Certified Internal Audit & Control Professional

Internal controls are activities or procedures designed to provide reasonable assurance that operations are “going according to plan.” Without adequate internal controls, management has little assurance that its goals and objectives will be achieved. 

Properly designed and functioning controls reduce the likelihood that significant errors or fraud will occur and remain undetected. 

The course will equip management professionals of non-profit agencies with knowledge and skills to interpret various fraudulent activities and identify appropriate control mechanisms to implement. Learners will also learn about detective and preventive internal controls.

Audit comprises a fundamental component of the recurrent and strategic activities of nearly all professional occupations. 

While a small group of jobs focus exclusively on internal and external audit tasks, the majority of commerce graduates will utilise the principles and practices of risk assessment, internal control, systems evaluation and forensic accountability in their professional lives. 

This course thus aims to provide an introduction to the principles and practices of auditing. In this context, it will also outline and critically examine contemporary audit issues and challenges

Benefits:

1) Articulate knowledge of fundamental audit concepts.
2) Apply critical thinking skills and solve auditing problems through the use of case studies.
3) Demonstrate the use of the Auditing, Assurance and Ethics Handbook.
4) Explain the legal framework under which Australian company audits are conducted and apply the profession's code of conduct.
5) Demonstrate the ability to undertake research on significant auditing issues and to keep up-to-date with developments in auditing theory and practice.
6) Outline the role of auditing in society.
7) Interpret fraud activities at workplaces using fraud triangle
8)  Apply steps for developing integrated internal control systems to promote organisational efficiency
9) Implement effective internal controls at the workplace
10) understand the organisation, planning and control of internal auditing