About Adding Value in Internal Audit
This course helps internal audit professionals shift their function from a purely compliance-focused activity into a genuine catalyst for positive organisational change. It covers everything from internal audit best practice and the new IIA standards through to Value for Money auditing, corporate governance, and complex specialist audit areas.
You'll start with internal audit best practice and how to position audit as an agent for change, then move into the Value for Money approach using the three Es framework of efficiency, economy, and effectiveness. From there, the course covers focusing audit activity for maximum value, including third-party and outsourcing reviews and continuous auditing, followed by auditing corporate governance through an added-value lens, and finishing with complex specialist areas like information security, IT projects, and business continuity.
By the end, you'll have a complete framework for focusing your audit activity where it creates the most genuine impact.
Expected Outcomes
The course is structured around five stages — from best practice fundamentals through to complex specialist audit topics — so each skill connects directly to real audit impact. By the end, you'll be able to:
- Position internal audit as an agent for change and build a world-class audit team
- Apply Value for Money auditing using the three Es: efficiency, economy, and effectiveness
- Focus audit activity on the areas with the most potential to add value
- Apply structured audit approaches to third-party relationships and outsourcing
- Implement continuous auditing and assurance mapping techniques
- Audit corporate governance, CSR, ethics, and stakeholder expectations effectively
- Apply audit techniques to complex areas including information security, IT projects, and business continuity
Training Method
The course begins with internal audit best practice, covering the new IIA standards and how to position audit as a genuine agent for change. It then moves into the Value for Money approach, applying the three Es framework through structured exercises and case studies.
From there, you'll focus on directing audit activity toward high-value areas, including third-party and outsourcing reviews, continuous auditing, and assurance mapping. The course continues with corporate governance auditing, covering CSR, ethics, and stakeholder expectations, before closing with complex added-value topics including information security, IT projects, and business continuity management. Throughout, you'll work through instructor-led sessions, applied VFM technique exercises, case study analysis, and specialist workshops, so you leave with a complete added-value audit capability.
