The Financial Audit Tools and Software Training program at Imperial Corporate Training Institute is a hands-on approach for training auditors how to use a wide range of Digital Audit Solutions and Technologies in their daily business operations. As organizations move more towards using Automation, Data Analytics, and Integrating Systems to perform audit work, Auditors need to shift from traditional Manual Audit Methods for Auditing the Financials of an Organization, and the Application of Automation and Digital Technologies when performing Audits for Organizations is Gaining Popularity as the Primary Method of Participating in the Audit Process and to provide an Effective Audit Process to ensure Accuracy, Efficiency and Compliance. The Financial Audit Tools & Software Training program is designed to familiarize participants with Financial Audit Platforms/Tools most commonly used by Organizations, as well as using Digital Solutions to assist with the Audit Process throughout the Planning, Execution, Reporting and Continuous Auditing of the Audit Process.
The Financial Audit Tools & Software Training program is focused on the practical use of Software throughout the Entire Audit Life Cycle; therefore, participants will learn how to use Audit Technologies when analyzing Large Data Sets, Identifying Anomalies, Managing Audit Documentation, Testing Controls, and Improving Audit Quality. By providing the opportunity for both Conceptual and Practical experience, Participants will be able to Apply Audit Technologies with Confidence in Selecting, Configuring, and Using Software in Different Audit Environments. The Financial Audit Tools & Software Training Program is Available to all Professionals within the Company: Internal Audits, External Audits, Finance, Risk Management and Compliance, with the goal of Helping Participants Build Technical Audit Skills and Remain Competitive in an Ever-changing Technology Environment.
Objectives
By the end of this Financial Auditing Software and Tools Training Course, participants will be able to:
- Appreciate how Audit Technology is changing how we perform Financial Audits in The Modern Era
- An understanding of the different software toolsets available for Financial Audits will be covered.
- Audit Software Application methods used for Audit Planning, Performance and Documentation will be addressed.
- Data Analytics Tools are used to analyse multiple volumes of Financial Data quickly and accurately.
- Audit Applications are used to automate the Testing of Transactions and Controls.
- Audit Accuracy, Consistency and Efficiency are enhanced via automated Digital Workflows.
- Integrating Software Tools into a Risk-Based Audit Plan and Execution is key to effective auditing.
- Technology-enabled dashboards and visualisations improve Audit Reporting.
- While these new software tools are being developed for effective auditing, the Auditing Community will be required to ensure compliance with Auditing Standards.
- Practical Skill Development for adapting to new Audit Technology, Digital and General Trends will be covered.
Target Audience
The Target Audience will include:
- Internal Auditors who want to transition from the Old Fashioned Way of Auditing to using Software Tools,
- External Auditors who want to enhance the Efficiency and Coverage of their Audits through the use of Technology
- Financial Controllers and Finance Mgrs. who are in charge of Audit Prep & Review
- Risk Mgrs and Compliance Professionals who support Audit Functions
- Accountants who are transitioning from regular Accounting to Auditing/External Auditing
- Supervisors and Managers responsible for Planning Audits and Evaluating Quality Controls
- IT Auditors and Data Analysts who work with F&A Audit Teams
- Recent Grads and Early Career Professionals interested in completing Financial Audit Training
- Professionals preparing to move into increasingly Advanced Roles in Digital / Technology Driven Audits.