Course Overview: This course bridges the gap between financial oversight and strategic value creation. It explores how internal auditing serves as a governance tool while providing a deep dive into corporate finance decisions, such as capital structure, investment appraisal, and valuation.

Course Objectives:

• Establish and manage an effective internal audit function.
• Evaluate internal controls using the COSO framework.
• Apply capital budgeting techniques (NPV, IRR) for investment decisions.
• Understand the Weighted Average Cost of Capital (WACC).
• Manage corporate liquidity and funding strategies.

Target Audience:

• Internal Auditors and Risk Managers.
• Corporate Treasurers and Finance Directors.
• Investment Analysts.

Course Outline:

Day 1: The Internal Audit Function

• Role and Scope of Internal Auditing.
• Professional Standards (IIA Standards).
• Risk-based Auditing: Planning the Audit.
• Audit Evidence and Workpapers.

Day 2: Governance, Risk, and Control

• The COSO Framework for Internal Controls.
• Identifying Fraud and Operational Risks.
• Auditing Corporate Governance processes.
• Communicating Audit Results to the Board.

Day 3: Corporate Finance – Investment Decisions

• The Time Value of Money (TVM).
• Capital Budgeting: NPV, IRR, and Payback Period.
• Risk Analysis in Investment Projects.
• Lease vs. Buy Decisions.

Day 4: Capital Structure and Financing

• Sources of Finance: Debt, Equity, and Mezzanine.
• Understanding WACC (Weighted Average Cost of Capital).
• Dividend Policy and Share Repurchases.
• Working Capital Optimization.

Day 5: Valuation and Strategic Finance

• Company Valuation Methods (DCF, Multiples).
• Mergers and Acquisitions (M&A) Fundamentals.
• Corporate Social Responsibility (CSR) in Finance.
• Integration of Audit and Finance for better Governance.