The Practical Case Studies in Financial Auditing Training Course is designed to bridge the gap between theory and practice by using hands-on learning through detailed, industry-specific financial audit case studies from numerous sectors. Participants in this course will learn the entire audit cycle from planning to execution, reporting, and follow-up by working through case studies that simulate real-world audits. This course is delivered by Imperial Corporate Training Institute and will provide participants with the expertise needed to develop the analytical and judgment skills required to tackle the complexities of the financial audit process successfully.
This training program aims to prepare participants for practical application of their knowledge in financial auditing by emphasising applied learning, critical thinking, and professional scepticism. During the course, participants will review real financial statements, audit working papers, assessments of internal controls, and audit results to see how auditors arrive at decisions in their courses of action in the real world. At the conclusion of the course, participants will be able to interpret financial information correctly, recognise potential misstatements and risks, evaluate international controls, and produce audit reports that incorporate both established professional standards and applicable regulations.
Objectives
Attendees will be able to:
- Through the use of actual case studies, develop an in-depth practical knowledge and understanding of financial auditing.
- To apply financial auditing standards and frameworks to real world audit situations.
- To further develop skills related to auditing through planning an audit, assessing audit risk, and determining materiality.
- To develop greater proficiency in evaluating financial statements and related supporting documents.
- To identify and evaluate risks related to audit, indicators of fraudulent activity, and weaknesses in internal controls.
- To enhance professional judgement and decision making abilities during complex audit situations.
- To learn how to document all audit evidence obtained and prepare necessary working papers.
- To understand how to effectively manage audit results, subsequent adjustments, and management responses.
- To apply the ethical principles of practicing recordership and exercising professional scepticism while conducting real-life audit cases.
- To have the confidence to prepare and review audit reports based on results of the case analyses.
Target Audience
- Internal and external auditors seeking practical audit experience
- Finance and accounting professionals involved in audit support roles
- Audit supervisors and audit managers looking to enhance case-based evaluation skills
- Risk management and compliance professionals
- Financial controllers and finance managers
- Professionals preparing for senior audit responsibilities
- Accounting graduates and early-career auditors
- Professionals transitioning into financial auditing roles
- Public sector and private sector audit staff
- Consultants involved in financial assurance and audit advisory services