How to Conduct Internal Audit Step by Step Process

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  • Опубліковано 10 чер 2024
  • In this video, i have covered a detailed process of How to conduct an internal audit from step 1 to step 7
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КОМЕНТАРІ • 219

  • @obehiokojie4066
    @obehiokojie4066 10 місяців тому +13

    You just compressed all what I have been struggling to understand for over two months now, and you delivered it with great clarity and understanding. Thank you, Prabh.

    • @PrabhNair1
      @PrabhNair1  6 місяців тому +3

      Thanks a Lot Dear
      Keep supporting and Subscribe to Channel :)

  • @mayuloves
    @mayuloves 2 роки тому +29

    This session on Audit is simply outstanding. This gives more insight on steps and procedures to follow who is new to Audit field. You make our life easy. Kindly do similar videos..

  • @nkafupynpoint4254
    @nkafupynpoint4254 Рік тому +1

    Simply put. You are God sent. Your delivery is second to none.

    • @PrabhNair1
      @PrabhNair1  Рік тому

      Thank You so Much for Your Kind Words. Do subscribe to channel for more update :)

  • @iliasahm
    @iliasahm 2 роки тому +4

    Your selection of topics is what makes you stand out from d rest.

  • @kaarthickcbz
    @kaarthickcbz 2 роки тому +3

    Audit preparedness awareness is important across all processes. Good one.

  • @Abdul-dy7om
    @Abdul-dy7om Рік тому

    This is awesome, thank you very much Prabh Nair

  • @tanveenagpal
    @tanveenagpal Рік тому +1

    The most detailed, accurate and outstanding video on Internal Audit. Good work done Prabh

    • @PrabhNair1
      @PrabhNair1  Рік тому

      Thank You so Much for Your Kind Words. Do subscribe to channel for more update :)

  • @miguelrodriguez97
    @miguelrodriguez97 2 роки тому

    Great job explaining the process! Thank you!

  • @vincentmboti
    @vincentmboti Місяць тому

    Thank you so much for your explanation of internal audit.

  • @anil4336
    @anil4336 2 роки тому +1

    Wow Amaizing Prabh ! Fantastic 👍👍👍👍👍👍👍👍👍👍👍

  • @narayanas6043
    @narayanas6043 Рік тому

    Great session and very useful, looking for more sessions for internal auditing, Thanks!

  • @mansur2772
    @mansur2772 Рік тому +5

    Hi Prabh, you have been doing a great job in sharing your experience and giving guidance and direction. I am so happy to attend your sessions on youtube. Thank you so much and your efforts are much appreciated.
    Definitely I would encourage you to post such videos with real time examples and case studies and use cases.
    Thanks, my best wishes to you,
    Mansoor

    • @PrabhNair1
      @PrabhNair1  6 місяців тому

      Thanks a Lot Dear
      Keep supporting and Subscribe to Channel :)

  • @MegaJusttosee
    @MegaJusttosee 2 роки тому +1

    Thank you Prabh, Very well explained and then summerized.

  • @MrCold940
    @MrCold940 Рік тому

    Great Video! Thanks!!

  • @parthdave5601
    @parthdave5601 Місяць тому

    Yes good guidance for internal auditor job role

  • @vikaschoudhary2512
    @vikaschoudhary2512 Місяць тому

    Your videos are amazing. Thank you

  • @rv.jagadeeshbabu8991
    @rv.jagadeeshbabu8991 Рік тому +1

    The session is super productive...Thanks for the understanding explination.

    • @PrabhNair1
      @PrabhNair1  Рік тому

      Thank You so Much for Your Kind Words. Do subscribe to channel for more update :)

  • @amitpandya5818
    @amitpandya5818 8 місяців тому

    it was very helpful, thank you

  • @swapnalinimbalkar7455
    @swapnalinimbalkar7455 3 місяці тому

    Extremely helpful video

  • @mrsmasher1234
    @mrsmasher1234 Рік тому

    Excellent piece

  • @pankajsonawane2756
    @pankajsonawane2756 2 дні тому

    Perfect info.

  • @naimat188
    @naimat188 Рік тому

    Very informative video,,,,,Love and Respect from Pakistan

  • @balanp2874
    @balanp2874 Рік тому +5

    I have thoroughly observed this vedio and hence now I have become an Expert Internal Auditor from the scratch level.I got the cofidence to manage a new Internal Audit Job I am going to do next week onwards.I am really thankful to you Mr.Prabh Nair,Sir.Many more thanks to you.Wish you all Best in your Career.

  • @awelenestor3041
    @awelenestor3041 Місяць тому

    Dem ur video was amazing thanks alot

  • @folorunsoezekiel5975
    @folorunsoezekiel5975 2 роки тому +1

    Very straightforward

  • @getanehhaile4553
    @getanehhaile4553 Рік тому

    I am real impressed. I gained a lot from your lecture thank u so much Bro. God bless you

  • @jackieo7113
    @jackieo7113 Рік тому

    Excellent! Posting to my LinkedIn network!!!

    • @PrabhNair1
      @PrabhNair1  Рік тому

      Thank You so Much for Your Kind Words. Do subscribe to channel for more update :)

  • @abhiraminp8681
    @abhiraminp8681 Місяць тому

    outstanding explanation 👍🏻

  • @jois25perez
    @jois25perez Рік тому

    This was really good. Loved it

    • @PrabhNair1
      @PrabhNair1  Рік тому

      Thank You so Much for Your Kind Words. Do subscribe to channel for more update :)

  • @user-su9go9dc6f
    @user-su9go9dc6f 8 місяців тому

    Its very essential and jest description; Thanks for nice delivery approach.

    • @PrabhNair1
      @PrabhNair1  6 місяців тому

      Thanks a Lot Dear
      Keep supporting and Subscribe to Channel :)

  • @oracam437
    @oracam437 2 роки тому

    Greatly Appreciate your professionalism in this video. Well executed. As well as well-spoken. Love the accent.😀

  • @miguelalvarado1440
    @miguelalvarado1440 Рік тому

    Very well explained my friend.
    #Kudos

  • @harinib5997
    @harinib5997 6 місяців тому

    Thank you for the wonderful video Prabh

    • @PrabhNair1
      @PrabhNair1  6 місяців тому +1

      Thanks a Lot Dear
      Keep supporting and Subscribe to Channel :)

  • @parthisachin236
    @parthisachin236 Рік тому

    Simply superb Brother... Plz keep continue

    • @PrabhNair1
      @PrabhNair1  6 місяців тому

      Thanks a Lot Dear
      Keep supporting and Subscribe to Channel :)

  • @kabelodelron5611
    @kabelodelron5611 10 місяців тому

    You have broken down everything 🤝

  • @kamalpeeris2894
    @kamalpeeris2894 2 роки тому +1

    Great one. Thanks

  • @Obrempong1
    @Obrempong1 Рік тому

    Excellent job and thank you so much

    • @PrabhNair1
      @PrabhNair1  6 місяців тому

      Thanks a Lot Dear
      Keep supporting and Subscribe to Channel :)

  • @manuneethis9076
    @manuneethis9076 7 місяців тому

    Outstanding session in IT and really helpful to attend ITAudit Analyst role. Deep insights on IT audit. Thank you 🎉

    • @PrabhNair1
      @PrabhNair1  6 місяців тому

      Thanks a Lot Dear
      Keep supporting and Subscribe to Channel :)

  • @tolusurisrinivasyadav
    @tolusurisrinivasyadav Рік тому

    Great explanation

  • @joeladlani7266
    @joeladlani7266 2 роки тому +1

    thank you so much it is a good course to understand

  • @adeelayub5192
    @adeelayub5192 Рік тому +5

    Dear Prab,
    Hats off to you for giving such a magnificent and vibrant knowledge. Your valuable expression to outline the different topics are mind boggling and easy to understand.
    I got the admission in different institute in Pakistan but unluckily to get such lucrative information which you deliver in every video.
    I will keep praying you for having a bright future and have no worries in your life.
    Stay happy and always blessed.

    • @PrabhNair1
      @PrabhNair1  Рік тому

      Thank You so Much for Your Kind Words. Do subscribe to channel for more update :)

    • @adeelayub5192
      @adeelayub5192 Рік тому

      @@PrabhNair1 yes brother I have subscribed. secondly thanks for your worthy response. feel great honor for me. I have spent a lot of money taking admission to some institutes here but find as not as much I should do. every time I have to see your video for instance IP, Risk management content, and many more..please don't stop this wonderful support
      .

  • @rishid3624
    @rishid3624 2 роки тому +1

    Thanks for this information

  • @all1n115
    @all1n115 2 роки тому +1

    Very helpful, God bless you

    • @PrabhNair1
      @PrabhNair1  Рік тому

      Thank You so Much for Your Kind Words. Do subscribe to channel for more update :)

  • @Pareshrnjn1
    @Pareshrnjn1 26 днів тому

    Amazing 😍😍

  • @mahmoudalshami1557
    @mahmoudalshami1557 Рік тому

    Wow! you are unique really I'm happy to discover your channel

    • @PrabhNair1
      @PrabhNair1  6 місяців тому

      Thanks a Lot Dear
      Keep supporting and Subscribe to Channel :)

  • @prashantsawant4587
    @prashantsawant4587 Рік тому +1

    Thanks very much Prab, for this nice video. Very well explained step by step & in detail.,... Great, that you have covered the important Audit documents as well used during the Auditing ... This truly helps a lot ... Thanks again !

  • @fahmad2012
    @fahmad2012 2 роки тому +18

    5:27 Receive Assignment to audit Change Management process
    01> 05:38 Send Announcement letter
    02> 07:25 Plan the pre audit meeting and interview dept. personal
    09:27 & 09:49 Sent the ???????
    03> 10:20 Prepare Audit Plan Memorandum
    04> 12:19 Prepare Risk Control Matrix (Pre RCM)
    05> 13:14 Field Work 13:53 Collect the sample CISA technique
    06> 17:21 Prepare report final stage of audit
    07> 18:06 Prepare Risk Control Matrix (Post RCM)
    08> 18:21 Draft Audit Report from Post RCM
    09> 19:14 Share the first audit draft to IA manager or head
    10> 19:23 Share draft report to Auditee
    11> 19:35 Need action plan on findings from auditee with due date
    12> 20:33 Release the final Audit Report
    13> 21:12 Follow up on findings
    Prabh good work, please share some link to view the necessary documents format as well for freshers.

    • @PrabhNair1
      @PrabhNair1  2 роки тому

      Thanks bro

    • @fahmad2012
      @fahmad2012 2 роки тому

      @@PrabhNair1 Please mention what you have said at 09:27 & 09:49 as i mentioned in my comment

    • @PrabhNair1
      @PrabhNair1  2 роки тому +3

      @@fahmad2012 First of all for amazing timestamp and ( 09:27 & 09:49 ) talk about necessary documentation

    • @amansingh-zi1lp
      @amansingh-zi1lp Рік тому +1

      Do u have any personal classes for freshers rather than you tube videos bro

    • @mohdkhaledahmedmcschannel9995
      @mohdkhaledahmedmcschannel9995 Рік тому

      Bro please help me how to reach you

  • @80dakka
    @80dakka 2 роки тому +2

    Need more IS Auditing to be hands-on

  • @user-ox7md9xf7p
    @user-ox7md9xf7p 9 місяців тому

    Good 👍👍 keep making such videos very useful....

    • @PrabhNair1
      @PrabhNair1  6 місяців тому

      Thanks a Lot Dear
      Keep supporting and Subscribe to Channel :)

  • @msami8861
    @msami8861 Місяць тому

    Thanks Sir

  • @AnandWattal
    @AnandWattal 4 місяці тому

    Hello Prabh! Thanks for sharing this video!
    Have you created any video on ITGC controls? For a beginner what is ITGC and how to build a career in it?

  • @SathishRajS-hg3vu
    @SathishRajS-hg3vu Рік тому

    its a clear cut of explanation 👍👍

    • @PrabhNair1
      @PrabhNair1  6 місяців тому

      Thanks a Lot Dear
      Keep supporting and Subscribe to Channel :)

  • @Kibra150
    @Kibra150 Рік тому

    Thanks and it is excellent explanation on the internal audit process.

    • @PrabhNair1
      @PrabhNair1  Рік тому

      Thank You so Much for Your Kind Words. Do subscribe to channel for more update :)

    • @Kibra150
      @Kibra150 7 місяців тому

      Already subscribed and thanks.

  • @thekeshab2416
    @thekeshab2416 7 місяців тому

    Thanks sir.

  • @vishaldevrukhkar854
    @vishaldevrukhkar854 2 роки тому +2

    Thank you for covering internal audit. Would like to hear more from you on audit. Thank you again!

  • @sangeethan5527
    @sangeethan5527 2 роки тому

    Very good explanation

    • @PrabhNair1
      @PrabhNair1  Рік тому

      Thank You so Much for Your Kind Words. Do subscribe to channel for more update :)

  • @kesavankesa3934
    @kesavankesa3934 Рік тому

    Great session and very useful, looking for more sessions, trainings for internal auditing, thanks

  • @salumukamba2615
    @salumukamba2615 2 роки тому +1

    very good

  • @nirmal4886
    @nirmal4886 2 роки тому +3

    👌👌🙏. I don’t know how you mange time work,training,& social media…

  • @user-zx4pp8fp7x
    @user-zx4pp8fp7x 10 місяців тому

    GOOD

  • @jonthablaze1
    @jonthablaze1 Рік тому +1

    I am moving from a tax auditor to internal auditor type of role in government this was useful in understanding the IA steps. I hope to see more videos!

    • @PrabhNair1
      @PrabhNair1  Рік тому

      Very Soon Thank You so Much for Your Kind Words. Do subscribe to channel for more update :)

  • @mahmoudalshami1557
    @mahmoudalshami1557 Рік тому +1

    Do you have playlist for this treasure?

  • @rakeshch5724
    @rakeshch5724 6 місяців тому

    Please post a video on compliance.

  • @TechVaniOfficial
    @TechVaniOfficial 2 місяці тому

    Hi can i get the PPT or PDF for the same ;-)

  • @padigelavanya9186
    @padigelavanya9186 2 роки тому +3

    Hi sir I am new to IT audit please do videos on concepts and terminology how to do auditing really like practically show
    I have 0 knowledge on IT audit but by seeing your video I got some idea in internal.audit
    I request you to do more videos really how an auditor face issues in IT field

    • @PrabhNair1
      @PrabhNair1  2 роки тому

      My suggestion start with understanding iso27001 standard

  • @ashutoshverse
    @ashutoshverse 2 роки тому +1

    Great content Prabh, can we have another video on control/ domains testing, would be very helpful for someone who wants to learn control testing.

  • @zuiokopl2256
    @zuiokopl2256 2 роки тому +4

    Now this is somthing useful. Can we have series like this for ISO27001 and demo templates for demo company audit and implementation?

    • @PrabhNair1
      @PrabhNair1  2 роки тому

      Sure :)

    • @sssomendra
      @sssomendra 2 роки тому

      Prabh Nair sir..
      When we will have series on ISO 27K1 and CISA if have any Please share with me.
      Thanks in advance ☀️

  • @cupiid4
    @cupiid4 2 місяці тому

    Sir could you please cover ITAC audit approach step by step will with dummy data like the reports, work papers and examples

  • @midhun8117
    @midhun8117 2 роки тому +1

    Hi Prabh....thank you for this video..could you please provide some sessions on Third Party Risk Management with some real scenarios. Thank you

  • @AkhilNikhila
    @AkhilNikhila 8 місяців тому

    Hi anna, can you explain about controls in Audit

  • @artiadwani4839
    @artiadwani4839 2 роки тому +10

    Please post a video on risk assessment and management process too.

  • @somaramesh3290
    @somaramesh3290 Рік тому

    Please share related vidoes on this internal audit

  • @nitinkanchancs
    @nitinkanchancs 7 місяців тому

    One quick question if sop contains the name of a person who is nomore with organisation , but process is same and not changed . Do they need to updated the Sop

  • @samu4319
    @samu4319 Рік тому +3

    Can you train someone to become an auditor?

  • @80dakka
    @80dakka 2 роки тому +1

    Very useful explain , but what kind of app you’re using for draft report ( action plan) read and write area ?? MS word? Adobe??

  • @harinithota2337
    @harinithota2337 Місяць тому

    how to identify the system which is inscope for audit?

  • @sangamp6292
    @sangamp6292 Місяць тому

    I am into Change Managament and want to move into this role. Kindly advice how do i do it

  • @joeladlani7266
    @joeladlani7266 2 роки тому +1

    Is there something specific about audit and ERP Governance? Thank you.

  • @Ad000121
    @Ad000121 Рік тому +3

    Excellent work I'm currently learning NIST 800 standard. Do you have a audit case study with evidence on how you conducted a audit . It would be really helpful

    • @PrabhNair1
      @PrabhNair1  Рік тому

      Thank You so Much for Your Kind Words. Do subscribe to channel for more update :)

  • @ashrafsultana1719
    @ashrafsultana1719 9 місяців тому

    Pls. Make video of internal audit of an npo

  • @sankarramu7730
    @sankarramu7730 10 місяців тому

    How to conduct Data Centre audit. Please explain in detail like BCP audit video

  • @chisomokavina107
    @chisomokavina107 10 місяців тому

    the course has details that i think would partly help me prepare for PECB 28000 Lead auditor exams

    • @PrabhNair1
      @PrabhNair1  6 місяців тому

      Thanks a Lot Dear
      Keep supporting and Subscribe to Channel :)

  • @tennismantra5459
    @tennismantra5459 Рік тому

    Prabh where is TOD and TOE in this ? Can you make a video on that pls

  • @syedsiddiq4450
    @syedsiddiq4450 26 днів тому

    Is IT AUDIT at risk due to automation? Please reply.

  • @himanshu5948
    @himanshu5948 Рік тому

    Great Learning Prabh Nair.
    Can u pls make a video on Internal Audit of a company in Process and Utilities industry.
    Thanks😊

    • @PrabhNair1
      @PrabhNair1  Рік тому

      Sure Thank You so Much for Your Kind Words. Do subscribe to channel for more update :)

  • @abiolaireti4354
    @abiolaireti4354 2 роки тому +3

    What is RFC pls

  • @amitthagar6093
    @amitthagar6093 Рік тому

    How to do call centre audit some banking process

  • @nityalaya719
    @nityalaya719 Рік тому

    what were the first two lines of defence sir...third one is audit ok

  • @muthukumars7016
    @muthukumars7016 Рік тому

    Hello can you do session on how Audit was /is done on hybrid model? Considering Covid situation.. and has it made impact for good or bad.?

  • @sireeshapatnana2739
    @sireeshapatnana2739 Рік тому

    auditor conducted internal audit TOD is failed what happened sir in this process TOE is conducted or not

  • @Andynaik0273
    @Andynaik0273 2 роки тому +1

    Risk management process, and assessment

  • @arkapravachatterjee6214
    @arkapravachatterjee6214 2 роки тому +1

    sir can you make a video on INFORMATION TECHNOLOGY GENERAL CONTROL.

  • @chimesmusic356
    @chimesmusic356 2 роки тому +2

    Hi prabh - ive been working on external audit. So please excuse me if im wrong and correct me
    As per my understanding controls and relevant attributes will be already designed by the auditee management (change management head in this case) to cover up the risk and the auditors actually test if these attributes are met during test of design and op effectiveness. To my knowledge risks controls and attributes are not prepared by the auditors but by the auditee management as per the existing sop docs etc.dunno if in internal audit its the other way round. Please correct me if im wrong

    • @PrabhNair1
      @PrabhNair1  2 роки тому +4

      Hey Nitin you are absolutely right auditee prepares a control matrix but that is applicable when you are doing assurance audit and compliance.Internal audit perspective is completely difference because these audit are not based on any external standard that is why rcm prepare by internal auditor based on that they did audit and If internal auditor is depend on rcm of the auditee then objective does not met

    • @robinsingh2756
      @robinsingh2756 2 роки тому +3

      @@PrabhNair1
      Want to add something
      RCM is drafted by Auditor in line with the identified key potential risk post kick-off call with process owner and understanding biz processes and using D.A......and exisiting controls put in by management to address the identified risks, being auditor we test the same on basis of the assertion level, controls design and op effectiveness (TOD & TOE).
      Also we categorise the control Frequency, it's nature(P OR D)

    • @nigeladjei-mensah2564
      @nigeladjei-mensah2564 Рік тому

      @@PrabhNair1 , may I please suggest that you clarify in your videos which perspective you're coming from and why the Internal Auditor's perspective may be different from External Auditor perspective. That way, folks don't mumble the two and get confused. Your videos are absolutely OUTSTANDING!! Thanks a good bunch.

  • @salumukamba2615
    @salumukamba2615 2 роки тому +2

    Hello, I sign a new contract for working in the compliance but I do not where to start. please help me the guidance. Thanks

    • @PrabhNair1
      @PrabhNair1  Рік тому

      Start with buidness requrement Thank You so Much for Your Kind Words. Do subscribe to channel for more update :)

  • @kishore4943
    @kishore4943 10 місяців тому

    Thank you very much sir for the session. I have a small additional request from my end sir i.e. Description of Industry specific internal audit programme will be too good for understanding in depth.

    • @PrabhNair1
      @PrabhNair1  6 місяців тому

      Sure . Thanks a Lot Dear
      Keep supporting and Subscribe to Channel :)

  • @vasuraj9826
    @vasuraj9826 9 місяців тому

    Internal audit has future and job security please tell me sir

  • @sattarjabbar4121
    @sattarjabbar4121 Рік тому

    Next week I have test for iso

  • @kyunchahiye9680
    @kyunchahiye9680 2 роки тому +1

    Sir,please do a video about the third party rism management or vendor risk management.Please please please sir.Please sir.

  • @TheCANexus
    @TheCANexus 11 місяців тому +1

    Is there an internal auditor of accounts i.e transaction record and purchase sales bills also?? MATLAB alag se ..
    Or is it internal auditor in finance. Are both different?
    What is difference

    • @PrabhNair1
      @PrabhNair1  6 місяців тому

      Thanks a Lot Dear
      Keep supporting and Subscribe to Channel :)

  • @80dakka
    @80dakka 2 роки тому +1

    Hello, can i ask if there are internships in India with your customers and with your company? IS Audit?

    • @PrabhNair1
      @PrabhNair1  Рік тому

      Need to check .Thank You so Much for Your Kind Words. Do subscribe to channel for more update :)