The Emerging Trends in Financial Audits Training Course has been created for finance and audit professionals to learn how the audit profession is changing due to technology developments, increased regulatory scrutiny, and stakeholder demands. As financial environments become more complex than ever, traditional audit methods of performing financial audits are no longer sufficient by themselves. This course examines how today’s auditor can utilize data analytics, automation, continuous auditing models, improved risk assessment techniques, and more robust governance frameworks to provide increased quality and reliability to their audit.
The Instructor of this course comes from the Imperial Corporate Training Institute , which focuses on providing practical knowledge and future-oriented wisdom that can be directly used in day-to-day working environments. Participants will learn about the driving forces behind current events, including examples of emerging trends like Artificial Intelligence & Machine Learning; Forensic Analytics; Sustainability Reporting; Cyber Risk; and Regulatory Reforms; and how these Trends are transforming the way auditors conduct Audit Planning, Execution, and Reporting. This course combines traditional auditing practices with developments that have taken place since the creation of the Auditing Standards; a gap that auditors will no longer be able to rely on as their only source of information as they relate to current & future challenges. This will allow an auditor to embrace these technological developments and adapt to the current & future challenges within all sectors of business and accounting.
Objectives
By the end of this Emerging Trends in Financial Auditing Training Course, participants will be able to:
- Become aware of the major global and regional trends that affect financial auditing on the modern level
- Recognize the impact of digital transformation on the methods of conducting audits and providing assurance
- Utilise data analytics and technology-enabled tools when planning for and conducting audits
- Keep abreast of the changing regulatory standards and professional standards impacting the auditing profession
- Build upon a risk-based approach to auditing in a complex financial environment
- Understand the role of continuous auditing and “real-time” assurance models
- Build upon your professional judgement in fraud detection and forensic auditing
- Understand the growing emphasis on Environmental, Social and Governance (ESG), sustainability and integrated reporting
- Manage cyber risks and technology dependent controls throughout your audit engagements
- Improve audit reporting to meet both stakeholder and regulatory requirements
Target Audience
This course will benefit professionals who wish to be informed of the latest developments with regard to current auditing practices and standards. The course covers all areas of auditing and will specifically benefit:
- Internal and External Auditors who wish to maintain and improve their technical and professional abilities.
- Financial Managers and Controllers who are responsible for the coordination of audits and have to comply with audit requirements.
- Risk Management Professionals and Governance Professionals
- Compliance Officers and those responsible for regulatory reporting
- Accounting Professionals looking to transition from an accounting role into an Audit Role
- Members of Audit Committees and Senior Management who are involved in the oversight of Audits
- Consultants who provide Audit, Assurance and Advisory Services