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Skills of Auditing and Internal Control

Skills of Auditing and Internal Control

ACCOUNTING, FINANCE AND BANKING


Skills of Auditing and Internal Control

Objectives: By the end of this program, participants will be able to:

  • Define internal auditing and internal control.
  • Identify “high-risk” processes—and build control systems that mitigate the risk.
  • Develop control-based internal auditing recommendations that effectively help management meet tactical and strategic objectives.
  • Focus on the Investment in Internal Audit.
  • Document and Evaluate Internal Control Systems.
  • Audit Evidence and Audit Sampling.

Contents:

Internal Auditing

  • Define Internal Auditing.
  • Identify the Components of an Effective Internal Audit Function .
  • Define Management Responsibilities of an Internal Audit Function.
  • Discuss the Similarities and Differences Between Internal Auditing and External Auditing.
  • Define the Various Types of Internal Audits.

The Road Map to Effective Internal Audits

  • Discuss the Principles of Effective Audits.
  • Define Alpha and Beta Audit Risk.
  • Perform Compliance, Substantive, and Operational Tests.
  • Calculate Audit Risk.
  • Define the Relationship Between the Internal and Control Environment and Audit Testing.

Focusing the Investment in Internal Audit

  • Relate the Concept of Internal Audit Strategies to the Audit Planning Process.
  • Develop a Long-Term Audit Plan for the Internal Audit Department Using Internal Control- Based Risk Assessment.
  • Design the Audit Plan and Prepare an Audit Planning Memorandum for an Individual Internal Audit Project Assignment.

Documenting and Evaluating Internal Control Systems

  • Understand the Work Process.
  • Document the Work Process.
  • Develop Process Flow Diagrams and Process Maps.
  • Complete the Audit Internal Controls Documentation Matrix.
  • Finalize the Audit Objectives.

Audit Evidence and Audit Sampling

  • Discuss the Basic Concepts of Audit Evidence and Their Impact on the Development of Audit Work papers.
  • Document Analytical Reviews.
  • Test and Gather Audit Evidence.
  • Complete and Document Compliance and Substantive Tests.
  • Select the Appropriate Testing Method.
  • Discuss Statistical Sampling Techniques.
  • Determine the Objectives of the Sampling Plan.
  • Develop the Sampling Plan.
  • Apply Attribute Sampling Techniques.
  • Extrapolate the Sample Results.
  • Ensure That Audit Work papers Support Audit Conclusions and Recommendations.

Planning and Conducting Successful Audit Interviews

  • Plan Interviews.
  • Discuss a Framework for Planning, Conducting and Evaluating the Results of Interviews.
  • Manage Conflict with Management.
  • Listen Effectively.
  • Talk effectively in a Non-Threatening Environment.
  • Understand the Nature of Confidentiality of Information.

Who Should Attend?

Accountants, Internal Auditors, controllers and financial managers, New staff accountants and individuals responsible for safeguarding company assets.

 

Kuala Lumpur

# Price ($) From
d-m-Y
To Action
1 2,750 12-02-2018 16-02-2018 Enquire
Course Code:2475
2 2,750 09-04-2018 13-04-2018 Enquire
Course Code:2476
3 2,750 11-06-2018 15-06-2018 Enquire
Course Code:2477
4 2,750 13-08-2018 17-08-2018 Enquire
Course Code:2478
5 2,750 08-10-2018 12-10-2018 Enquire
Course Code:2479
6 2,750 10-12-2018 14-12-2018 Enquire
Course Code:2480

Istanbul

# Price ($) From
d-m-Y
To Action
1 3,250 23-12-2018 27-12-2018 Enquire
Course Code:2631
2 3,250 04-03-2018 08-03-2018 Enquire
Course Code:2632
3 3,250 06-05-2018 10-05-2018 Enquire
Course Code:2633
4 3,250 01-07-2018 05-07-2018 Enquire
Course Code:2634
5 3,250 02-09-2018 06-09-2018 Enquire
Course Code:2635
6 3,250 04-11-2018 08-11-2018 Enquire
Course Code:2636

London

# Price ($) From
d-m-Y
To Action
1 4,250 01-01-2018 05-01-2018 Enquire
Course Code:4330
2 4,250 05-03-2018 09-03-2018 Enquire
Course Code:4331
3 4,250 07-05-2018 11-05-2018 Enquire
Course Code:4332
4 4,250 02-07-2018 06-07-2018 Enquire
Course Code:4333
5 4,250 03-09-2018 07-09-2018 Enquire
Course Code:4334
6 4,250 05-11-2018 09-11-2018 Enquire
Course Code:4335