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Effective Integrated Internal Auditing and Fraud Risk Mitigation

Course Purpose

Whilst the risk management role and responsibilities lies with senior management and its respective functional employees and auditors are not responsible to detect fraud, how can you as Internal Auditors, help them to strengthen and improve their governance and internal controls framework to reduce the risk of fraud?

The increasing level of fraud losses around the globe despite the use of many combinations of the latest tools, technologies and risk mitigation policies and procedures is of growing concern. Based on the international research on Occupational Fraud & Abuse, the typical organization loses 5% of its revenues to fraud each year. Applied to the estimated 2011 Gross World Product, this figure translates to a potential projected global fraud loss of more than $3.5 trillion a year. The Kroll’s Global Fraud Report 2013-14 has highlighted that global fraud is on the rise, as technologies and people are becoming more integrated via many forms of social media and online plus offline processing and work methodologies around the globe.

Who Should Attend this Program

New Internal Auditors, Audit Supervisors, Audit Managers, Head of Internal Audit, Compliance Managers, Risk Managers and IT Auditors who would like to implement and/or enhance their global integrated internal auditing best practices to enable them to effectively support their Audit Committee and key stakeholders.

Key Program Benefits and Points of Difference

  • How to add value in your evolving internal audit role?
  • Why IPPF is a crucial best practice for your role?
  • The benefits of integrated internal auditing
  • Creating a good integrated internal audit plan
  • Effective audit planning principles
  • Audit fieldwork tools and techniques in the IT & non-IT arena
  • Impactful report writing and exit meetings
  • Frisk prevention strategies
  • Influencing and win-win cross-cultural communication skills

This course is the only program that has been designed for the 21st Century GRC & Audit professionals who want to implement practical strategies that would add immense value to their Board and Audit Committee in a diverse and complex cross-cultural business environment.

Key Learning Outcomes 

You’ll learn to:

  • Understand the evolving internal audit culture and global trends and how you can enhance your audit value creation in your stakeholders’ eyes
  • Apply the latest International Practice of Professional Framework (IPPF) in your audit role
  • Use effective and efficient tools and techniques to execute integrated internal auditing strategies that provide a comprehensive risk management framework to support your Audit Committee and key stakeholders
  • Master and implement more effective cross-cultural communication and reporting with your key stakeholders and third parties.

Program Delivery Options and Duration 

  • Classroom based, 1 facilitator
  • 2 days (existing course)

This course would include interactive discussions, workshop exercises, video/audio (where applicable) and role play to engage, educate and empower the delegates in an experiential way.  Supporting slides and workbooks guide participants through the program. Group activities based on case studies will cement learning whilst strengthening existing skills, adding new techniques and improved awareness.

This course is best offered to 10-20 delegates per workshop to ensure that proper focus and support can be provided to all the delegates.

Contact our AusAsia Team now for your calendar booking by ringing us at our Melbourne office +61-3-99824512 or email