Course OverviewFor internal employees who want to understand and expand their roles related to financial reporting, as well as those who simply need a refresher on financial accounting, this course is the ideal way to get up to speed. By exploring concepts that go beyond basic accounting, this course will enable participants to approach financial auditing with renewed confidence.
The programme will walk participants through an analysis of an organization’s financial statements using case study exercises, where participants will calculate key ratios and analyze trends over time. Engaging in discussions on both historic and current fraud cases, participants will learn how to recognize “red flags” in financial statement reporting.
Training DurationTotal Training Hours : 30 Hours
Training Duration : 1 Week
Total Training Days : 5 Working Days
Training SchedulesWeekdays (Sunday to Thursday)
Regular Sessions : 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm)
Food & refreshments Included

WeekEnds (Friday & Saturday)
Fast Track Sessions: 8 Hours per day (9am to 5pm)
Food & refreshments Included
Certifications:1) Certificate from Laurels Training Institute, Attested by Knowledge & Human Development Authority (KHDA) government of Dubai, UAE

2) Certificate from American Institute of Professional Studies (AIPS) from USA (After 15 Days of course Completion which will couriered to the attendees office address)
Learning AidsYes
Course MaterialHard & Soft Copies of Study Material
Language of InstructionEnglish
Instructor HelplineYes
1. Email
2. Social Media (For Emergency requirements)
Registration Requirements1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
Mode of Payment:Cash / Cheque / Credit Card / Bank Transfer.
Eligibility Criteria
(Who should attend this training)

• Beginning auditors, with up to one year's experience in internal auditing.

• Non-auditors who are responsible for implementing and monitoring effectiveness of business-controls.

• Financial, Operational, IT and External Auditors

• Audit Managers

• Corporate Attorneys

• Information Security professionals
Course Benefits

• Perform an operational audit

• Contribute greater value to audits

• Communicate more effectively with audit customers/clients

• Understand your strengths and opportunities for future development

• Become more efficient and effective in conducting audits

• Understand when to seek assistance in audit areas of limited knowledge, skills and abilities
Course Contents / Outline

The following aspects will be covered for each business process:

• Planning, risks assessment and controls mapping

• Applying the COSO framework in assessing adequacy of controls

• Identifying what are the risks associated with each process and the risk mitigation activities and controls

• Appreciation of integrated audits that considers both manual and automated controls.

• Assessing the effectiveness of controls and design of audit programmes

• Common control weaknesses and recommended best practices

• Identify and share 10 important knowledge, skills, and abilities each auditor needs for success

• Discuss and provide examples of independence and objectivity issues and the impact to audits

• Understand why auditors must demonstrate high ethical conduct and professionalism to be effective

• Review and learn the required standards and strongly recommended guidance

• Provide risk management framework examples for application/use in identifying organizational risks

• Identify and discuss key certifications held by auditors and how achieving these increase auditor credibility, knowledge and opportunities for promotion

• Understand/learn the importance of continuous learning and how your career can be impacted in a positive manner

• Discuss how business acumen facilitates auditor effectiveness and methods to develop your business/industry knowledge

• Review the importance of competent, sufficient, relevant, useful and persuasive audit evidence

• Learn working paper leading practices to promote audit efficiency/effectiveness

• Discuss the meaning and application of professional judgment

• Identify the types of evidence and discuss methods, techniques and tools to gather information to support audit objectives/results

• Provide an overview of how to use critical thinking in audits including root cause analysis

• Identify and share auditor tools and techniques

• Learn how to perform and practice interviews including the resulting audit follow-up work

• Understand the audit planning steps and their importance to an audit's success

• Review the fieldwork steps and focus on the importance of test work

• Summarize the audit results and communicate effectively with management

• Review the process to develop audit objectives and audit programs that identify the primary risk areas based on the allocation of limited audit hours

• Practice key elements of the audit process

• Understand what risk-based auditing entails and what steps need to be followed to perform a risk-based audit

• Share and analyze productivity approaches and decide which ones work best for you

• Provide a high-level overview of audit's role in governance, risk management, control processes, fraud prevention/detection, IT audit and consulting

• Identify audit's primary stakeholders and the importance of determining you meet their needs/expectations

• Learn to build relationships with audit customers and the positive impact it can have on internal audit and potentially your career

• Understand the risk between annual risk assessment and engagement planning

• Learn to better communicate with audit customers and audit team members


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