Course Overview
This comprehensive 5-day training course on Audit and Assurance Services will provide participants with a thorough understanding of key auditing practices, the importance of internal and external auditing, and the evolving role of audit professionals in the business environment. The course covers the fundamental concepts of financial statement audits, risk-based auditing, internal controls, compliance, and how to perform effective assurance engagements. Participants will also explore the latest updates in international auditing standards and gain hands-on experience through practical case studies and exercises.
Course Duration
5 Days
Who Should Attend
- Internal and external auditors
- Audit managers and supervisors
- Finance and accounting professionals
- Risk management officers
- Compliance officers
- Professionals preparing for certification exams in auditing
- Individuals seeking to enhance their knowledge in audit and assurance services
Course Objectives
By the end of this course, participants will:
- Understand the principles and standards of audit and assurance services.
- Conduct thorough and effective audits using recognized methodologies.
- Evaluate internal controls and assess risks within an organization.
- Provide reliable assurance services and reports.
- Identify and address potential fraud and irregularities.
- Communicate audit findings and recommendations effectively.
- Utilize auditing software and tools for enhanced efficiency.
Course Outline:
Module 1: Introduction to Audit and Assurance
- Overview of audit and assurance services
- Types of audits (internal, external, financial, operational, compliance)
- Key principles and standards (IFRS, GAAS, ISA)
- Role and responsibilities of auditors
Module 2: Audit Planning and Risk Assessment
- Audit planning process
- Understanding the entity and its environment
- Risk assessment and materiality
- Designing audit strategies and procedures
Module 3: Internal Controls and Audit Evidence
- Evaluating internal controls
- Testing internal controls for effectiveness
- Gathering and evaluating audit evidence
- Analytical procedures and substantive testing
Module 4: Fraud Detection and Assurance Services
- Understanding and identifying fraud
- Fraud risk factors and red flags
- Conducting fraud investigations
- Providing assurance services (e.g., reviews, compilations, agreed-upon procedures)
Module 5: Reporting and Communication
- Drafting audit reports
- Communicating findings and recommendations
- Addressing management and governance concerns
- Using audit software and tools
Customized Training
This training can be tailored to your institution needs and delivered at a location of your choice upon request.
Requirements
Participants need to be proficient in English.
Training Fee
The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.
Certification
A certificate from Ideal Sense & Workplace Solutions is awarded upon successful completion.
Accommodation
Accommodation can be arranged upon request. Contact via email for reservations.
Payment
Payment should be made before the training starts, with proof of payment sent to outreach@idealsense.org.
For further inquiries, please contact us on details below:
