Do you need to learn about Internal Audit or improve your technique? Do you work in Internal Audit and need to demonstrate your CPD? Are you training someone on Internal Audit? If you answered yes to any of these questions and are an ACCA member, then you may be interested in ACCA’s Internal Audit Virtual Learning Centre. It contains a section called ‘Learning About Internal Audit’ and its aim is to supplement the International Standards for the Professional Practice of Internal Auditing with articles and guides that are easy to read and outline what internal auditing is like in practice and the pitfalls that often arise.
When you start off in the profession, you need to learn how to do an audit and this is explained under Audit Basics. This section covers all the elements of the audit cycle (planning, fieldwork, reporting, follow up) plus the essential but often overlooked areas of relationship management and assignment team management. It is useful for beginners and for those developing their knowledge. For each subject you can read an article, refer to a concise Practitioner’s Guide which covers the aims, principles and hints & tips, and then practice your understanding by answering 5 multiple choice questions.
A section on Providing Assurance covers assurance planning, assurance reporting, managing the department and working with other assurance providers. Each of these areas contains an article, Practitioner’s Guide and quiz.
Guidance for Audit Committee effectiveness is being developed.
Within the introduction there is also a Brief Guide to Internal Auditing which provides an overview and also some useful reminders.
To access this resource, login to your myACCA account using your membership number and password. Please click the link to the Virtual Learning Centre from the learning opportunities section on your myACCA homepage. This resource is only available to ACCA members and is free of charge.