The Public Sector Financial Audit Training Course offers a comprehensive and hands-on look at how public sector organizations plan, carry out, and report on their financial audits. This training course covers the specific financial structures, regulatory framework, and accountabilities that affect government agencies, public authorities (including state-owned enterprises), and non-profit organizations (including charitable foundations). Participants will learn about the structure and function of public sector financial systems; the use of budgets and their accountability; and how both national and international audit standards are used to evaluate the operation and utilization of funds in public organizations. The course also emphasizes transparency, value for money, and effective public sector financial management as a means of protecting the public’s interest.
The Imperial Corporate Training Institute developed this training program to teach the basic principles of auditing combined with real-life applications that will give participants solid analytical and professional auditing skills. It prepares participants to understand the challenges faced by public sector auditors in their real-world environment, including risk-based planning, fraud detection, internal control evaluations, and performance measurement. This program will give professionals a complete understanding of the public sector audit cycle from pre-audit planning through to the final audit report and how best to incorporate ethical standards and methods of governance.
Objectives
By completing the Public Sector Financial Audit Training Course, participants will be able to:
- Recognise the purpose and structure of financial management systems within the public sector
- Utilise standards and regulatory frameworks for auditing public sector organisations effectively
- Develop and conduct financial audits for government and public sector organisations
- Assess a public organisation’s internal controls and financial governance processes
- Identify financial risk and non-compliant areas of operation within a public organisation
- Review a public organisation’s budget execution and expenditure management
- Conduct testing and verification during an audit effectively and accurately
- Understand and analyse the financial statements of a public organisation
- Identify and deter the fraudulent use of public money and public resource loss
- Generate concise, accurate and compliant audit reports for public sector clients
- Create an environment of transparency, accountability and integrity within the financial management practices of public sector entities
- Support decision-making for government and public sector organisations through the issuing of credible audit report findings.
Target Audience
This course is suitable for professionals involved in public sector finance, auditing, and governance, including:
- Public sector auditors and internal auditors
- Government finance officers and accountants
- External auditors working with public institutions
- Public sector compliance and risk management professionals
- Employees of ministries, departments, and public authorities
- Staff of supreme audit institutions and regulatory bodies
- Finance managers in state-owned enterprises
- Professionals working in public sector oversight and inspection
- Consultants specialising in public financial management
- Graduates and professionals seeking a career in public sector auditing