Internal Audit has transitioned from a mere compliance role to a strategic partner in achieving organizational objectives. Secondly, technological integration has become pivotal for efficiency gains and data-driven decision-making in audit implementation. On the other hand, effective communication, collaboration and stakeholder engagement are vital for successful audit outcomes and organizational synergy.
Therefore, continuous learning and adaptation have become indispensable for audit and compliance professionals. This transformative 2-day workshop does just that by delving into areas such as strategic importance of internal audit, risk mitigation, and compliance; stakeholder engagement and communication; and ethical considerations and professional conduct. The workshop will take an interactive approach, using tools such as case studies, and group exercises to encourage practical application of concepts. Participants actively engaged in real-world scenarios, encouraging dynamic problem-solving and critical thinking.
- Paradigm Shift: Internal Audit has transitioned from a mere compliance role to a strategic partner in achieving organizational objectives.
- Technological Integration: Leveraging technology is pivotal for efficiency gains and data-driven decision-making in audits.
- Communication and Collaboration: Effective communication and stakeholder engagement are vital for successful audit outcomes and organizational synergy.
- Continuous Learning and Adaptation: The landscape of Internal Audit is evolving, necessitating a culture of continuous learning and adaptation.
- * Strategic Importance of Internal Audit: risk management, value addition, and safeguarding organizational reputation.
- * Risk Mitigation and Compliance: Participants engaged in comprehensive sessions highlighting the role of Internal Audit in identifying, assessing, and mitigating various risks, as well as ensuring regulatory compliance in a dynamic regulatory landscape.
- * Stakeholder Engagement and Communication: effective communication strategies to bridge gaps between auditors, management, and stakeholders, ensuring clear understanding and collaboration.
- * Ethical Considerations and Professional Standards: integrity and impartiality
- * Interactive Sessions: case studies, and group exercises to encourage practical application of concepts. Participants actively engaged in real-world scenarios, encouraging dynamic problem-solving and critical thinking.
Day 1:
9:00 am– 10:30 am (Session 1)
Knowledge Probe Quiz
Introduction to Financial Management
Financial Management versus Financial Accounting
11:00 am – 12:30 pm (Session 2)
Working Capital Management
Inventory and Receivable Management
1:30 pm – 3:00 pm (Session 3)
Concept of Valuation
Absolute and Relative valuation models
3:30pm – 5:00 pm (Session 4)
Cost of Capital
Group Activity 1
Day 2:
9:00 am– 10:30 am (Session 1)
Debrief of Day 1
Estimating project cash flows
Project evaluation techniques-NPV and IRR
11:00 – 12:30 pm (Session 2)
Internal and external financing sources
Financing life-cycle of the firm
Issuing securities to public
Group Activity 2
1:30 pm – 3:00 pm (Session 3)
Budgeting techniques & importance
Operating, financial and cash budgeting
3:30pm – 5:00 pm (Session 4)
Understanding the implications of financial reports
Communicating effectively about finance with executives from all functional areas
Workshop delivery approach
A highly interactive and practical content delivery format will be used. Blended approach with emphasis on ‘experiential’ learning will be utilized to create a solid base for knowledge sharing. Effective attention generation and total engagement tools will facilitate real time learning. No prior workshop preparation will be required. All the materials will be provided during the workshop. However, some evening work may be a part of the workshop!
Duration of the workshop
Two days
Abdul Basit
Seasoned Auditor | Strategic Advisor
Professional Summary:
A seasoned and accomplished professional auditor with around 30 years of extensive experience in auditing, risk management, and strategic advisory services. Proficient in leading audit teams, implementing robust internal controls, and providing expert guidance to optimize organizational efficiency and compliance. A distinguished record of delivering exceptional results in complex and diverse business environments.
Qualifications:
Fellow Chartered Accountant (FCA)
Certified Internal Auditor (CIA)
Certified Information Systems Auditor (CISA)
Certified Fraud Examiner (CFE)
Master of Economics (MA Eco)
Bachelor of Laws (LLB)
Key Skills & Expertise:
Audit Management: Proficient in leading comprehensive audit programs, ensuring adherence to international standards and regulatory compliance.
Risk Assessment & Mitigation: Expertise in identifying, evaluating, and mitigating various risks across financial, operational, and compliance domains.
Strategic Advisory: Providing strategic advice to senior management on enhancing operational efficiency, optimizing resources, and driving organizational growth.
Internal Controls: Implementing robust internal control systems to safeguard assets and ensure accuracy and reliability of financial reporting.
Compliance & Ethics: Ensuring adherence to legal and ethical standards, fostering a culture of compliance and integrity within organizations.
Team Leadership: Proven track record in mentoring and leading high-performance audit teams, fostering a collaborative and growth-oriented work environment.
IBA CEE Cancellation Policy for Open Enrollment Programs:
In the event of participant's cancellation, the following schedule will apply:
- 5 days before start of workshop - No cancellation
- Within 4 to 2 days prior to workshop Half program fee forfeiture
- Within 1 day and No Shows - Full program fee forfeiture
Cancellation notification must be made in writing to CEE.
Postponement
Due to any unavoidable circumstances, the workshop may be postponed by the institute. In case of postponement, the institute will refund full fee of the program or the participant may opt to defer his/her registration to the next program.
Substitute
Substitutes will be taken at least 2 days prior to the workshop. Should we be unable to accept your application for any reason, your payment (cheque/draft) will be returned to you.
Deferrals
All registrations deferrals must be requested in writing at least 2 days prior to the workshop. Send a note to the Program Registration Team indicating that you wish to have your registration deferred to another session of the same program within one year. The deposited fee will be carried forward. Please note that only one transfer is permitted. After one year, the deposited fee will be fully forfeited.
