Approaches to Financial Auditing

For internal auditors who want to understand and expand their roles related to financial reporting, as well as those who simply need a “refresher” course on financial accounting concepts, this seminar is the ideal way to get up to speed. Beyond a basic accounting class, this course will enable participants to approach financial auditing with renewed confidence.

CONTENT

• Accounting and Auditing Review
• Define Key Accounting Terms and Understand Accounting Rules, Equations and Basics
• Identify the Basic COSO Principles of Internal Control, Including Key Controls
• Identify Finance-Related Management Assertions and Learn How to Utilize them
• Financial Statements – An Overview
• Identify Financial Statements
• Identify the Purpose and Use of a Financial Balance Sheet and Income Statements 
• Business Processes and Accounting
• Identify the Difference between Management and Financial Auditing
• Identify the Basic Elements of an Accounting Scandal (Fraud)
• Understand the Use of Analytical Procedures in Fraud Detection
• Technology and Accounting
• Understand the Risks Associated with End User Computing
• Understand How Spreadsheets are Used within Business
• Identify what Enterprises Resource Planning (ERP) is and how it is used within a business

FOR WHOM:

Internal Auditors desirous of adopting modern internal auditing techniques in their workplace.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.