One-Day Practical Training Programme for Public Sector Officers
Strengthening Governance, Accountability, Risk Management, and Internal Controls
Internal auditing is a critical function that helps organizations improve operations, manage risks, strengthen internal controls, and ensure compliance with laws, regulations, and policies. In the public sector, effective internal auditing supports transparency, accountability, and the efficient use of public resources.
This practical one-day training programme is designed for internal auditors, accountants, finance officers, directors, administrative officers, and management personnel working in government institutions, ministries, provincial councils, local authorities, universities, and state-owned enterprises.
More Details
Phone: 0777889838
Why Internal Audit is Important
A strong internal audit function helps organizations identify weaknesses before they become major problems. Internal auditors provide independent assurance on the effectiveness of governance, risk management, and internal control systems.
Effective internal auditing helps organizations:
- Improve operational efficiency
- Reduce fraud and corruption risks
- Strengthen internal controls
- Improve compliance with laws and regulations
- Enhance financial accountability
- Support management decision-making
- Improve organizational performance
- Reduce audit observations from external auditors
Who Should Attend?
This programme is ideal for:
- Internal Auditors
- Chief Internal Auditors
- Accountants
- Chief Accountants
- Finance Officers
- Administrative Officers
- Directors
- Managers
- Audit Committee Members
- Provincial Council Officers
- Local Government Officers
- University Administrative Staff
- State Corporation Officers
- Ministry and Department Officials
Learning Objectives
Upon completion of the programme, participants will be able to:
- Understand the role and responsibilities of internal auditors
- Apply risk-based auditing techniques
- Evaluate internal control systems
- Conduct effective audit assignments
- Prepare professional audit reports
- Identify fraud risks and control weaknesses
- Improve governance and compliance practices
- Address common audit findings and recommendations
Course Content
Introduction to Internal Auditing
- Definition and Purpose of Internal Audit
- Role of Internal Auditors
- Internal Audit Standards
- Independence and Objectivity
- Professional Ethics
Internal Control Systems
- Understanding Internal Controls
- Components of Internal Control
- Preventive Controls
- Detective Controls
- Corrective Controls
- Evaluating Control Effectiveness
Risk Management and Risk-Based Auditing
- Understanding Organizational Risks
- Risk Identification Techniques
- Risk Assessment Methods
- Risk-Based Audit Planning
- Prioritizing Audit Areas
Internal Audit Planning
- Annual Audit Planning
- Audit Universe Development
- Audit Objectives and Scope
- Resource Allocation
- Audit Scheduling
Conducting Internal Audits
- Audit Procedures
- Evidence Collection
- Interviews and Enquiries
- Documentation and Working Papers
- Sampling Techniques
Audit Findings and Recommendations
- Identifying Audit Findings
- Root Cause Analysis
- Developing Practical Recommendations
- Reporting Significant Risks
- Following Up on Corrective Actions
Internal Audit Reporting
- Structure of Audit Reports
- Writing Effective Audit Reports
- Communicating Audit Results
- Presenting Findings to Management
- Reporting to Audit Committees
Fraud Risk Management
- Understanding Fraud Risks
- Fraud Indicators
- Fraud Prevention Strategies
- Internal Controls Against Fraud
- Investigation Considerations
Public Sector Audit Challenges
- Compliance Issues
- Procurement Audit Concerns
- Asset Management Weaknesses
- Revenue Collection Risks
- Budgetary Control Issues
Audit Committee and Governance
- Responsibilities of Audit Committees
- Governance Best Practices
- Accountability Frameworks
- Monitoring Internal Controls
- Improving Organizational Performance
Key Areas Covered in Public Sector Audits
Participants will learn how to audit:
- Financial Management Systems
- Procurement Processes
- Revenue Collection Activities
- Fixed Asset Management
- Inventory and Stores Management
- Payroll Systems
- Project Management Activities
- Information Technology Controls
- Contract Management Procedures
- Compliance with Government Regulations
Common Audit Findings Discussed
The programme includes practical discussions on common issues identified during audits, including:
- Weak internal controls
- Lack of supporting documentation
- Procurement irregularities
- Asset management deficiencies
- Revenue leakages
- Budget overruns
- Unauthorized transactions
- Non-compliance with regulations
- Inadequate monitoring mechanisms
Benefits of Attending
Participants Will Learn How To:
✔ Conduct professional internal audits
✔ Develop risk-based audit plans
✔ Evaluate internal controls effectively
✔ Prepare high-quality audit reports
✔ Identify and mitigate organizational risks
✔ Reduce fraud and operational weaknesses
✔ Improve governance and accountability
✔ Add value to management decision-making
Why Choose PRAG Institute?
PRAG Institute has extensive experience in conducting professional training programmes for government institutions, state corporations, universities, provincial councils, and local authorities throughout Sri Lanka.
Our programmes combine practical knowledge, real-world case studies, audit experiences, and current public sector best practices to help participants enhance their professional skills and organizational effectiveness.
Frequently Asked Questions
Is this programme suitable for new internal auditors?
Yes. The programme covers both fundamental and advanced internal audit concepts suitable for beginners and experienced officers.
Will risk-based auditing be covered?
Yes. Risk assessment and risk-based audit planning are key components of the programme.
Is this training relevant to government institutions?
Absolutely. The content focuses on public sector auditing practices, governance requirements, and compliance obligations.
Are practical examples included?
Yes. Participants will review real-world audit scenarios, findings, and case studies relevant to public sector organizations.
Register for the Internal Audit Training Programme
Enhance your auditing skills, strengthen governance practices, and contribute to better organizational performance through effective internal auditing.
Contact PRAG Institute
Phone: 0777 889838
Email: info@pragservice.com
Website: www.pragservice.com