Accounting and Auditing

Accounting and Auditing
  • 8 weeks Online
  • 1 to 4 Weeks Classroom
  • 303 Student Enrolled
4.7 3987 Views

Course Overview

Modern day internal audit is energetic and electrifying, adding real value to the organisation and operating at the highest levels. The reputation of many audit functions is soaring – it is increasingly recognised as a catalyst for change and a business partner. As a consequence of this, internal auditors have to have the full range of knowledge and skills to ensure that they can carry out their function at world class levels.

The success of any organisation, whether in the public or private sector, relies on strong financial management and suitably skilled accounting staff. This need, coupled with the current shortage of suitably skilled individuals at the accounting technician level, makes this area ripe with career opportunities.

Course Outcomes

  • Understand the internal audit process; 
  • Understand the different tools and techniques to be used by the internal auditor during the internal auditing process; 
  • Be able to specify different findings of the audit performed; 
  • Understand and be able to apply statistical sampling techniques and other quantitative methods; 
  • Be able to write an audit report, do follow-ups and communicate with other parties according to IIA standards; 
  • Understand general and application controls in an information technology environment; 
  • Perform an audit of computer programs and data files; and
  • Understand audit relationships, be able to manage an audit function and quality assurance reviews.
  • Understand three most common financial statements: the income statement, balance sheet, and statement of cash flows
  • Master the technical skills needed to analyze financial statements and disclosures for use in financial analysis
  • Learn how accounting standards and managerial incentives affect the financial reporting process

Certification

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio.

Aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto. Sam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt.

Course Outline

Essentials Of Internal Audit

  • What Is Internal Audit?
  • The professional standards
  • How does the role differ from other assurance providers?
  • Audit skills
  • The modern approach to IA
  • Preparing for an audit
  • The need for a risk based approach
  • Meeting management expectations
  • Internal Audit and the external relationship
  • Developing team relationships
  • The audit manual
  • Audit interviews
  • Audit programmes and testing
  • The challenges of audit reporting

Effective Report Writing And Communication Skills For Auditors

  • Worldwide trends In Internal Audit
  • How can a better understanding of the role be gained?
  • The role of the modern auditor
  • The different requirements and challenges facing ia in major sectors in the GCC And MENA region
  • Initial planning
  • The audit manual
  • Organising the assignment
  • Risk based auditing
  • Audit programmes
  • Fieldwork techniques

Risk Based Auditing

  • What is risk based audit?
  • The nature of risk
  • Business risk                                                                                                                    
  • Risk identification and evaluation
  • The role of Internal Audit in risk facilitation
  • Assessment of risk mitigation
  • The Internal Audit role
  • Strategic audit planning
  • Tactical audit panning
  • The converging roles of the assurance providers
  • Planning a Risk Based Audit( RBA)

Introduction and Balance Sheet

  • Financial Reporting
  • Balance Sheet Equation, Assets, Liabilities, and Stockholders' Equity
  • Debit and Credit Bookkeeping

Accrual Accounting and the Income Statement

  • Revenues and Expenses
  • Adjusting Entries
  • Financial Statements and Closing Entries
  • Income Statement and Balance Sheet

Cash Flows

  • Operating, Investing, and Financing Cash Flows
  • Statement of Cash Flows
  • Overview of Ratio Analysis
4.2 out of 5.0
5 Star 85%
4 Star 75%
3 Star 53%
1 Star 20%

Item Reviews - 3

Josaph Manrty27 Oct 2019

" Commodo est luctus eget. Proin in nunc laoreet justo volutpat blandit enim. Sem felis, ullamcorper vel aliquam non, varius eget justo. Duis quis nunc tellus sollicitudin mauris. "

Rita Chawla2 Nov May 2019

" Commodo est luctus eget. Proin in nunc laoreet justo volutpat blandit enim. Sem felis, ullamcorper vel aliquam non, varius eget justo. Duis quis nunc tellus sollicitudin mauris. "

Adam Wilsom10 Nov 2019

" Commodo est luctus eget. Proin in nunc laoreet justo volutpat blandit enim. Sem felis, ullamcorper vel aliquam non, varius eget justo. Duis quis nunc tellus sollicitudin mauris. "

Submit Reviews

MagnaSkills
Online Price

$ 250.00

Consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore.

Course Features
  • 3987 Views
  • 8 Weeks Online
  • 1-4 Weeks Class
  • Certified

Join our Training Program!

We'll help you to grow your career and growth.
Join for Free