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Internal Audit: a Guide for Management (Udemy.com)

Internal Audit, Risk Management, Compliance, Governance, Internal Controls, CIA, Audit Report, Audit Charter, IIA

Created by: Vlad Karols

Last updated January 2022

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What you will learn

  • What is Internal Auditing: understanding the principles and vocabulary
  • The goals and scope of Internal Auditing
  • The role and position of Internal Auditing within the Governance, Risk Management and Control structure
  • The fundamental differences between external and internal auditing
  • What are the professional standards that govern Internal Auditing
  • How to ensure independence and objectivity of the Internal Audit function
  • The sourcing and funding models of an Internal Audit function
  • How to set up an effective Internal Audit function
  • What is the Internal Audit Charter
  • Internal Audit processes and methodology
  • Hot to interpret Internal Audit reports
  • What are the benefits and value added of Internal Auditing
  • The outlook and future developments of Internal Auditing

How it compares

Against the other 376 rated Udemy courses in Finance & Accounting on CourseDuck:

  • Rating4.4 out of 5higher than 28% of them
  • Reviews2,867#52 of 377 by number of reviews
  • Length1.4 hoursshorter than 88% of them
  • Last updatedJanuary 2022earlier than 82% of them

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Course Description

This course has been designed for professionals in various real-life situations, who are not necessarily specialists in internal auditing, but who need and wish to obtain a concise and structured understanding of internal auditing.

First, it is made for members of the board of directors and management of organizations at various levels. For example, you are a member of the board of directors or an audit committee of an organization and you are responsible for the oversight of the internal audit function. Or your company wishes to outsource an internal auditing function and you need to understand the criteria to properly procure the service. Or, you are preparing for a promotion or for a temporary assignment with the internal auditing function.

The second target audience is professionals changing careers who are considering a career in internal auditing.

It will also benefit those preparing for the Certified Internal Auditor exams. If you are preparing for the CIA exams, especially at the end of your preparation, you wish to go through additional materials which might look at the topic from a different angle, or from a more practical perspective.

In this course, you will learn about:

  • The definition and scope of internal auditing;

  • The professional standards that govern internal auditing;

  • How does internal audit outsourcing and co-sourcing work;

  • What are the main elements of the internal audit process and methodology;

  • How to structure and/or understand internal audit engagement reports;

  • The evolving role and future outlook of internal auditing.

I invite you to watch the promo video of the course for more information!

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Instructor Details

Vlad Karols

I hold a Master's Degree in Finance, studied International Relations in France and Anti-Money Laundering in the UK. Started my career in tax consultancy and in 2018 moved to Malta. Since then I am deeply involved in the fields of Anti-Money Laundering Compliance and Internal Auditing.

I obtained the International Diploma in Anti-Money Laundering from the International Compliance Association (ICA) and hold the Certified Internal Auditor qualification by the Institute of Internal Auditors (IIA).

My hobbies are photography and hiking.

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Reviews

4.4

2,867 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

By Patrick Ifechukwu Utulu on 6/16/2025

Yes. Well structured, planned, expository and insightful. I feel like moving ahead. I now know very well the frame work of internal functions, difference between the IA and EA. Thank you.

By Faith Msiza on 2/5/2025

The context was nicely summarised serving as a great refresher. However, the module on IPPF standards may need to be updated to the relevant IIA global standards.

By Beatrice on 1/17/2024

The course was very informative and will definitely help a lot because the company I am working for is currently being audited and I am able to assist them better with the knowledge I have gained

By Anonymized User on 1/16/2024

I find this course very interesting and informative for my current position. I am learning all of the important information on how to properly meet with an auditor in the future.

By Osayamen Ehimwenma on 9/29/2023

yes it was. Being able to differentiate between internal and external auditing and knowing their responsibilities they are being entitled to.

By Anonymized User on 9/20/2023

Materi dalam kursus sesuai dengan jobdesk yang saya jalani, menambah ilmu pengetahuan dalam bidang internal audit yang sebelumnya tidak saya ketahui,terima kasih

By Subramanian Sankaranarayanan on 8/22/2022

I found this course amazing, easy to understand . while this gave insight on the theory, a case study would help in reinforcing the understanding. Kudos!!

By Modise Molusi on 2/28/2022

There are no lecture scripts and maybe if you can include them in the future lectures it will be awesome. Facilitation does not mean you have to read from a document but summarize what is in the document and present it in a PowerPoint format.

By Aldila Yanri on 6/1/2021

Great course on introducting internal auditing. Some need to get paid more attention for improvement such as video graphic, the more detail of the contents, and more. Overall, I like the course.

By Abraham Gumba on 6/1/2020

The course is short and to the point. It is reasonably informative, in my opinion. Some parts are read out by a robotic voice. That was a little distracting.

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Overall Score : 88 / 100