Course Title: Internal Audit and Control Systems in Kenyan SACCOs

Duration: 5 Days (Full-Time)

Target Group: Internal auditors, audit committee members, SACCO management, finance officers, board members

1. Executive Summary

This training course is designed to equip SACCO internal auditors, audit committees, and management staff with the knowledge and skills necessary to establish robust internal control systems, conduct effective audits, and enhance accountability and transparency within SACCOs. The course combines theoretical knowledge with practical exercises and real-world case studies from Kenyan SACCOs.

2. Course Objectives

By the end of the training, participants will be able to:

1. Understand the role of internal audit and control systems in SACCO governance.

2. Apply risk-based audit techniques in SACCO operations.

3. Evaluate internal controls and recommend improvements.

4. Conduct compliance audits in line with SASRA and Co-operative Societies Act requirements.

5. Enhance accountability, transparency, and fraud prevention mechanisms.

3. Expected Learning Outcomes

Participants will be able to:

1. Explain the mandate and functions of internal audit within SACCOs.

2. Develop and implement effective internal control frameworks.

3. Identify audit risks and propose mitigation strategies.

4. Perform audits of financial, operational, and compliance processes.

5. Prepare audit reports and present actionable recommendations to the board.