Adding Value in Internal Audit

A Professional Training Course On:

Adding Value in Internal Audit

Transforming Internal Audit into a Strategic Catalyst for Enterprise Growth and Governance

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Course Schedule

About This Adding Value in Internal Audit Training Course

Internal audit functions must move well beyond traditional compliance verification to deliver measurable strategic value across the enterprise. Strategic alignment, operational optimization, and proactive risk mitigation are essential for protecting corporate assets while enabling sustainable growth. This course provides audit leaders and senior practitioners with the tools, governance frameworks, and commercial insights required to align audit initiatives directly with C-suite priorities. By refocusing audit activities toward high-impact business drivers, internal audit transitions from a reactive monitoring unit into an indispensable driver of organizational performance.

Adding Value in Internal Audit training course equips professionals to elevate their function into a trusted strategic advisor that enhances operational efficiency and governance. Throughout the learning experience, participants gain actionable approaches for evaluating corporate governance structures, executing Value for Money assessments, and implementing continuous assurance frameworks. The curriculum addresses complex operational challenges, including vendor risk management, digital infrastructure, and enterprise resilience. Ultimately, this course empowers audit leaders to elevate team capabilities, exceed stakeholder expectations, and deliver clear, quantifiable executive insight.

Expected Outcomes

Adding Value in Internal Audit equips participants with the capability to transform traditional audit processes into high-impact strategic reviews.

  • Position the internal audit function as a proactive business partner and catalyst for organisational performance.
  • Evaluate operational efficiency and economy using structured Value for Money methodologies.
  • Implement assurance mapping and continuous audit oversight across critical business units.
  • Conduct comprehensive evaluations of corporate governance, ethical frameworks, and stakeholder engagement.
  • Assess third-party service providers, strategic outsourcing, and vendor risk profiles.
  • Deliver targeted audits on complex areas including digital infrastructure, business continuity, and brand reputation.

This Course is Best For

The Adding Value in Internal Audit training course is designed specifically for established leadership and oversight roles across audit, risk, and governance functions.

  • Heads of Internal Audit
  • Chief Audit Executives
  • Senior Audit Managers
  • Risk and Compliance Directors
  • Quality Assurance Leads
  • Audit Committee Members

Training Method

This training course blends interactive discussions, executive reflection, and practical problem-solving to ensure rapid skills application. Participants analyze realistic organizational scenarios, debate best-practice audit frameworks, and receive expert guidance to refine their strategic audit planning.

Knowledge sharing and peer collaboration are central to the experience, allowing participants to benchmark their internal audit processes against industry standards. Through guided exercises, participants develop tailored strategies to maximize the commercial impact of the Adding Value in Internal Audit training course within their respective organizations.

Course Outline

Day 1:Internal Audit Best Practice
  • Ensure IA is seen as an agent for positive change
  • Meeting the challenges of the new IIA standards
  • The significant changes in the Internal Audit role
  • The need to recognise audit risk
  • Building a world class team
  • Marketing the IA activities
Day 2:The Value for Money (VFM) Approach
  • What is VFM?
  • The Power of VFM auditing
  • The 3 E’s (Efficiency, economy and effectiveness)
  • VFM audit techniques
  • Performance measurement
  • Case Studies
Day 3:Adding Value by Focusing Audit Activities
  • Focusing attention on the activities with potential to add value
  • Auditing Third Party activities
  • Outsourcing reviews
  • Managing the added value audit process
  • Continuous auditing
  • Assurance Mapping
Day 4:Corporate Governance – the Added Value Approach
  • The key aspects of CG
  • Auditing the key aspects of Corporate Governance
  • Developing proactive Audit Committee relationships
  • Auditing Corporate Social Responsibility and Ethics
  • How to understand and exceed stakeholders’ expectations
  • Auditing new areas such as Social Media
Day 5:Auditing the More Complex Added Value Topics
  • Information security
  • Systems under development
  • The web site and external communications
  • IT projects
  • Business Continuity Management
  • Brand and reputation management

Certificate

  • The 360 Leaders Certificate of Completion for delegates who attend and complete the training course

Our Collaboration

Anderson Copex Coventry

Would you like to take this course as a team?

Adding Value in Internal Audit FAQs

It enables audit teams to focus their efforts on high-risk, high-reward areas, ensuring audit recommendations directly improve operational performance, cost efficiency, and strategic governance.  

You will learn frameworks that connect audit findings directly to executive decision-making, stakeholder value, and strategic risk management rather than basic policy adherence.  
Yes, the course provides frameworks adaptable to complex domains such as IT infrastructure projects, information security, third-party vendor ecosystems, and business continuity planning.  
Completing this course helps senior auditors and managers develop the strategic mindset, communication approach, and high-level perspective required to interface effectively with executive boards and audit committees.  
It offers practical guidance on evaluating corporate governance structures, assessing corporate social responsibility initiatives, and auditing corporate culture and ethics.  
Participants gain practical techniques for assurance mapping, continuous auditing implementation, and performance measurement systems that can be immediately deployed within their team's audit planning.  

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