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Course Information

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

  • 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
  • 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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Prerequisites

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

Audience

This course is designed for everyone who wishes to gain knowledge of asset management systems through the ISO 55001 standard and internal auditing.

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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  • Delegate pack consisting of course notes and exercises
  • Courseware
  • Experienced Instructor

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Why choose us

Ways to take this course

Our easy to use Virtual platform allows you to sit the course from home with a live instructor. You will follow the same schedule as the classroom course, and will be able to interact with the trainer and other delegates.

Our fully interactive online training platform is compatible across all devices and can be accessed from anywhere, at any time. All our online courses come with a standard 90 days access that can be extended upon request. Our expert trainers are constantly on hand to help you with any questions which may arise.

This is our most popular style of learning. We run courses in 1200 locations, across 200 countries in one of our hand-picked training venues, providing the all important ‘human touch’ which may be missed in other learning styles.

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Highly experienced trainers

All our trainers are highly qualified, have 10+ years of real-world experience and will provide you with an engaging learning 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

We limit our class sizes to promote better discussion and ensuring everyone has a personalized experience

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Great value for money

Get more bang for your buck! If you find your chosen course cheaper elsewhere, we’ll match it!

This is the same great training as our classroom learning but carried out at your own business premises. This is the perfect option for larger scale training requirements and means less time away from the office.

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Tailored learning experience

Our courses can be adapted to meet your individual project or business requirements regardless of scope.

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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

This gives your team a great opportunity to come together, bond, and discuss, which you may not get in a standard classroom setting.

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Monitor employees progress

Keep track of your employees’ progression and performance in your own workspace.

What our customers are saying

ISO 55001 Internal Auditor Training FAQs

FAQ's

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 Knowledge Academy is the Leading global training provider in the world for ISO 55001 Internal Auditor Training.

Why choose us

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Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

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Many delivery methods

Flexible delivery methods are available depending on your learning style.

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High quality resources

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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