The Financial Audit Reporting and Documentation Training Course provided by the Imperial Corporate Training Institute is a thorough and in-depth professional development program that teaches participants the skills necessary to produce quality audit reports and manage audit documentation based on established documentation standards. The training focuses on the entire lifecycle of audit report generation from creating an audit plan through collecting audit evidence, drafting audit reports, reviewing and finalising the final audit report so it can be understood by stakeholders, regulators, and management and is also compliant and of high quality. Participants will be given real-life experience of how a properly structured audit report creates transparency, supports the auditor’s conclusions, and creates added value for the auditor’s clients.
The training course will allow participants to establish a consistent approach to documenting audits that are well founded upon professional judgement, contain a summary of the auditor’s findings, and comply with the applicable auditing framework. The importance of linking audit evidence to audit conclusions and maintaining a consistent and quality assurance of the auditor’s working papers and adherence to a standard of documentation that is sufficient for regulatory review and quality assurance inspections is stressed. Through a combination of theory and practice, participants will acquire the necessary skills to develop a reliable, defensible and structured audit report that meets both organisational and professional expectations.
Objectives
By the end of this Financial Audit Reporting and Documentation Training Course, participants will be able to:
- Learn how to identify audits, their benefits and how to use them for your own benefit.
- Use professionalism when generating the format and content of the audit report.
- Create audit documentation that will provide the necessary support for the conclusions you reach from the audit.
- Align audit work papers with accepted documentation standards.
- Establish a connection between audit evidence and audit conclusions in the creation of logical connections.
- Work to improve the clarity, accuracy, and objectivity of the written communication of audit work products.
- Identify the most frequently found deficiencies in audit reports and documentation, and take action to resolve them.
- Utilize quality control and quality review processes on audit files and reports.
- Create a mechanism for the proper documentation of audit work products to achieve compliance, accountability, and transparency with respect to audited entities.
- Enhance the application of your professional judgement in regard to the decisions you make pertaining to audit reporting and documentation.
Target Audience
This course is suitable for professionals involved in financial auditing and related functions, including:
- Internal auditors and external auditors
- Financial auditors and audit supervisors
- Accounting and finance professionals
- Risk and compliance officers
- Finance managers and controllers
- Audit committee members and governance professionals
- Public sector auditors and inspectors
- Professionals responsible for preparing or reviewing audit reports
- Individuals seeking to strengthen skills in audit documentation and reporting