Module 1: Foundations of Internal Auditing

• Definition, Purpose and Mandate of Internal Auditing
• Internal Audit vs External/Statutory Audit vs Concurrent Audit
• The Three Lines Model
• Evolution of Internal Audit: from Compliance Watchdog to Strategic Advisor
• Regulatory Landscape for Internal Audit in India

Module 2: Ethics, Professionalism & the Global Internal Audit Standards

• Overview of the IIA's 2024 International Professional Practices Framework (IPPF)
• The Five Domains of the Global Internal Audit Standards
• The 15 Guiding Principles
• Code of Ethics — Integrity, Objectivity, Confidentiality, Competency
• Professional Skepticism and Due Professional Care
• Introduction to Topical Requirements (mandatory risk-topic guidance) and where they apply

Module 3: Governing and Managing the Internal Audit Function

• Internal Audit Charter, Mission and Audit Strategy
• Organizational Independence and the Audit Committee Relationship
• Internal Audit Policies and Methodology Documentation
• Resourcing, Competency and Staff Development
• Quality Assurance and Improvement Program (QAIP)

Module 4: Enterprise Risk Management & Risk-Based Audit Planning

• COSO ERM Framework (2017) essentials
• Building the Audit Universe
• Risk Assessment Matrix and Materiality Thresholds
• Annual (Risk-Based) Audit Plan Development
• Audit Engagement Planning: Objectives, Scope, Program

Module 5:Internal Controls Frameworks

• COSO Internal Control – Integrated Framework
• Control Environment, Risk Assessment, Control Activities, Information &
• Communication, Monitoring
• Segregation of Duties
• Control Self-Assessment (CSA)
• IT General Controls (ITGC)

Module 6: Audit Engagement Execution

• Fieldwork Fundamentals: Audit Evidence and Sufficiency
• Audit Sampling — Statistical and Judgmental Methods
• Vouching and Verification of Assets/Liabilities
• Audit Documentation and Working Paper Standards
• Root Cause Analysis of Findings

Module 7: Data Analytics & Technology-Enabled Auditing

• Computer-Assisted Audit Techniques (CAATs)
• Data Analytics for Internal Auditors (Excel-level, ACL/IDEA awareness)
• Continuous Auditing and Continuous Monitoring
• ERP Auditing (SAP/Oracle control environments)
• Cloud Computing Audit Considerations

Module 8: IT, Cybersecurity & Emerging Risk Audits

• IT Governance and Audit Basics
• Cybersecurity Topical Requirement
• Third-Party/Vendor Risk Auditing
• Data Privacy Risk Considerations
• Introduction to Emerging Areas: ESG/Sustainability Assurance

Module 9: Fraud Risk Management

• Fraud Triangle and Red Flags
• Fraud Risk Assessment vs Audit Risk Assessment
• Fraud Detection and Investigation Basics
• Whistleblower Mechanisms and Vigil Framework
• Anti-Corruption Topical Requirement (in consultation, 2026)

Module 10: Audit Reporting & Communication

• Structuring Audit Findings and Recommendations
• Types of Audit Opinions/Conclusions
• Report Writing and Stakeholder Communication Skills
• Management Response and Action Plan Tracking
• Follow-Up Audits and Closure of Findings

Module 11: Governance, Risk & Compliance (GRC)

• What is GRC and Why It Matters to Internal Audit
• Corporate Governance Essentials
• Enterprise Compliance Management
• GRC Maturity Models
• Internal Audit's Role as the Third Line of Defense in the GRC Structure

Module 12: Auditor Competencies & Career Pathway

• Critical Thinking and Decision-Making for Auditors
• Relationship Management and Stakeholder Engagement
• Building an Internal Audit Career
• Industry Case Studies (Banking, ERP-heavy manufacturing, Cloud-native firms)

Apply for Certification

https://www.vskills.in/certification/internal-audit-certification-course