Internal auditors play a crucial role within organizations by assessing and enhancing the effectiveness of internal controls, risk management processes, and financial reporting. They are responsible for conducting independent and objective evaluations of an organization’s operations to ensure compliance with policies, laws, and industry standards. In this article, we will explore some of the best internal auditors courses and their significance in fostering effective internal auditing practices.
Importance of Internal Auditors
Internal auditors are of paramount importance within organizations, a fact underscored by the remarkable 38% year-over-year increase in demand for their expertise. This substantial surge in demand attests to the growing recognition of their vital role in preserving financial integrity, effective risk management, and stringent regulatory compliance. As businesses confront the dynamic challenges of today’s corporate landscape, the specialized skills and knowledge possessed by internal auditors assume an increasingly invaluable position.
Table of Content
- 1 Best Internal Auditors Courses, Certification, Tutorials, Training, Classes Online
- 1.1 Lead Auditor Tools for a Professional Internal Audit [Udemy]
- 1.2 Internal Auditing Part I [Udemy]
- 1.3 ISO 19011:2018. Management system auditor training [Udemy]
- 1.4 Internal Audit: a Guide for Management [Udemy]
- 1.5 Writing Highly Effective Internal Audit Report In < 60 Days [Udemy]
- 1.6 Internal Controls – Design, Implementation and Monitoring [Udemy]
- 2 FAQ
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Best Internal Auditors Courses, Certification, Tutorials, Training, Classes Online
Lead Auditor Tools for a Professional Internal Audit [Udemy]
This internal auditor course online is your gateway to mastering the art of professional internal auditing. With 1-on-1 online sessions with the experienced instructor, this course equips professionals with the skills needed to excel in auditing roles.
Course Instructor
Danielle Volski, this instructor of this internal auditor class, is an accomplished auditor, consultant, and trainer with over a decade of experience in ISO 9001 and process improvement consulting.
Pros & Cons
Pros
- 1-on-1 Instructor Support
- Efficient Documentation
Cons
- Objectivity
- Subject Matter Relevance
Key Highlights & Learning Objectives
- Benefit from personalized guidance with 1-on-1 online sessions with instructor Danielle Volski, ensuring a thorough understanding of audit techniques.
- Learn how to prepare meticulously for audits, including creating effective audit questions and structuring audit plans.
- Discover techniques for efficient and organized documentation during the audit process, ensuring that all critical information is captured.
- Gain insights into various types of audits, broadening your audit expertise beyond ISO 9001 to adapt to different organizational needs.
- The course includes a wealth of resources, comprising 47 video lectures, 10 informative articles, 7 downloadable resources, and certificate of achievement.
Who is it for?
This internal auditor online course is ideally suited for professionals engaged in ISO 9001 audits, quality auditing, and quality management, as well as individuals aspiring to become proficient internal auditors. It caters to those seeking a comprehensive understanding of audit preparation, efficient documentation, and impactful report writing.
Rating: 4.5/5
Students Enrolled: 35,735
Duration: 3 hours
Internal Auditing Part I [Udemy]
The Udemy online internal auditor course offers a comprehensive exploration of the world of internal auditing. This course equips learners with a deep understanding of the purpose behind internal audits, essential auditing concepts, risk management strategies, and a step-by-step guide to conducting audits effectively.
Course Instructor
The internal auditor training instructor, Rethabiseng Erica Mosinyi, is a highly experienced Internal Auditor with over a decade of expertise in various industries, including mining. Holding a Bachelor of Accountancy degree and being a full member of prestigious associations like the Institute of Internal Auditors and the Botswana Institute of Chartered Accountants, Rethabiseng brings a wealth of practical knowledge to this course.
Pros & Cons
Pros
- Industry Diversity
- Professional Associations
- Continuous Learning
Cons
- Limited Depth
- Limited Practical Application
Key Highlights & Learning Objectives
- It serves as a valuable reference guide for those in the field of auditing, offering real-world knowledge and expertise.
- The course’s emphasis on controls provides learners with a robust toolkit to identify, assess, and mitigate risks effectively, contributing to organizational resilience.
- The course excels in simplifying complex auditing concepts, making it accessible to individuals with varying levels of prior knowledge in the field.
- The course promises to turn beginners into proficient internal auditors within just one week, offering a structured and efficient learning path.
- The course comprises 23 video lectures, 9 downloadable resources, and provides a certificate of completion upon successfully finishing the program.
Who is it for?
This online internal auditor course is best suited for individuals who are new to the field of internal auditing and are eager to build a foundational understanding of the discipline. It’s beneficial for experienced auditors seeking to refresh their knowledge and gain insights from a seasoned industry professional.
Rating: 4.4/5
Students Enrolled: 33,612
Duration: 47 min
ISO 19011:2018. Management system auditor training [Udemy]
This comprehensive online internal auditor course offers a detailed exploration of management system auditing in accordance with ISO 19011:2018 and relevant standards. Ideal for both newcomers and experienced auditors seeking to refresh their knowledge, this program covers a wide range of essential topics.
Course Instructor
The internal auditor training is instructed by Cristian Vlad Lupa, an experienced professional in the field of standards, auditing, and certification, known for translating complex international standards into easily understandable language to facilitate individual and organizational improvement.
Pros & Cons
Pros
- Career Development
- Remote Auditing
Cons
- Limited Hands-On Practice
- No Interactivity
Key Highlights & Learning Objectives
- The course offers in-depth coverage of management system auditing based on ISO 19011:2018, making it suitable for both beginners and experienced auditors.
- Participants gain practical insights into auditing principles, types of audits, risk-based thinking, and auditor competencies.
- It delves into the requirements for auditor competence and expected behavior, providing a well-rounded understanding of the role.
- This course comprises 34 video lectures, 36 downloadable resources, and provides a certificate of completion upon finishing the program.
Who is it for?
This internal auditor online course is best suited for individuals who are either starting their career in auditing or seeking to refresh and enhance their existing knowledge of management system auditing. It caters to auditors, managers, consultants, and those tasked with administering management systems.
Rating: 4.6/5
Students Enrolled: 31,817
Duration: 3 hours
Internal Audit: a Guide for Management [Udemy]
This online Internal Auditor course offers a comprehensive exploration of the vital field of internal auditing. This course caters to professionals from various backgrounds, including board members, management personnel, and those transitioning into internal auditing careers.
Course Instructor
The internal auditor training is instructed by Vlad Karols, MBA, CIA, Int.Dip(AML), an expert with a master’s degree in finance, international relations experience in France, and Anti-Money Laundering expertise gained in the UK, making him well-equipped to provide valuable insights into the world of internal auditing.
Pros & Cons
Pros
- Scope and Goals
- Professional Standards
Cons
- Specialization Required
- Limited Practical Exercises
Key Highlights & Learning Objectives
- It covers the fundamental principles of internal auditing, emphasizing its role in helping organizations achieve their objectives through assessments of operations, risk management, compliance, and internal controls.
- The course clarifies the distinctions between internal and external auditing, ensuring learners grasp the broader scope of internal auditing beyond financial statements.
- Learners are kept up-to-date with the evolving role of internal auditing, ensuring they are equipped to adapt to changing industry trends and challenges.
- This course comprises 10 video lectures, 13 downloadable resources, and offers a certificate of completion upon finishing the course.
Who is it for?
This Internal Auditor online course is ideally suited for a diverse audience. It caters to board members, management professionals, and individuals changing careers who seek a structured understanding of internal auditing. Additionally, those preparing for the Certified Internal Auditor (CIA) exams can benefit from this comprehensive overview.
Rating: 4.5/5
Students Enrolled: 24,960
Duration: 2 hours
Writing Highly Effective Internal Audit Report In < 60 Days [Udemy]
Unlock the secrets to crafting highly effective internal audit reports with this comprehensive Internal Auditor course online. Drawing from years of professional experience in internal and external audit, risk management, and internal control, this course covers the essential components of Audit Findings and how to structure them in accordance with international auditing standards.
Course Instructor
Gin Yew PHUA, an accomplished internal audit professional with 15 years of experience, brings a wealth of expertise to this internal auditor class, imparting valuable insights and strategies for crafting highly effective internal audit reports.
Pros & Cons
Pros
- Enhanced Career Opportunities
- Real-World Insights
Cons
- Individual Pace
- Limited Interactivity
Key Highlights & Learning Objectives
- With a focus on efficiency, the course equips participants with the skills to produce highly effective audit reports within a strict 60-day timeline.
- Case studies are included to illustrate concepts, ensuring practical understanding and application.
- Learn to meet and exceed international auditing standards, enhancing your credibility as an internal auditor.
- This course includes 13 video lectures, 5 downloadable resources, and upon completion, awards a Certificate of Completion.
Who is it for?
This internal auditor online course is best suited for internal audit professionals at various career stages, including managers and directors, seeking to elevate their report-writing skills to meet international standards. It caters to those who aspire to communicate audit findings clearly and concisely, align the tone of their reports with severity, and complete high-quality audit reports efficiently.
Rating: 4/5
Students Enrolled: 2,324
Duration: 1 hours
Internal Controls – Design, Implementation and Monitoring [Udemy]
The Udemy course, Internal Controls, offers a comprehensive exploration of the critical aspects of internal controls within organizations, this online internal auditor course equips learners with the knowledge and skills needed to design, implement, and effectively manage internal control systems.
Course Instructor
The internal auditor class is instructed by Maciej Rychlicki, a seasoned professional with over 12 years of experience in data analytics, internal controls, and audit within multinational corporations and consulting firms, specializing in enhancing internal controls’ effectiveness through continuous monitoring.
Pros & Cons
Pros
- Real-World Application
- Efficiency and Automation
Cons
- Prerequisite Knowledge
- Technical Skill Level
Key Highlights & Learning Objectives
- Learn how to navigate and comply with critical regulations such as the Sarbanes-Oxley Act (SOX) and Foreign Corrupt Practices Act (FCPA), ensuring your organization meets legal requirements.
- Gain practical skills that can be directly applied to your organization’s internal control processes, enhancing your ability to manage risks effectively.
- Explore methods to streamline control activities and discover when and how to incorporate automation for efficient monitoring.
- This course comprises 27 video lectures, 3 articles, 3 downloadable resources, and upon successful completion, you will receive a Certificate of Completion.
Who is it for?
This online internal auditor course is ideally suited for professionals across various sectors, including finance, IT, operations, and management, who seek to enhance their expertise in designing, implementing, and monitoring internal controls. It caters to those looking to bolster their organization’s risk management efforts and improve operational efficiency.
Rating: 4.3/5
Students Enrolled: 25,292
Duration: 6 hours
FAQ
Who are internal and external auditors?
Internal and external auditors are professionals who perform different types of audits to ensure the accuracy, integrity, and compliance of financial information within an organization.
Internal Auditor:
Role: Internal auditors are employees of the company they work for. They assess and provide independent and objective evaluations of the company’s financial and operational activities.
Scope: They focus on internal controls, risk management, and compliance with company policies and procedures.
Reporting Line: They report to the company’s management or board of directors. Their goal is to improve and add value to the organization’s operations.
Objectives: Identify weaknesses in internal controls, evaluate the efficiency of operations, and ensure compliance with laws and regulations.
External Auditor:
Role: External auditors are independent professionals or firms hired by an organization to provide an objective evaluation of its financial statements and accounting records.
Scope: Their primary focus is on financial statements, ensuring they are free from material misstatements and follow accounting principles and regulatory standards.
Reporting Line: They report to the shareholders or board of the organization. They aim to give an unbiased opinion on the accuracy and fairness of the financial statements.
Objectives: Express an opinion on whether the financial statements present a true and fair view of the company’s financial position and performance in accordance with accounting standards.
Both internal and external auditors play critical roles in assessing an organization’s financial health and compliance. While they serve different purposes, their combined efforts help ensure the transparency and accuracy of an organization’s financial information.
Who audits the internal auditors?
Internal auditors can be subject to various forms of oversight and audit to ensure their effectiveness, adherence to professional standards, and compliance with the organization’s policies and procedures. The oversight can come from several entities:
External Auditors: In some cases, external auditors might review and assess the work of internal auditors, especially in organizations where they play a significant role in evaluating the company’s internal controls and risk management processes.
Board of Directors or Audit Committee: Internal auditors typically report to the board of directors or an audit committee. These governing bodies oversee the activities of the internal audit function and may review and assess their reports, ensuring they operate in accordance with their charter and industry standards.
Regulatory Bodies or Professional Associations: Regulatory bodies and professional associations, such as the Institute of Internal Auditors (IIA), set professional standards and codes of conduct for internal auditors. They might conduct quality assurance reviews or provide certifications that ensure internal auditors comply with established standards.
Internal Quality Assurance and Improvement Program (QAIP): Many internal audit departments establish their own quality assurance and improvement programs. These programs might include self-assessment, ongoing monitoring, periodic external assessments, and external quality reviews to ensure the effectiveness of the internal audit function.
The purpose of these oversight mechanisms is to ensure that internal auditors maintain high standards of professionalism, objectivity, and competency in their work, thus contributing effectively to the organization’s governance, risk management, and control processes.
What is the role of an internal auditor?
The role of an internal auditor is multifaceted, involving a wide array of responsibilities aimed at evaluating and improving an organization’s operations. Their primary focus is on assessing and enhancing the effectiveness of risk management, control, and governance processes.
Here are the key aspects of an internal auditor’s role:
Risk Assessment: Internal auditors identify and evaluate potential risks that could affect the organization’s ability to achieve its objectives. They analyze and prioritize risks and assess the effectiveness of existing risk management processes.
Internal Controls Evaluation: They examine and review the adequacy and effectiveness of internal control systems and processes. This includes financial controls, operational controls, compliance controls, and more. The goal is to ensure that controls are adequate to mitigate risks and safeguard assets.
Compliance Review: Internal auditors verify that the organization is operating in compliance with applicable laws, regulations, and internal policies. They assess the company’s adherence to industry standards and best practices.
Process Improvement: Internal auditors may suggest improvements to existing processes and procedures. This includes providing recommendations to enhance efficiency, reduce waste, and streamline operations.
Financial Auditing: Reviewing financial records, transactions, and accounting practices to ensure accuracy, completeness, and compliance with accounting principles and standards.
Reporting: After conducting their audits, internal auditors prepare reports summarizing their findings, including any deficiencies, weaknesses, or areas for improvement. They communicate their recommendations to management for corrective actions.
Advisory Role: They may provide guidance and advice to management on risk mitigation strategies, control enhancements, and best practices to improve overall governance and operations.
Quality Assurance: Maintaining the standards of the internal audit function through regular reviews, adherence to professional codes of conduct, and ensuring compliance with industry standards and best practices.
The ultimate goal of internal auditors is to provide an independent and objective assessment of an organization’s operations, contributing to the efficiency, effectiveness, and integrity of its processes while safeguarding its assets.
