Imperial Corporate Training Institute offers Certified Financial Auditor Preparation Training Course that will provide learners a fundamental understanding of modern financial auditing as well as provide practical skills to meet today’s expectations of financial audits. Understanding the principles of auditing, understanding the International Standards for Auditing (ISA’s), planning audits, assessing risks, determining internal controls, and analysing company financial statements makes up the foundation of the Certified Financial Auditor Preparation Training Course.
Learners will gain an understanding of the connection between general theoretical knowledge and the application of real-world auditing techniques and will build the confidence needed to be able to perform their financial audits independently or with others as part of an internal audit team.
This course is designed to provide learners with both theoretical and practical skills. Theoretical skills will include but not limited to an understanding of the Global Framework for Financial Audits as defined by the International Federation of Accountants (IFAC) and other professional organisations, performing financial reconciling and auditing, and complying with legal obligations for financial reporting as well as being introduced to techniques for detecting and preventing fraud. Practical components will include practical application of auditing techniques and methodologies through the use of practical examples of audit documentation (i.e., working papers) and complying with the Code of Ethics for Accountants. Analytical skills developed through completing these practical applications and using current regulatory and organisational guidelines for determining audit opinions will enable learners to perform financial audits in a reliable and responsible manner.
Objectives
Attendees will be able to:
- Acquire a deeper knowledge about the principles of financial auditing and the standards that guide the profession of auditing.
- Prepare individuals looking for certified financial auditor positions and for taking their professional exams.
- Expand participants’ knowledge base on the planning, performance and reporting phases of an audit.
- Improve participants’ abilities to assess financial statements and related accounting documentation.
- Enhance participants’ skills in assessing and designing effective internal controls using the risk-based auditing approach.
- Develop practical expertise in preparing audit work papers and documentation.
- Be familiar with control over any regulatory compliance or guidelines, corporate governance, and ethics of auditors.
- Recognize how to identify errors, irregularities, and fraud in financial statements and accounting records.
- Be aware of and apply International Standards on auditing to real audits.
- Increase ability for professional judgement and decision making while performing financial audits.
Target Audience
- Individuals who wish to become certified financial auditors.
- Internal auditors wanting to advance in financial auditing.
- External auditors wanting to improve and refresh audit skills.
- Those in financial management, transferring their knowledge to financial auditing.
- Finance managers overseeing coordinating audits and regulatory compliance.
- Risk and Compliance Officers responsible for financial oversight.
- Chartered Accountants and graduates of an accounting program.
- Individuals working in Corporate Finance, Banking, and Public Sector Auditing.
- Consultants providing assurance and audit services.