Introduction to Internal Audit of Shipping Companies -an internal control approach
How a shipping company works and what risks and controls each department should have as a minimum in their framework.
• Useful insights from shipping industry and many practical examples in the class associated with financial, operating and compliance controls.
• Full knowledge how a shipping company works and which robust internal control framework to use.
• The rotation of all departments will further enhance the participants’ knowledge and will assist them in their risk based audit approach
During the course, the trainer will make an introduction in ship- ping industry and will present the benchmark practice of internal control frameworks that are applied in most shipping organizations.
Further, the trainer will divide the audit universe and present each department of a shipping company analyzing the units’ objectives, responsibilities, risks identified and control procedures that should be followed to provide reasonable assurance to the company’s management.
The workshop will include many practical examples as the train- er incorporates long accumulated experience and his maritime training on board (training voyage from Gibraltar to Odessa with a bulk carrier) that makes him capable of delivering the course from shipping insight with more efficient and productive way.
Teaching & Learning Methods
- Classroom activities: teaching and presentations