The Training Course for Cost Control and Audit Techniques is a comprehensive, professional development program that will provide you with the advanced skills required to manage, analyze and audit costs in an organization. Through this course, you will learn how an effective budgeting system, a strong cost-control system and a modern auditing approach can work together to create greater discipline in the finances of your organization, as well as improve overall performance. Participants will also develop practical skills that will be useful when looking for the reasons for cost inefficiencies, analyzing how costs are spent, and how best to align your organization’s cost structure with its goals and performance while still meeting audit requirements.
This financial audit training course is offered by the Imperial Corporate Training Institute and has an emphasis on the Real-World Showcases. The goal of this financial audit training course is to show attendees how to integrate financial management principles with audit practices so that they can develop their own cost reduction plans that are time-bound, sustainable and closely monitored for compliance. Participants will learn about cost control techniques, how to evaluate a budget, and conduct audits of a cost-based focus that are aimed at increasing transparency and the ability to make informed decisions about the future of an organization, regardless of whether it is a public or private sector entity.
Objectives
By the end of this course, participants will be able to:
- This course will develop your understanding of the principles and objectives of controlling costs in organisations.
- You’ll develop a comprehensive system to budget and evaluate that system in relation to the objectives of the organisation.
- You’ll develop cost reduction techniques and implement them without affecting operational performance.
- You’ll analyse how costs behave and the factors that drive costs so that you can make informed decisions about the financial management of your organisation.
- You’ll develop audit methodologies to evaluate the effectiveness of an organisation’s cost control systems and their assessment of the accuracy of expenditure.
- You’ll design a framework to support both internal and external audit requirements related to cost control.
- By integrating cost management and audit systems you’ll develop the ability to improve the overall financial oversight of your organisation.
- You’ll develop the ability to produce accurate financial reports that relate to organisational costs, budgets, and performance.
- You’ll develop the ability to identify and manage risks related to cost over-runs and budgets that deviated from the planned budget.
- You’ll develop the ability to make professional judgements in financial audits focused on costs.
Target Audience
This course is suitable for professionals who are involved in financial management, cost analysis, and audit functions, including:
- Financial managers and finance officers
- Internal and external auditors
- Cost accountants and management accountants
- Budgeting and planning professionals
- Finance and audit supervisors
- Risk and compliance professionals
- Project managers responsible for budget control
- Procurement and contract management professionals
- Public sector finance and audit staff
- Professionals seeking advanced financial audit training