Course Code: FNBN 132
116 Course Visits
Being Internal Audit Agent of Change
Course Sector:
Finance, Accounting and Banking
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Introduction
Training course introducion / brief

With the global changes and disruptions happening in the 21st century business environment, organizations are forced to take a focus on transforming their processes and systems. This remains the same and true for internal auditors as expectations from them have shifted. Not only should they be able to deliver and protect value but they must be able to contribute to enterprise value creation and become “catalysts of change” – agents for transformation.

This training course is designed to help participants understand the imperative for value creation, and assess the shared characteristics of internal audit agents of change. This course will allow participants to evaluate their competencies and recognize strategies to become agents of change who creates value in their respective organizations.

Course Objectives
At the end of the training course, participants will be able to

  • Gain a comprehensive understanding of the evolution of internal audit and the imperative of change.
  • Explore the key next generation auditing principles.
  • Identify the areas where internal audit is lagging.
  • Obtain an understanding of the differences of trusted advisors, change agents, and assurance providers.
  • Understand how change can be enacted and assess how it can be applied in the respective organization.
  • Learn how to leverage technology through solutions that create value

Course Audience
Who is this course for, and can benefit the most
- Executives who have strategic financial oversight of their unit or organization
- Finance-related roles
- Accounting-related roles
- Marketing Managers
- Financial managers
- Affiliate marketing leaders
- Career Enhancers
- Digital Innovators
- Business owner / Entrepreneur
- General / Senior Accountant
- Business Project Manager
- Bank Branch Manager
- Structured Finance Senior Relationship Manager
- Finance Transformation Manager
- Risk Manager
- Investment Analyst
Course Outline
The course aims and learning outcomes

Introduction: A Legacy of Change

  • History of Audit
  • Evolution of Internal Audit
  • Influences of a Dynamic Risk Landscape

 

The Imperative for Change

  • Agents of Change Key Aspects
  • Powerful Voice for Change
  • Agents of Change Among Us
  • Technological advancement in connection: 5G
  • Cybersecurity challenges
  • Data
  • Covid19 Pandemic
  • Black Swan risks

 

Next-gen internal auditing principles:

  • Agility
  • Real-time risks & controls monitoring
  • Dynamic risk assessments
  • Effective leveraging of data & advanced technology

Where Internal Audit is Lagging

  • Outdated Processes
  • Low Technology Adoption
  • Processes Slower than Speed of Risk
  • Mindset Focuses on Protecting Value
  • Resistance to Change
  • Creating, not just Protecting, Value

 

Trusted Advisors vs Change Agents

  • Classic Assurance Providers
  • Trusted Advisors
  • Change Agents

 

Enacting the Change

  • Four areas in need of change
  • Processes
  • Work Products
  • Skillsets
  • Mindsets
  • Driving change means being agile

Leveraging Enabling Technology

  • Technology Solutions that Create Value
  • Change Agents Secret Agents

 

Knowing The Right Stuff as Agents of Change

  • Business Acumen
  • Strategic Acumen
  • Tactical vs Strategic Thinking
  • Building Blocks of Positive Relationship
  • Innovative Mindset

Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Over all rating
Excellent
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Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY

Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).

At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.

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