The Imperial Corporate Training Institute offers an Auditing and Assurance Services Training Course which is intended to provide a complete approach to providing Auditing and Assurance (A/A) Services to clients. The A/A Training Course is intended to contribute to the development of higher levels of professional competence in the area of audit and assurance services. In addition to the full view of the audit life cycle (acceptance and planning, execution, reporting, post-audit assurance evaluation), this course provides thorough and comprehensive coverage of the practical application of auditing standards and the practical applications of auditing standards to assist in the designing, performing, and evaluating assurance techniques that conform to the best practices in the audit and assurance profession.
The participants of the A/A Training Course will see the integration of theory and practical applications, and they will gain a clear understanding of how audit opinions are created and how assurance services strengthen or weaken the confidence of stakeholders (including company owners) with regard to financial and non-financial information. The A/A Training Course will also address the changing responsibilities and roles of the auditor in a continually changing and increasingly complex regulatory and business landscape. Furthermore, the participants of the course will learn in-depth how to perform a Risk Based Audit, to apply Professional Judgment, to develop and apply Professional Ethics, and to utilize Analytical Procedures in an Assurance Engagement. Combining Auditing standards with advanced assurance techniques (such as Risk Profiles, Audit Risks, and Risk Assessment) will better equip the profession to perform an Internal Control evaluation, assess Audit Risks, and deliver high-quality assurance services across all sectors.
Objectives
By the end of the Auditing and Assurance Services Training Course, participants will be able to:
- Develop competencies in undertaking audit and assurance engagements that reflect sound application of International and Local Auditing Standards,
- Understand the objectives, scope and limitations of audit and assurance services,
- Plan and perform audit engagements employing a risk-based, structured approach,
- Conduct evaluation of Financial Statements and other subject matter using Assurance techniques,
- Assess the Inherent, Control and Detection Risks associated with audits throughout the audit planning and execution process
- Design and evaluate Internal Control Systems to achieve Audit Objectives
- Execute audit procedures meeting Professional Auditing Standards
- Use Analytical Procedures and Audit Evidence to form conclusions about an audit engagement
- Demonstrate Professional Judgement and Scepticism Throughout the Auditing Process
- Provide Clear, Accurate and Compliant Audit Reports and Conclusions
Target AUDIENCE
This Financial Audit Training Course focuses on:
- External Auditors who want to broaden their knowledge of Auditing Standards;
- Internal Auditors who will be performing assurance and control assessments,
- Accounting and finance professionals transitioning to audit;
- Audit supervisors and managers involved in planning and reviewing audits;
- Risk and compliance professionals support the assurance process.
- Financial Controllers/Chief Accountants need to have a solid understanding of Assurance Services; Public Practice/Corporate Finance/Regulatory Bodies;
- Consultants involved in Assurance-related work;
- Professionals Preparing to Take on More Advanced Audit Responsibilities.