Advanced Internal Audit and Risk Management Strategies

Course Overview

Internal auditing is defined by the Institute of Internal Auditors as “an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.”

Changes in the regulatory and corporate governance environment have significantly increased the expectations that many stakeholders place on the internal audit function. This course guides internal auditors through the required standards for performing the internal audit. It covers up-to-date tips and tools to accomplish the audit in an efficient, flexible, and results-based manner in order to support the organization’s strategic objectives, improve its sustainability and leverage its ability to face future challenges.

Course Methodology

The course uses a mix of interactive techniques, such as brief presentations by the consultant, case studies, live demonstrations of sampling methodologies and group exercises to apply the knowledge acquired throughout the course.

Module 1: The Complete Course on e-Procurement
Section One:
Traditional Procurement Procedures
Section Two:
e-Procurement Development
Procurement in the organization Strategic sourcing
Supplier evaluation and performance
Apply performance to procurement decisions What is e-procurement
Pre-requisites for developing an e-procurement system
Steps in developing an e-procurement system The capabilities of e-procurement
Developing an e-procurement internal customer ordering and approvals system
Developing an e-quotation preparations system
Developing an e-quotation evaluation system Developing an e-purchase order system
Section Three:
e-Procurement Models and Negotiation
Section Four:
e-Procurement Management
E-Procurement business models Avoiding confrontational negotiating New techniques in influencing
Understanding the other negotiator’s power Negotiating pressure points and countermeasures Negotiation exercises
E-procurement workflows E-procurement processes
Managing an e-procurement system
E-procurement hardware and software E-procurement user administration
E-procurement