Auditing Skills
Auditing Skills Training from solomon people solutions enables you to grow in confidence in this competitor world
This two-day training is designed to provide participants with the key auditing skills required to evaluate and improve the performance of governance, risk management, and control systems. It addresses the essential elements of auditing, such as preparation, execution, reporting, and follow-up. Participants will learn the ability to perform internal audits confidently and successfully by combining academic knowledge with practical activities.
- Understand the fundamental ideas and principles of auditing.
- Plan and execute an audit from beginning to end.
- Evaluate internal controls and risk management procedures.
- Identify and report audit findings in a clear and straightforward manner.
- Make recommendations for changes based on the audit results.
- Use best practices for audit documentation and reporting.
- Communicate audit findings effectively to stakeholders.
This course is ideal for:
- Internal auditors
- External auditors seeking to enhance their skills
- Compliance officers
- Risk management professionals
- Finance professionals involved in audit processes
- Managers and supervisors responsible for internal controls
- Individuals aspiring to enter the field of auditing
- Introduction to Auditing
- 1.1 What is Auditing?
- Definition
- Purpose and importance
- 1.2 Types of Audits
- Internal vs. external
- Compliance, operational, and financial audits
- 1.3 The Auditing Process
- Overview of the audit cycle
- Audit Standards and Frameworks
- 2.1 Key Standards and Guidelines
- International Standards on Auditing (ISA)
- Generally Accepted Auditing Standards (GAAS)
- 2.2 Regulatory Bodies and Frameworks
- PCAOB, IAASB, etc.
- 2.3 Ethical Standards for Auditors
- Independence, integrity, and objectivity
- Audit Planning
- 3.1 Understanding the Business
- Risk assessment and materiality
- 3.2 Developing an Audit Plan
- Objectives and scope
- Audit strategy and methodology
- 3.3 Preparing Audit Documentation
- Working papers and audit trails
- Performing the Audit
- 4.1 Evidence Collection
- Types of audit evidence
- Sampling methods
- 4.2 Conducting Fieldwork
- Interviewing techniques
- Testing controls and transactions
- 4.3 Using Audit Tools and Techniques
- Data analytics
- Checklists and templates
- Reporting and Communication
- 5.1 Drafting the Audit Report
- Structure and content
- Findings and recommendations
- 5.2 Communicating Results
- Presentation to stakeholders
- Handling follow-up and implementation
- Practical Exercises
- 6.1 Case Studies
- Real-life scenarios and problem-solving
- 6.2 Role-playing Exercises
- Simulating audit scenarios
- 6.3 Group Discussions
- Sharing insights and best practices
- Review and Q&A
- 7.1 Recap of Key Concepts
- 7.2 Addressing Questions and Concerns
- 7.3 Feedback and Evaluation
How you benefit attending this program?
- Professional auditing abilities and knowledge will be enhanced.
- Improved capacity to perform audits independently.
- Improved employment possibilities in auditing and compliance.
- Increased confidence in assessing and improving organizational procedures.
- Networking possibilities with other experts in the subject.
- A thorough awareness of the finest auditing techniques.
How your company benefits by sponsoring you to this program?
By sponsoring you to this program, your organization will be able to:
- Improved audit quality and dependability.
- Improved internal controls and risk management.
- Increased conformity with regulatory regulations.
- Identifying operational inefficiencies and opportunities for improvement.
- Improved organizational governance.
- Increased trust in the truth and integrity of financial reporting.
