ISO 55001 Internal Auditor Training

The ISO 55001 Internal Auditor Course provides practical training on auditing Asset Management Systems in line with ISO 55001 standards. Ideal for professionals involved in asset management, maintenance, or quality, this course builds the skills needed to assess, improve, and report on compliance with ISO 55001 requirements. 

Key Topics Covered 

• Overview of ISO 55001: Scope, terminology, and structure 

• Asset Management Principles: Risk-based thinking and lifecycle approach 

• Internal Audit Process: Planning, conducting, reporting, and follow-up 

• Audit Roles and Responsibilities: Competencies, ethics, and communication 

• Continual Improvement: Identifying non-conformities and corrective actions 

Course Benefits 

• Globally Recognised Credential: Build credibility as an ISO 55001 auditor 

• Professional Growth: Perfect for asset managers, engineers, and auditors 

• Practical Learning: Includes case studies and audit simulations 

• Versatile Knowledge: Applicable across multiple asset-intensive industries 

The ISO 55001 Internal Auditor Training Course is designed to provide delegates 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 

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

By the end of the course, learners will be able to:

• Plan and perform ISO 55001 internal audits with confidence
• Assess asset management systems for compliance and effectiveness
• Document audit findings and suggest practical improvements
• Understand the auditor’s role in driving asset performance
• Align internal audits with organisational asset strategies

To achieve the ISO 55001 Internal 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