The Imperial Corporate Training Institute offers Financial Statement Audit Training Course is for people looking to become professionals in auditing Financial Statements against International Standards and Best Practices and will also provide participants with the knowledge needed to fully understand the audit process and successfully conduct audits of Financial Statements based on International Standards and Best Practices. The Financial Statement Audit Training Course is also designed to equip participants with a solid foundation for understanding all aspects of the Audit Process, from Planning and Consideration of Risk through to Execution of an Audit, Report on the Audit Completed and the Completion of any Post-Audit Responsibility.
The Auditor’s primary responsibility is to provide a level of Assurance to the user of the Financial Statement that the Financial Statement is free from Material Misstatement, and any Material Misstatement was not caused by either fraud or error. To achieve this, the auditor needs to apply Auditing Principles in the real world across a variety of different types of organizations and through compliance with an ever-changing regulatory environment.
This Financial Audit Training Course will also address many of the new challenges facing Auditors today, including (but not limited to) the rapidly changing environment for Accountants and Auditors, complex accounting estimates, changes to Recognition of Revenue, the increasing use of Data Analytics as a tool by Auditors during the Audit and so much more. As part of the Program, participants will learn about Professional Judgement, Ethics, and Compliance with International Standards on Auditing as it relates to the Conduct of Audits. By the completion of the Course, the learner will possess the Technical Knowledge, Analytical Skillset, and Professional Mindset to conduct High-Quality Financial Statement Audits in any industry while satisfying Stakeholder and Regulatory Expectations.
Objectives
Attendees will be able to:
The following objectives of this course have been established based Upon the Needs of the defined target audience, which we believe is as follows:
- An understanding of the Purpose/Scope/Principles of Financial Statement Auditing will be developed through out
- Development of practical competencies in auditing based upon International Auditing Standards,
- Development of competencies in assessing Audit Risk, Audit Materiality and the Internal Control Environment.
- An increase in the understanding of Audit Evidence/Documentation/Working Papers.
- The development of competencies within the Financial Statements related Auditing Area (Revenue, Expenses, Assets, Liabilities and Equity).
- An increase in Professional Judgment
- The development of an understanding of Fraud Risks and the Auditor’s Responsibility to Detect and Prevent Fraud.
- An understanding of Audit Reporting and the Auditor’s Opinion and How and analysed the communication with the Stakeholders.
- To promote Ethical Behaviour, Independence, Professional Scepticism and Ethical Behaviour during audit engagements.
Target Audience
The target Audience will consist of:
- Internal and External Auditors who wish to further develop their knowledge of Financial Stated Audits.
- Accounting & Finance Professionals responding to Financial Statements Development and Review.
- Audit Associates and Senior Auditors who wish to develop the technical skill set necessary to advance within Audit.
- Finance Managers and Controllers who are responsible for Financial Reporting and Compliance.
- Professionals working within Risk Management and Compliance providing Audit Function Support.
- Individuals transitioning into an Audit from an Accounting or Finance background (i.e. Associated or Senior Audits).
- Graduate Trainees/Early Career auditors seeking to pursue a career in Financial Auditing.