Professional Internal Auditor

1.1 Introduction to the Course/p>

1.2. Conceptual and methodological basis of finance reporting

1.3 Internal Control and Internal Audit: interaction and delimitation of influence areas

1.4 Interaction of internal control and internal audit services

1.5 Interaction of the internal audit service with external auditors

1.6 Risk-oriented concept of internal audit

2.1 Normative regulation of internal audit

2.2 Types of Audits

2.3 Regulation of the Internal Audit Service Activities

2.4 Internal audit and risk management

2.5 Successful career in internal audit

3.1 Methods and procedures for obtaining audit evidence

3.2 Application of analytical procedures and documentation of audit evidence

3.3 Documentation at stages of audit verification

3.4 Materiality level and audit sampling

3.5 Methodologies for constructing audit samples

4.1 Requirements for the documentation of audit evidence

4.2 Handling Acquired Audit Evidence

4.3 Determining the sufficiency of audit evidence

4.4 Evaluation of audit evidence

4.5 Internal audit of current assets: procedures, evidence collection, reporting

5.1 Audit risk and methods of its assessment

5.2 Assessment of risks in the internal control system

5.3 Risk map. Types. Procedure for formation

5.4 Risk assessment: building a risk map

5.5 Internal audit in risk management

6.1 Audit work program

6.2 Methodology for conducting an audit of fixed assets

6.3 Task execution and reporting by the internal auditor

7.1 Corporate fraud and financial statement fraud

7.2 "Red Flags" of fraud

7.3 Methods for detecting fraud during the audit process

8.1. Module 8 represents an equivalent of the upcoming online exam

1.1. Concept of internal control. General requirements for the internal control system

• Terminology. Regulatory framework
• Objectives and tasks of internal control. Models for сonstructing internal control systems in organizations
• Structure of internal control bodies and their functions

1.2. Business scales and levels of internal control maturity

• Interconnection of organization life cycle stages and internal control development levels
• Components of internal control and their formation at all development stages

1. Regulation of internal audit

• Various models of internal control systems
• Key principles and components of the COSO model
• Risk-oriented model (COSO ERM)
• Process-oriented model
• Other models

2. Methods and approaches to organizing internal control systems

• Principles, processes, and typical issues in organizing ICS
• Entities of internal control: functions, tasks, regulation
• Methods and procedures used in control actions

3. Construction of internal control systems for financial reporting

• Principles and procedures for building internal control systems over the financial reporting preparation process
• Significant business processes: identification and risk assessment, control procedures
• Corporate-level control procedures
• IT controls in the organization
• Formalization and monitoring of the effectiveness of internal control systems
• Reporting by internal control systems over the financial reporting preparation process

3.1. Building an internal control system (ICS) for business processes

• Levels of internal control systems
• Identification and risk assessment at the business process level
• Control procedures for business processes
• Control points in business processes

3.2. Risks and controls

• Classification and risk factors
• Methods of obtaining information for risk analysis and assessment
• Risk assessment and managemen
• Risk map and risk management control procedures

3.3. Evaluation of internal control system (ICS) effectiveness

• Concept of an effective internal control system: criteria, evaluation tools
• Essence and sequence of evaluation
• Evaluation of the effectiveness of internal control system components