Executive Education · Finance
Financial Auditing for Internal Auditors
Build confidence in financial statements, audit analysis and reporting risks.
Programme overview
Build your professional perspective.
This course enables participants to explore concepts that go beyond basic accounting. It aims at enabling participants approach financial auditing with renewed confidence.
Learning outcomes
What you will work towards.
- Learn how key business processes relate to financial statements, as well as the impact of technology on financial auditing.
- Be able to analyze an organization’s financial statements using case study exercises
- Learn how to recognize “red flags” in financial statement reporting
Programme outline
Explore the key topics.
- Accounting and Auditing Review
- Understanding Accounting Rules, Equations, and Basic Principles
- Journal Entries for Accounting Purpose
- Financial Accounting Standards Boards (FASB’s) GAAP Hierarchy
- Financial Statements Overview
- Flow of Information from Source Documents to Financial Statement
- Components of a Financial Balance Sheet
- Income Statement Financial Accounts
- Key Ratios from Financial Statements
- Business Processes and Accounting
- Management-Level Reporting and Consolidated Financial Statement-Level Reporting
- Analysing Data Using Horizontal and Vertical Analysis
- Revenue Process Activities and Associated Rules
- Procurement Process Activities and Associated Rules
- Recall Key Revenue, Liability, and Inventory-Related Ratios
- Risk Assessment Template for Risk Analysis
- Basic Elements of Accounting Fraud
- Five Most Common Financial Games
- Calculating Financial Indices to use in Analysing Data
- Technology and Accounting
- ERP and Business Processes
Your next step
Plan your participation.
Ask about availability, programme arrangements or attending with colleagues.