This FAE seminar explores foundational and advanced practices in internal control design, evaluation, and internal audit execution. With Ernest Patrick Smith?s leadership in outsourced internal audit, internal control review, risk management, and extensive training delivery in these subjects, this session equips attendees with practical techniques to strengthen organizational integrity. Participants will learn how to assess control environments, design audit procedures, detect control weaknesses, and recommend meaningful improvements that mitigate risk and enhance operational effectiveness.
Major Topics
By the end of this session, participants will be able to:
- Determine core internal control frameworks and apply them to evaluate financial, operational, and IT processes.
- Design and execute effective internal audit procedures, including planning, testing, documentation, and reporting.
- Identify high?risk areas where control weaknesses are likely to occur and develop targeted audit responses.
- Recommend and implement corrective actions that strengthen control environments and reduce exposure to fraud or operational failures.
- Enhance organizational integrity by translating audit findings into actionable improvements and fostering a culture of accountability.
