The Financial Audit Training Programme is a comprehensive programme that teaches participants how to conduct a complete financial audit using comprehensive, practical skills. The training has been designed to close the gap between financial auditing theory and practice by developing the skill sets and practical experience of participants in conducting financial audits. Participants will be trained by experienced applicants of the Imperial Corporate Training Institute to develop a thorough understanding of the financial auditing process, which includes the planning and execution stages of a financial audit, the documentation and reporting of the financial audit results, and recommendations to improve the internal control environment, financial reporting accuracy, and risk assessment. Through the programme, participants will also be trained in modern financial auditing methodologies, audit tools and frameworks, structured techniques to perform professional audits.
The Financial Audit Training Programme will enable participants to gain a full understanding of the complete financial audit process and the associated phases of the financial audit process, including the preliminary planning phase, the evaluation of risks, the testing of controls and tests of transactions, the evaluation of audit evidence, and the preparation and release of the final report. Participants will have the opportunity to gain real experience during the training programme in the areas of audit working papers, sampling methods, and internal control testing as well as knowledge about how to identify fraud indicators and the impact of compliance with professional auditing standards on the overall effectiveness of the audits performed. The use of practical frameworks, and structured audit techniques will allow participants to become competent to perform and provide effective financial audits, and to identify financial irregularities and provide added value insight on an audit to support the effective governance and financial integrity of organisations.
Objectives
By completing the Practical Financial Audit Techniques Training Course, participants will be able to:
- Know the full financial audit process and how to apply it
- Utilise risk-based planning for audits
- Evaluate the company’s control environment and determine the adequacy of penalties to support the control environment
- Conduct substantive procedures on the selected areas of the financial statements
- Create properly constructed working papers and audit evidence
- Utilise sampling and analytical processes to identify audit risks
- Identify risks, red flags, and potential fraud patterns
- Determine compliance with generally accepted auditing principles and professional standards.
- Enhance your ability to make good judgements based on audits
- Prepare clear, readable, and professionally prepared audit reports
Target Audience
This financial audit training course is suitable for:
- Internal and external auditors
- Finance and accounting professionals
- Audit supervisors and audit managers
- Risk and compliance officers
- Financial controllers and finance managers
- Public sector auditors and government finance officers
- Professionals involved in financial reviews and assurance activities
- Accountants seeking to strengthen practical audit skills
- Graduates and early-career professionals entering the audit field