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Overview

The ISO 55001 Internal Auditor Training is designed for professionals in asset management, focusing on auditing practices to enhance organisational efficiency. Internal auditing ensures compliance with ISO 55001 standards, fostering continual improvement in asset management systems.

The course provides in-depth knowledge of auditing principles, audit planning, reporting, and corrective actions. Delegates learn how to identify asset management risks, improve processes, and support business goals through robust auditing practices.

This 4-Day course by MPES offers an interactive learning experience with real-world case studies and practical exercises. It is ideal for professionals aiming to advance their careers by becoming certified internal auditors for ISO 55001.

 

Course Objectives

  • Develop a comprehensive understanding of ISO 55001 asset management principles
  • Master auditing techniques for internal asset management system audits
  • Conduct effective audits, from planning to reporting and corrective action implementation
  • Identify asset management risks and opportunities for process improvements
  • Ensure asset lifecycle optimisation through compliance with ISO 55001 standards
  • Collaborate effectively with teams to ensure audit findings drive improvement

Upon completion, delegates will have the skills needed to lead internal audits, improve asset management processes, and ensure compliance with ISO 55001, supporting organisational success. 

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Course Includes

Course Details

Develop your understanding of essential financial, business and management accounting techniques with ACCA Applied Knowledge. You'll learn basic business and management principles and the skills required of an accountant working in business.

Entry Requirements

    • Professional Background: Candidates should have experience in asset management, quality management, or auditing roles. A basic understanding of ISO standards is recommended. 

    • Language Proficiency: Learners should have a strong command of English, as course content, discussions, and assessments are delivered in English. 

    • Interest in Asset Management: This course is ideal for individuals seeking to advance their careers in asset management, ensuring operational excellence through robust auditing. 

Learning Outcomes

    • Master Internal Audit Practices: Learn how to perform comprehensive internal audits aligned with ISO 55001 requirements. 

    • Improve Audit Reporting Skills: Understand how to create precise, actionable audit reports for asset management systems. 

    • Enhance Risk-Based Auditing: Identify potential risks in asset management processes and propose corrective actions. 

    • Manage Audit Projects: Plan, execute, and manage internal audit activities effectively, ensuring compliance with deadlines. 

    • Implement Continuous Improvement: Drive process improvements through data-driven audit findings and corrective measures. 

    • Evaluate Audit Effectiveness: Assess audit outcomes, refine auditing strategies, and ensure continual improvement in asset management systems. 

Target Audience

    The ISO 55001 Internal Auditor Training is ideal for professionals involved in asset management or auditing roles, including:

    • Asset Managers
    • Internal Auditors
    • Quality Assurance Managers
    • Maintenance Managers
    • Compliance Officers
    • Risk Managers
    • Operations Managers
    • Consultants and Advisors

Course content

    Module 1: Introduction to ISO 55001

    • Introduction
    • Scope
    • Normative Reference
    • Terms and Definitions

     

    Module 2: Asset Management System (AMS)

    • What is an Asset Management System?
    • Importance of Asset Management
    • How Does Asset Management Work?
    • Why Use an Asset Management System?
    • Developing a Strategic Asset Management Plan
    • Benefits of Asset Management

     

    Module 3: Types of Asset Management

    • Financial Asset Management
    • Enterprise Asset Management
    • Infrastructure Asset Management
    • IT Asset Management
    • Digital Asset Management
    • Software Asset Management

     

    Module 4: Context of the Organisation

    • Understanding the Organisation and its Context
    • Understanding the Needs and Expectations of Stakeholders
    • Determining the Scope of the Asset Management System
    • Asset Management System

     

    Module 5: Leadership

    • Leadership and Commitment
    • Policy
    • Organisational Roles, Responsibilities, and Authorities

     

    Module 6: Asset Lifecycle

    • Introduction
    • Planning
    • Acquisition
    • Operation and Maintenance
    • Disposal

     

    Module 7: Asset Management Terminology

    • Asset
    • Asset Usage
    • Asset Reuse
    • Robust Asset
    • Reusable Asset
    • Ad-Hoc Reuse
    • Engineered Reuse

     

    Module 8: Internal Audit

    • Introduction
    • Internal Auditor (IA)
    • Internal Audit Process
    • Types of Internal Audit
    • Internal Audit Functions
    • Internal Auditor Vs External Auditor

     

    Module 9: Audit Planning

    • Planning Process
    • Audit Universe
    • Risk Assessment Methodology
    • Strategic Audit Plan
    • Annual Audit Plan
    • Execution
    • Audit Engagement
    • Audit Objectives and Scope
    • Audit Program and Working Papers
    • Assessment, Evidence, and Supervision
    • Closing Meeting
    • Reporting

     

    Module 10: Asset Auditing

    • What is Assets Auditing?
    • Objective of Asset Auditing
    • How to Perform an Asset Audit?
    • Benefits of Asset Auditing

MPES Support That Helps You Succeed

At MPES, we offer comprehensive support to help you succeed in your studies. With expert guidance and valuable resources, we help you stay on track throughout your course.

  • MPES Learning offers dedicated support to help you succeed in Accounting and Finance courses.
  • Get expert guidance from tutors available online to assist with your studies.
  • Check your eligibility for exemptions with the relevant professional body before starting.
  • Our supportive team is here to offer study advice and support throughout your course.
  • Access a range of materials to help enhance your learning experience. These resources include practice exercises and additional reading to support your progress.

Career Growth Stories

MPES Learning offers globally recognised courses in accounting,

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Have Questions? We’ve Got You

If you have any questions, we’re here to help. Find the answers you need in the MPES detailed FAQ section.

Q. What is the primary focus of the ISO 55001 Internal Auditor Training?

The course equips professionals with auditing skills specific to ISO 55001 asset management systems. It covers audit planning, execution, reporting, and improvement processes, enabling professionals to ensure compliance and operational efficiency. 

Q. What will I learn during the training?

Delegates will gain expertise in audit planning, conducting audits, reporting findings, and implementing corrective actions. The course also covers risk-based auditing and process improvement techniques to support asset management goals. 

Q. Who is this course intended for?

This course is ideal for asset managers, internal auditors, and professionals in asset-intensive industries seeking to advance their careers by becoming certified internal auditors for ISO 55001. 

Q. Will this training provide practical experience with auditing tools?

Yes, the course includes practical exercises, case studies, and real-world scenarios that allow learners to apply auditing techniques and best practices. 

Q. How does this course benefit my career in asset management?

The training enhances auditing and process improvement skills, making you a valuable asset to your organisation. It opens career advancement opportunities, including leadership roles in asset management, compliance, and operations. 

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Resources

Access a wide range of free resources to support your learning journey. From blogs to news and podcasts, these valuable guides are available at no cost to help you succeed.

Course Schedule

£4995

ISO 55001 Internal Auditor Training

10th June 2024

11th June 2024

(2 days)

DELIVERY METHOD

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4th November 2024

5th November 2024

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DELIVERY METHOD

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Mon 15th Jan 2024

Tue 16th Jan 2024

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DELIVERY METHOD

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Mon 11th Mar 2024

Tue 12th Mar 2024

Duration - 2 Days

DELIVERY METHOD

Virtual

£1795

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Mon 1st Jul 2024

Tue 2nd Jul 2024

Duration - 2 Days

DELIVERY METHOD

Virtual

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Mon 25th Nov 2024

Tue 26th Nov 2024

Duration - 2 Days

DELIVERY METHOD

Virtual