Mini MBA in Auditing and Internal Control

Course Overview: Mini MBA in Auditing and Internal Control

The Mini MBA in Auditing and Internal Control offers a focused, practical approach to understanding key concepts in auditing and internal control systems. Participants will gain foundational knowledge in audit planning, risk assessment, and evidence gathering, complemented by skills in reporting and communication of findings. The course also delves into the design and implementation of internal control systems, aligning them with organizational strategies while managing risks and detecting fraud. Emphasis is placed on understanding regulatory requirements and ethical standards to ensure compliance and maintain high professional standards.

Course Objectives

• Audit Practices and Procedures
• Internal Control Design and Implementation
• Regulatory Compliance and Ethical Standards
• Data Analytics in Auditing
• Practical Applications and Case Studies

Target Audience

• Accounting and Audit Professionals
• Managers and Executives
• Aspiring Auditors
• Compliance Officers
• Business Analysts

Course Duration

• 3 weeks (with daily sessions of 4 hours).

What you will learn?

Condensed Course Modules

Week 1: Foundations of Auditing and Internal Controls

Day 1: Introduction to Auditing

• Overview of auditing and its purpose
• Types of audits: Internal, external, compliance, operational
• Roles and responsibilities of auditors

Day 2: Audit Planning and Risk Assessment

• Setting audit objectives and scope
• Risk assessment procedures
• Developing and implementing audit plans

Day 3: Gathering and Evaluating Audit Evidence

• Types of audit evidence
• Techniques for evidence collection
• Documentation and working papers

Day 4: Reporting and Communication

• Preparing audit reports: Structure and content
• Communicating findings and recommendations
• Follow-up and action plans

Day 5: Introduction to Internal Control Systems

• Frameworks and models: COSO, COBIT
• Principles and objectives of internal controls
• Control activities: Preventive, detective, corrective

Day 6: Design and Implementation of Internal Controls

• Designing internal control systems
• Implementing controls in organizational processes
• Monitoring and evaluating control effectiveness

Day 7: Review and Case Studies

• Review of key concepts from Week 1
• Case studies on audit planning, risk assessment, and internal controls

Week 2: Regulatory Environment, Ethics, and Data Analytics

Day 8: Regulatory Requirements and Compliance

• Overview of key regulations: SOX, GDPR
• Compliance requirements and implications
• Regulatory bodies and standards

Day 9: Ethical Standards in Auditing

• Professional ethics in auditing
• Handling ethical dilemmas
• Maintaining independence and objectivity

Day 10: Introduction to Data Analytics in Auditing

• Basics of data analytics
• Tools and techniques for data analysis
• Integration of data analytics in audit processes

Day 11: Fraud Detection and Investigation

• Techniques for identifying fraud
• Data-driven fraud detection
• Investigative approaches and reporting

Day 12: Advanced Data Analytics Applications

• Applying advanced data analytics tools
• Case studies on data-driven audits
• Interpreting and using data in decision-making

Day 13: Risk Management Strategies

• Identifying and assessing organizational risks
• Developing risk management strategies
• Integrating risk management with internal controls

Day 14: Review and Case Studies

• Review of key concepts from Week 2
• Case studies on regulatory compliance, ethics, and data analytics

Week 3: Practical Applications and Strategic Considerations

Day 15: Aligning Internal Controls with Organizational Strategy

• Ensuring internal controls support strategic goals
• Case studies on strategic alignment
• Best practices for alignment

Day 16: Change Management in Internal Controls

• Managing changes to internal controls
• Adapting to organizational changes
• Change management strategies

Day 17: Practical Case Studies in Auditing

• Detailed case studies on audit execution
• Group discussions and problem-solving
• Applying learned techniques to case scenarios

Day 18: Practical Case Studies in Internal Controls

• Detailed case studies on internal controls
• Group discussions and problem-solving
• Implementing controls in simulated scenarios

Day 19: Simulation Exercises

• Hands-on simulation of auditing processes
• Internal control implementation exercises
• Real-time problem-solving and analysis

Day 20: Final Review and Assessment

• Comprehensive review of all topics
• Final assessment: Test and project presentation
• Feedback and discussion

Day 21: Conclusion and Certification

• Review of key takeaways
• Certificate presentation
• Q&A session and next steps for further development

Materials and Resources:

• Training Manual and Handouts
• Online Resources and Tools
• Recommended Reading and Study Materials
• Access to Workshops and Webinars

Assessment and Certification:

• Evaluation Methods: Quizzes, assignments, case studies
• Certification: Certificate of Completion

Assessment and Evaluation

• Daily Quizzes and Assignments: To reinforce daily learnings and ensure comprehension of key concepts.
• Case Study Analyses: Participants will analyze and present case studies on international HRM challenges.
• Final Project: Development of a comprehensive IHRM strategy for a hypothetical multinational company, to be presented on the last day of the course.

Reading Materials and Resources

• Textbooks:
  • International Human Resource Management by Peter J. Dowling, Marion Festing, and Allen D. Engle.
  • Managing Across Borders: The Transnational Solution by Christopher A. Bartlett and Sumantra Ghoshal.
• Articles and Case Studies:
  • Selected readings from Harvard Business Review and International Journal of Human Resource Management.

Instructor and Support

• Instructor:  experienced in IHRM)
• Office Hours: Available daily for one-on-one consultations.

This accelerated course is designed for professionals seeking to rapidly gain expertise in International Human Resource Management, providing practical skills and strategic insights for managing global workforces effectively.