The Imperial Corporate Training Institute’s Financial Audit Training and Budget Format Course will provide a detailed review of how to develop superior skills in Budgeting Systems, Financial Planning and Audit Assurance. The Financial Audit Training Course has been designed so that it is practical in nature so that the participant can relate to the integration of the budgeting system techniques with respect to internal and external audit requirements. Therefore, participants will understand how to prepare, monitor, review and audit a Financial Budget within a Modern Organisation. Also, the Budgeting and Financial Audit Training Course will provide an overview of budgeting for both public and private sector organisations and how it relates to governance, compliance and financial control frameworks.
The Budgeting and Financial Audit Training Course will provide participants with extensive knowledge of the Budgeting Cycle, Variance Analysis, Cost Control and Performance Evaluation along with Audit Methodologies, Audit Planning, Risk Assessment and Audit Reporting techniques. By completing the Budgeting and Financial Audit Training Course, participants will learn how Budgets support Strategic Objectives and how Financial Audits can be used to assess the Accuracy, Reliability and Compliance of a budget. Through a series of well-structured Modules, this Programme will develop Analytical Skills and increase the ability to evaluate Financial Integrity, Efficiency and Accountability within Organisational Functions.
Objectives
By completing the Budgeting and Financial Audit Training Course, participants will be able to:
- Understand the principles and purposes of budgeting in relation to the management of an organisation’s financial resources
- Use established procedures for creating a budget that aligns with the strategic objectives of the organisation and its operational needs
- Review budget information, identifying discrepancies, suboptimal performance, and potential risks associated with non-compliance
- Evaluate existing budgeting practices according to a financial audit framework
- Prepare a financial auditing methodology that focuses on control and performance elements of the budget
- Assess the adequacy of budgetary processes in terms of internal controls
- Determine the adequacy of financial statements as they relate to approved budgets
- Conduct compliance audits of the execution of budgets and budget-related expenses
- Support the establishment of accountable governance structures, and create transparency and accountability through improved financial operations
- Create a basis for developing appropriate recommendations and action plans, and for creating effective budgeting systems.
Target Audience
This financial audit training course is suitable for professionals involved in financial planning, budgeting, auditing, and financial oversight, including:
- Internal and external auditors
- Finance managers and financial controllers
- Budget analysts and planning officers
- Accounting and finance professionals
- Risk management and compliance officers
- Public sector finance and audit staff
- Corporate governance professionals
- Cost accountants and management accountants
- Financial consultants and advisors
- Professionals seeking specialisation in budgeting and financial audit functions