Internal Auditor

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About Course

The Internal Auditor Course at Skill Brook is designed to develop practical skills in internal auditing, risk assessment, internal controls, financial auditing, regulatory compliance, fraud detection, audit planning, and audit reporting. This industry-oriented program provides hands-on training in audit procedures, Advanced Excel, financial analysis, compliance reviews, audit documentation, and real-world case studies, preparing learners for careers in internal auditing, risk management, corporate governance, and financial compliance.

What Will You Learn?

  • Learn practical internal auditing, risk assessment, internal controls, financial auditing, fraud detection, statutory compliance, audit planning, Advanced Excel, audit documentation, and professional audit reporting skills.

Course Content

1: Fundamentals of Internal Auditing
Introduction to Internal Auditing Roles and Responsibilities of an Internal Auditor Internal Audit vs. External Audit Principles and Objectives of Auditing Types of Internal Audits Internal Audit Standards and Professional Ethics Corporate Governance Fundamentals Internal Audit Process and Methodology

2: Accounting & Financial Auditing
Accounting Principles and Concepts Financial Statement Analysis Balance Sheet and Profit & Loss Verification Journal Entries and Ledger Verification Trial Balance and General Ledger Review Bank and Balance Sheet Reconciliation Revenue and Expense Verification Financial Reporting Accuracy and Controls

3: Internal Controls & Risk Management
Introduction to Internal Control Systems COSO Internal Control Framework Risk Identification and Assessment Risk-Based Internal Auditing Control Design and Effectiveness Risk and Control Matrix (RCM) Segregation of Duties (SoD) Internal Control Testing and Evaluation

4: Audit Planning & Execution
Internal Audit Planning Process Audit Scope and Objectives Risk-Based Audit Planning Audit Programs and Checklists Audit Sampling Techniques Audit Evidence Collection Audit Fieldwork and Testing Audit Documentation and Working Papers

5: Operational & Process Auditing
Business Process Understanding Procure-to-Pay (P2P) Audit Order-to-Cash (O2C) Audit Record-to-Report (R2R) Audit Inventory and Fixed Asset Auditing Payroll and HR Process Auditing Vendor and Customer Process Reviews Operational Efficiency and Process Improvement

6: Statutory & Regulatory Compliance Auditing
Introduction to Compliance Auditing GST Compliance Verification TDS and Income Tax Compliance Review Companies Act Compliance Basics PF, ESI and Professional Tax Compliance Statutory Registers and Documentation Regulatory Compliance Checklists Compliance Risk Assessment and Reporting

7: Fraud Risk & Forensic Audit Basics
Introduction to Fraud Risk Management Types of Corporate Fraud Fraud Risk Identification Fraud Red Flags and Warning Indicators Fraud Prevention and Detection Controls Transaction Testing and Verification Forensic Audit Fundamentals Fraud Investigation Documentation Basics

8: Advanced Excel & Data Analytics for Auditors
Advanced Excel Formulas and Functions VLOOKUP, XLOOKUP and SUMIFS Pivot Tables and Pivot Charts Data Cleaning and Validation Duplicate and Exception Identification Transaction Analysis and Audit Sampling Audit Data Reconciliation Audit Dashboards and MIS Reporting

9: Audit Testing & Documentation
Internal Control Testing Procedures Walkthroughs and Process Documentation Test of Design and Operating Effectiveness Substantive Testing Fundamentals Audit Evidence Evaluation Audit Working Paper Preparation Audit Findings and Observation Documentation Audit Quality Review and Documentation Standards

10: Audit Reporting & Communication
Internal Audit Report Structure Audit Observation Drafting Risk Rating and Classification Root Cause Analysis Audit Recommendations and Corrective Actions Management Response Documentation Audit Report Presentation Stakeholder Communication and Reporting

11: Corporate Governance & Audit Follow-Up
Corporate Governance Principles Audit Committee and Management Responsibilities Ethics and Compliance Frameworks Enterprise Risk Management Basics Internal Audit Follow-Up Procedures Corrective Action Tracking Audit Issue Closure and Validation Continuous Monitoring and Improvement

12: Practical Training & Industry Projects
Internal Audit Planning Project Risk and Control Matrix Preparation Procure-to-Pay Audit Case Study Order-to-Cash Audit Simulation Financial Transaction Verification Project GST and TDS Compliance Audit Exercises Fraud Risk Assessment Case Study Excel-Based Audit Data Analysis Internal Audit Report Preparation Final Internal Audit Assessment and Project Review

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