Testing Assurance Controls - Online Classroom

Our Testing Assurance Controls program is tailored for internal auditors seeking to enhance their expertise in evaluating and validating assurance controls within organisational processes. This program offers a comprehensive exploration of testing methodologies, strategies, and practical applications to ensure robust internal controls.

Learning Outcomes:

At the end of the training, the participants should be able to:

• Demonstrate enhanced proficiency in testing assurance controls.
• Attain practical insights into designing effective testing strategies.
• Understand application of risk-based testing methodologies.

Topics Covered:

Introduction to Assurance Controls

• Understanding the significance of assurance controls in internal auditing.
• Overview of regulatory frameworks and industry standards.
• Importance of assurance control testing in risk mitigation.

Fundamental Concepts in Testing Assurance Controls

• Defining key terms and concepts related to assurance control testing.
• Differentiating between preventive and detective controls.
• Exploring the role of internal controls in financial and operational processes.

Testing Methodologies

• Overview of testing methodologies and their applicability.
• Practical approaches to designing and executing effective tests.
• Case studies illustrating successful assurance control testing strategies.

Risk-Based Testing

• Introduction to risk-based testing principles.
• Identifying high-risk areas and focusing testing efforts accordingly.
• Implementing risk assessment techniques for targeted assurance control testing.

Case Studies and Practical Exercises

• Real-world case studies illustrating various testing scenarios.
• Hands-on exercises to reinforce learning and practical application.
• Group discussions to share experiences and insights.

Continuous Improvement

• Establishing a framework for continuous improvement in assurance control testing.
• Feedback loops and post-implementation reviews.
• Adapting testing strategies to evolving business environments.

Who Should Attend:

Internal auditors, risk managers, compliance officers, and professionals involved in ensuring the effectiveness of assurance controls within organisations.

CPE Points: 7

Knowledge Level: Intermediate

Delivery Format: Facilitator-led training via Zoom (Note: This training program will be delivered in two 3 and a half-hour lessons, over two days using Zoom. Registrations will be strictly limited to 12 participants to allow maximum interaction in the online environment.)