Imperial Corporate Training Institute offers a Cash Flow Analysis and Audit Course that is a comprehensive professional training course that enables participants to have confidence in their ability to analyse, interpret and audit cash flow information. Cash flow remains one of the most important measures of organisational health as it helps you to shape your liquidity, operational sustainability and strategic decision making. This course will take a practical and structured approach to developing an understanding of how organisations generate, report, analyse and audit their cash flows and the cash flows of other organisations in various industries.
This training course takes an in-depth look at cash flow statements within the context of financial statements to develop the technical knowledge and analytical skills necessary for evaluating cash movements, identifying potential financial risks, and evaluating the quality of cash flows reported on the financial statements. The emphasis on audit focused methodologies will allow participants to utilise the techniques of cash flow analysis to support the planning, substantive testing and application of judgement in the conduct of an audit. At the conclusion of the course, learners will have established links between cash flow performance, financial integrity, compliance and governance.
Objectives
By completing the Cash Flow Analysis and Audit Training Course, participants will be able to:
- Realize the significance of cash flow analysis for financial audits
- Analyze cash flows from operating, investing and financing activities using audit techniques
- Examine cash flow data to see how it correlates to other types of accounting information and why it is important
- Identify any red flags or unusual information regarding the way clients manage cash and report cash balances
- Conduct audit procedures to ensure the completeness and accuracy of cash flows
- Work with clients to determine how their working capital changes impact both their short-term and long-term liquidity position
- Provide stronger support for an auditor’s judgement while performing an analysis of a client’s cash flow forecasts and projections
- Utilize reliable cash flow analysis to support audit conclusions and provide documented evidence
- Improve the audit report’s presentation and communication regarding cash flows findings
Target Audience
This course is specifically for professionals involved in analyzing and reporting financial information and would be useful to:
- Professionals involved within audit or financial oversight including: Internal and External Auditors looking to enhance their expertise in cash flow analysis
- Financial Managers/Controllers responsible for cash management
- Accounting Professionals preparing/reviewing financial statements
- Risk Manager/Compliance Officer assessing the sustainability of business and its liquidity risk
- Investment/Credit Analysts evaluating cash flow performance
- Governance Professional/Assurance Professional
- Professionals transitioning to the audit or financial review profession.