ISO 55001 Internal Auditor Training Overview

ISO 55001 Internal Auditor Training Course Outline

Module 1: Introduction to ISO 55001

  • Introduction
  • Scope
  • Normative Reference
  • Terms and Definitions

Module 2: Asset Management System (AMS)

  • What is 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

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Who should attend this ISO 55001 Internal Auditor Training Course? 

The ISO 55001 Internal Auditor Training Course is designed to provide participants with the skills and knowledge needed to conduct internal audits on an organisation's Asset Management System, based on the ISO 55001 Standard. Here are the individuals who might benefit from attending an ISO 55001 Internal Auditor Training Course:

  • Asset Managers
  • Existing Internal Auditors
  • Operational Managers
  • Maintenance Managers
  • Quality Assurance Professionals
  • Management Representatives
  • Consultants
  • Project Managers

Prerequisites of the ISO 55001 Internal Auditor Training Course

There are no formal prerequisites for attending this ISO 55001 Internal Auditor Training Course. 

ISO 55001 Internal Auditor Training Course Overview

ISO 55001 is an international standard that specifies the need to establish, implement, maintain, and improve management systems for asset management. An asset management system is a method that an organisation uses for managing entire assets within an organisation. An internal auditor is responsible for assessing the risk of an organisation, identifying shortfalls in the process, and ensuring the organisation is complying with relevant laws. The main aim of this training programme is to equip aspiring candidates with the standard ISO 55001 on asset management and the skills required to perform an internal audit. Holding the knowledge of asset management with ISO 55001 and the skills of internal asset audit will enable individuals to get the desired designations as an internal auditor and other higher prospects.

This 2-day ISO 55001 Internal Auditor Training course provides delegates with the core concepts of internal auditing and how to perform it. While attending this training course, delegates will attain an understanding of asset management systems that manage all the assets within an organisation. They will also understand asset auditing, which assesses the effectiveness and adequacy of internal controls over assets. Our highly skilled instructor with years of teaching experience will conduct this session and become familiar with asset management and auditing.

Course Objectives

  • To assess an organisation’s ability to meet regulatory and legal requirements
  • To lay the groundwork for an audit plan and execution in an internal audit
  • To learn how assets can be kept safe from unauthorised access and theft with auditing
  • To create a long-term plan of internal audit using a strategic audit plan
  • To assess and mitigate risks with a more actionable annual audit plan
  • To locate and confirm the accuracy of an organisation's asset list

At the end of this training course, delegates will be able to perform internal asset auditing for locating, counting, and validating a company’s assets. They will also be able to manage assets from remote locations and provide information on the assets' lifecycle.

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What’s included in this ISO 55001 Internal Auditor Training Course?

  • World-Class Training Sessions from Experienced Instructors
  • ISO 55001 Internal Auditor Training Certificate
  • Digital Delegate Pack

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ISO 55001 Internal Auditor Exam Information 

To achieve the ISO 55001 Lead Auditor Training, candidates will need to sit for an examination. The exam format is as follows: 

  • Question Type: Multiple Choice 
  • Total Questions: 30 
  • Total Marks: 30 Marks 
  • Pass Mark: 50%, or 15/30 Marks 
  • Duration: 40 Minutes  

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Why choose us

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led ISO 55001 Internal Auditor Training. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's ISO 55001 Internal Auditor Training, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Experience the most sought-after learning style with The Knowledge Academy's ISO 55001 Internal Auditor Training. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led ISO 55001 Internal Auditor Training sessions.

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Highly experienced trainers

Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience

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State of the art training venues

We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible

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Small class sizes

Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment

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Great value for money

Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value

Streamline large-scale training requirements with The Knowledge Academy’s In-house/Onsite ISO 55001 Internal Auditor Training at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

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Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

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Team building opportunity

Our ISO 55001 Internal Auditor Training offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

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Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

What our customers are saying

ISO 55001 Internal Auditor Training FAQs

ISO 55001 is an international standard that specifies the need to establish, implement, maintain, and improve management systems for asset management.
There are no formal prerequisites for attending this ISO 55001 Internal Auditor Training course.
This course is designed for everyone who wishes to gain knowledge of asset management systems through the ISO 55001 standard and internal auditing.
An asset management system is a method that an organisation uses for managing the entire tangible or intangible assets within an organisation.
A good asset management system offers the ability to monitor and track every asset in the organisation, identify and manage assets from remote locations, and plan maintenance schedules for each asset.
Risk management skills, problem-solving skills, accounting experience, project management skills, communication skills, leadership skills, and data analytics are the skills required to be an internal auditor.
In this ISO 55001 Internal Auditor Training course, you will learn about ISO 55001, asset management systems, types of asset management, the context of an organisation, leadership, asset lifecycle, internal auditing, audit planning, asset auditing, and other interesting topics related to ISO 55001.
The training fees for ISO 55001 Internal Auditor Training certification in Belgium starts from €1995
The Knowledge Academy is the Leading global training provider for ISO 55001 Internal Auditor Training.
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Resources are included for a comprehensive learning experience.

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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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ISO 55001 Internal Auditor Training in Belgium

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