*** Internal Audit Fundamentals:

Session-01: Section A. Foundations of Internal Auditing (35%)

• Describe the Purpose of Internal Auditing according to the Global Internal Audit Standards
• Explain the internal audit mandate and responsibilities of the board and chief audit executive
• Recognize the requirements of an internal audit charter
• Interpret the differences between assurance services and advisory services provided by the internal audit function

Session-02: Section A. Foundations of Internal Auditing (NA)

• Describe the types of assurance services performed by the internal audit function
• Describe the types of advisory services performed by the internal audit function
• Identify situations where the independence of the internal audit function may be impaired
• Recognize the internal audit function’s role in the organization’s risk management process

Session-03: Section B. Ethics and Professionalism (20%)

• Demonstrate integrity
• Assess whether an individual internal auditor has any impairments to objectivity
• Analyze policies that promote objectivity and potential options to mitigate impairments
• Apply the knowledge, skills, and competencies required (whether developed or procured) to fulfill the responsibilities of the internal audit function.
• Demonstrate due professional care.
• Maintain confidentiality and use information appropriately during engagements.

Session-04: Section C. Governance, Risk Management, and Control (30%)

• Describe the concept of organizational governance
• Recognize the impact of organizational culture on the overall control environment and individual engagement risks and controls
• Recognize ethical and compliance-related issues
• Interpret fundamental concepts of risk type
• Interpret fundamental concepts of the risk management process.
• Describe risk management within organizational processes and functions.
• Interpret internal control concepts and types of controls.
• Recognize the importance of the design, effectiveness, and efficiency of internal controls (financial and nonfinancial).

Session-05: Section D. Fraud Risks (15%)

• Describe concepts of fraud risks and types of fraud.
• Determine whether fraud risks require special consideration during an engagement.
• Evaluate the potential for fraud and how the organization detects and manages fraud risks
• Describe controls to prevent and detect fraud.
• Recognize techniques and the internal audit function’s role related to fraud investigation

** Global Internal Audit Standards:

Session-06: The Global Internal Audit Standards. (Phase-01)

• Domain I: Purpose of Internal Auditing
• Domain II: Ethics and Professionalism.
• Principle 1 Demonstrate Integrity
• Principle 1 Demonstrate Integrity
• Principle 3 Demonstrate Competency
• Principle 4 Exercise Due Professional Care
• Principle 5 Maintain Confidentiality.
• Domain III: Governing the Internal Audit Function.
• Principle 6 Authorized by the Board.
• Principle 7 Positioned Independently.
• Principle 8 Overseen by the Board.

Session-07: The Global Internal Audit Standards. (Phase-02)

• Domain IV: Managing the Internal Audit Function
• Principle 9 Plan Strategically
• Principle 10 Manage Resources.
• Principle 11 Communicate Effectively.
• Principle 12 Enhance Quality.

Session-08: The Global Internal Audit Standards. (Phase-03)

• Domain V: Performing Internal Audit Services.
• Principle 13 Plan Engagements Effectively.
• Principle 14 Conduct Engagement Work.
• Principle 15 Communicate Engagement Results and Monitor Action Plans.
• Applying the Global Internal Audit Standards in the Public Sector.