Internal Audit Training – Nepal Focused Program

Internal Audit Training

Nepal-focused program covering internal audit principles, practices, and compliance for various sectors

Nepal-Focused

Tailored to Nepalese laws, regulations, and business practices

Sector-Specific

Covering banking, manufacturing, NGOs, and government entities

ICAN Compliant

Aligned with ICAN standards and Nepalese regulatory requirements

Course Curriculum

1Introduction to Internal Audit in Nepal

Concept, Objectives & Importance of Internal Audit
Internal vs. External Audit (as per ICAN guidelines)
Role of Internal Auditor in Nepalese Organizations
Legal Framework for Internal Audit in Nepal (Company Act, Banking & Financial Institutions Act, ICAN standards)

Learning Outcomes

  • Understand internal audit’s scope in Nepalese organizations
  • Comply with ICAN and Nepali regulatory requirements
  • Differentiate internal audit practices from statutory audit

2Nepalese Laws, Tax & Compliance

Nepal Tax Laws (VAT, TDS, Corporate Income Tax, Excise, Customs)
IRD Regulations & Return Filing
Compliance with Company Act & Labor Laws
NRB Regulations for Banks & Financial Institutions
Practical Case Studies on Non-Compliance in Nepal

Learning Outcomes

  • Ensure compliance with Nepal’s tax and regulatory laws
  • Identify legal risks in financial records
  • Audit financial transactions as per IRD and NRB guidelines

3Internal Control & Risk Management (Nepal Context)

Internal Control Framework for Nepali Businesses
Risk-Based Internal Audit (RBIA)
Fraud Detection & Prevention in Nepalese Companies
Control Testing for Cash, Inventory, and Payroll
Case Studies on Control Weaknesses in Nepalese Firms

Learning Outcomes

  • Assess control systems in Nepali companies
  • Detect fraud, misuse of funds, and operational weaknesses
  • Recommend improvements to strengthen governance

4Audit Process & Techniques

Audit Planning & Preparation of Audit Program
Evidence Collection & Sampling Techniques
Documentation & Working Papers (Nepali Audit Practice)
Field Work & Transaction Testing
Drafting Observations & Recommendations

Learning Outcomes

  • Plan and execute an internal audit step-by-step
  • Collect audit evidence as per Nepali audit standards
  • Prepare working papers and audit observations

5Sector-Specific Internal Audit (Nepal)

Audit of Banks & Financial Institutions (NRB Directives)
Audit of Manufacturing & Trading Companies
Audit of NGOs/INGOs & Donor-Funded Projects
Audit of Government & Public Enterprises
Case Studies from Nepali Organizations

Learning Outcomes

  • Conduct internal audits across major sectors in Nepal
  • Apply NRB, IRD, and donor compliance requirements
  • Understand sector-specific risks and audit methods

6IT & Accounting Software Audit (Nepal Usage)

Internal Audit of Accounting Software (Swastik, Busy, Tally, QuickBooks, Xero)
IT General Controls (User Access, Data Backup, Cybersecurity)
Auditing VAT & TDS Reports Generated from Software
Detecting Manipulation or Errors in Digital Systems

Learning Outcomes

  • Audit digital accounting systems widely used in Nepal
  • Verify authenticity of VAT/TDS reports from software
  • Identify IT-related audit risks

7Reporting & Communication

Preparing Internal Audit Reports (as per ICAN & NRB formats)
Communicating Findings to Management & Audit Committee
Corrective Action Recommendations
Follow-up and Monitoring of Audit Results

Learning Outcomes

  • Draft professional audit reports tailored for Nepali companies
  • Communicate findings clearly to management and boards
  • Ensure corrective actions are implemented effectively

8Practical Assignments & Case Studies

Simulated Internal Audit of a Trading Business (VAT/TDS focus)
Audit of a Manufacturing Firm (Inventory, Payroll, Tax Compliance)
Audit of a Bank or Cooperative (Loan Files, NRB Directives)
Audit of NGO/INGO (Donor Compliance, Fund Utilization)

Learning Outcomes

  • Apply audit knowledge to real Nepali business scenarios
  • Conduct end-to-end audits independently
  • Build confidence in handling practical audit work

9Career & Professional Development (Nepal Focus)

Skills Required for Internal Auditors in Nepal
Scope of Internal Audit in Nepalese Corporates, Banks & NGOs
Career Growth with ICAN & Other Audit Certifications
Ethical Standards for Internal Auditors in Nepal

Learning Outcomes

  • Build a career as an internal auditor in Nepal
  • Recognize opportunities in banks, insurance, corporates, and NGOs
  • Follow ethical and professional standards in practice

Final Course Outcome

Participants will be able to conduct internal audits in Nepalese companies, banks, NGOs, and manufacturing/trading businesses, ensuring compliance with Nepal laws, IRD, NRB, and ICAN guidelines.

Instructor

Learn From Audit Experts

Our instructors are certified internal audit professionals with extensive experience in Nepalese regulatory compliance. They have conducted audits across various sectors including banking, manufacturing, NGOs, and government entities, and are well-versed in ICAN standards and Nepalese legal requirements.

Course Benefits

Nepal-Focused

Specifically designed for the Nepalese regulatory environment

Sector Diversity

Covers multiple industry sectors with specific audit approaches

Software Audit Skills

Learn to audit popular accounting software used in Nepal

Career Advancement

Grow your career in the high-demand field of internal audit

Become a Certified Internal Auditor

Join our comprehensive Internal Audit Training program and develop the skills needed to excel in Nepal’s regulatory environment.

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