Auditing Skills Training

Auditing Skills Training

Master the Essentials of Auditing with Expert Training

 Solomon people solutions offers a comprehensive Auditing Skills Training course designed to help professionals develop audit planning, execution, reporting, and communication skills. This auditing training course equips participants with the expertise needed to evaluate and enhance governance, risk management, and internal control processes.

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Medium of Instruction: English
Duration of the program: 16 hours

Program Overview

This two-day auditing skills training program is structured to provide participants with a strong foundation in internal and external auditing, covering key auditing methodologies, regulatory frameworks, and best practices. Through a mix of theoretical knowledge and practical case studies, participants will gain confidence in conducting audits and reporting findings with accuracy and clarity.

Learning Objectives

  • Understand the fundamental principles of auditing and their real-world applications.
  • Plan and execute an internal audit and external audit from start to finish.
  • Assess internal controls, risk management, and compliance frameworks.
  • Identify and document audit findings clearly and effectively.
  • Develop actionable recommendations for process improvements.
  • Utilize best practices for audit documentation and reporting.
  • Improve your ability to communicate audit results to stakeholders.

Target Audience

This course is ideal for: 

  • Internal auditors looking to enhance their auditing techniques.
  • External auditors aiming to refine their audit processes.
  • Compliance officers responsible for regulatory adherence.
  • Risk management professionals involved in business risk assessments.
  • Finance professionals handling audit responsibilities.
  • Managers and supervisors overseeing internal controls and governance.
  • Individuals aspiring to build a career in auditing.

Program Outline

Introduction to Auditing

  • What is Auditing? Definition, purpose, and significance in business.
  • Types of Audits: Internal vs. External, compliance audits, operational audits, and financial audits.
  • The Audit Cycle: Key phases of auditing, from planning to reporting.

Audit Standards and Frameworks

  • Key Auditing Standards: International Standards on Auditing (ISA), Generally Accepted Auditing Standards (GAAS).
  • Regulatory Bodies: PCAOB, IAASB, and other audit governing organizations.
  • Ethical Standards for Auditors: Independence, integrity, and professional ethics.

Audit Planning and Risk Assessment

  • Understanding the Business Environment: Identifying key business risks.
  • Developing an Audit Plan: Setting objectives, scope, and audit methodology.
  • Audit Documentation: Maintaining audit trails, working papers, and evidence collection records.

Executing an Audit Effectively

  • Collecting Audit Evidence: Different types of audit evidence and sampling methods.
  • Conducting Fieldwork: Effective interviewing techniques, transaction testing, and control testing.
  • Using Audit Tools and Data Analytics: Leveraging audit software, checklists, and templates.

Audit Reporting and Communication

  • Drafting an Audit Report: Structure, key findings, and recommended improvements.
  • Effective Communication of Audit Results: Presenting findings to stakeholders and management.
  • Follow-up and Implementation: Ensuring corrective actions are applied.

Practical Exercises and Real-World Applications

  • Case Studies: Applying auditing principles to real-world audit challenges.
  • Role-playing Scenarios: Simulating audit interviews and investigations.
  • Group Discussions: Sharing best practices and insights with fellow auditors.

Review and Q&A Session

  • Recap of Key Concepts learned during the training.
  • Addressing Questions and Clarifications.
  • Feedback and Self-Evaluation.

Program Benefits

How you benefit attending this program?

  • Develop professional auditing expertise to conduct audits efficiently.
  • Gain the confidence to perform independent audits with precision.
  • Increase your career opportunities in auditing, compliance, and risk management.
  • Enhance your ability to evaluate and improve organizational processes.
  • Build connections with industry experts and professionals in auditing.
  • Stay up to date with the latest auditing trends, regulations, and best practices.

How your company benefits by sponsoring you to this program?

  • Improve audit quality and reliability, leading to better compliance.
  • Enhance internal controls and risk management strategies.
  • Ensure regulatory compliance and reduce audit-related risks.
  • Identify inefficiencies and opportunities for operational improvement.
  • Strengthen governance and financial transparency.
  • Boost stakeholder confidence in audit processes and financial integrity.

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