulatory authorities.
Soft skills
- Ability to critically evaluate the information received, identify patterns, and draw reasonable conclusions.
- Effective communication with different levels of management, presentation of audit results, and argumentation of conclusions.
- Ability to objectively assess the situation and make informed decisions under conditions of uncertainty.
- Effective workload management and completion of tasks in a timely manner
Exam and certificate
The official ACPM exam is held monthly on a scheduled basis, online. Pre-registration is required to participate in the exam. The list of required documents and the exam registration form are available in the e-learning system.
The exam consists of 50 test tasks. The exam lasts for 2 hours.
Passing score: 60.
The ACPM International Certificate exam is administered by administrators using a proctoring system (monitoring the student and their computer screens). Completed tasks are checked and evaluated by ACPM-accredited teachers.
Exam results are communicated to candidates by email 2 weeks after the exam. The ACPM International Certificate is sent to the same email address within 2 months of the results announcement in electronic form if the candidate scored 60 or more points.
More about ACPM certificatesPROVIDER INFORMATION
Financial Academy “Aktiv”
Financial Academy Aktiv is a Ukrainian company specializing in financial education and advanced training for financial professionals and top managers. We offer both individual and corporate training. Our academy is an accredited educational partner of international professional organizations ACCA, CIMA, and ACPM. We help specialists not only enhance their practical skills but also prepare for international diploma and certification exams. Additionally, we support the career development of our graduates.
Contacts
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