This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

This comprehensive training program aims to equip internal audit leaders and audit committee members with a thorough understanding of the latest 2024 Global Internal Audit Standards issued by the Institute of Internal Auditors (IIA). The training delves into each domain of the new Standards to explain the key requirements, implementation considerations, and practical implementation of the standards as well as what conformance would mean under different principles and standards.

The training will also look at the Topical Requirements, focusing on what is to be expected from this new component of the 2024 International Professional Practice Framework (IPPF), as well as how these requirements will impact future internal audits.

Through interactive sessions, participants will gain:

1. In-depth knowledge of the core principles, standards, mandatory requirements, and implementation considerations outlined in the Global Internal Audit Standards
2. Ability to effectively interpret and apply the Standards to various internal audit engagements
3. A strong foundation for contributing to a robust and effective internal audit function that aligns with global best practices

Target Audience:

This training is ideal for internal audit leaders, Chief Audit Executives (CAEs), member of Board Audit Committees, and internal auditors seeking to enhance their understanding of the 2024 Global Internal Audit Standards and the overall evolution of the IPPF. 

Learning Outcomes:

By the end of this training, participants will be able to:

• Grasp the structure and content of the 2024 International Professional Practice Framework (IPPF)
• Recognise different responsibilities placed on internal audit leaders, audit committees, and senior management in relation to governing and managing internal audit functions, as well as performing internal audit engagements
• Gain insights into Quality Assurance and Improvement Program (QAIP) in the context of the Standards
• Explore approaches for integrating the new requirements into existing internal audit methodology
• Explore potential strategies to adopting the new Standards in preparation for maximum conformance when the standards come into effect (January 2025)

Venue: Kindly contact us on kla@kpmg.com.mt to indicate your preferred training method; online or in-person.

CPE Hours: This course qualifies for 2 hours of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Trainer:

Ricknelson Kigodi, Assistant Manager, Risk Consulting Advisory Services, KPMG in Malta

Ricknelson is a Certified Internal Auditor (CIA) and an active member of the Institute of Internal Auditors (IIA). For over four years, he has delivered internal audit, governance, and compliance engagements to clients across various sectors and regions. Ricknelson possesses an extensive understanding of the International Professional Practice Framework (IPPF) and its components including his experience conducting external quality assurance reviews (QARs) of internal audit functions, assessing their adherence to IPPF requirements and best practices.

Currently, Ricknelson is an Assistant Manager within the Risk Consulting Advisory Services team at KPMG Malta and has prior experience from KPMG East Africa where he delivered technical trainings focused on internal controls, internal audits, and risk management topics.

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Is your employer paying for your CPE seminars? Contact us on kla@kpmg.com.mt to discuss how the employer can benefit from our offers.

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