Advanced financial statement analysis and auditing techniques for financial audit specialists in

Advanced Financial Statement Analysis and Audit Techniques is a specialized course designed to equip Financial Auditing Specialists with advanced knowledge and skills to conduct financial statement analysis and audits more effectively. This course will provide participants with an in-depth understanding of financial statement analysis, including financial ratio analysis, and advanced audit techniques.

Objectives

The objectives of this training course are to:

Develop advanced financial statement analysis skills and techniques
Enhance knowledge of auditing principles and practices
Understand the principles of fraud detection and prevention
Develop effective communication skills in reporting findings
Gain knowledge of advanced accounting principles and standards

Who Should Attend this Course

This training course is designed for Financial Auditing Specialists, Internal Auditors, External Auditors, and anyone who is interested in learning about advanced financial statement analysis and audit techniques. It is also suitable for financial managers, accountants, and other finance professionals who want to enhance their skills in financial statement analysis and auditing.

Outline for 5 Days

Day 1: Advanced Financial Statement Analysis

Financial statement analysis techniques
Ratio analysis and interpretation
Common size analysis and trend analysis
Cash flow statement analysis
DuPont analysis
Day 2: Advanced Audit Techniques

Audit sampling techniques
Analytical procedures in auditing
Internal control evaluation and testing
Advanced auditing procedures for assets and liabilities
Materiality and audit risk
Day 3: Fraud Detection and Prevention

Fraud schemes and red flags
The role of the auditor in fraud detection and prevention
The fraud risk assessment process
Fraud risk management
Fraud investigation techniques
Day 4: Reporting Audit Findings

Communicating audit findings effectively
Writing audit reports
Reporting on internal control weaknesses
Reporting on compliance issues
Audit recommendations
Day 5: Advanced Accounting Principles and Standards

Revenue recognition standards
Inventory accounting
Depreciation and amortization
Fair value accounting
Accounting for contingencies and other long-term liabilities

Outputs

At the end of this training course, participants will have:

Advanced financial statement analysis skills and techniques
Enhanced knowledge of auditing principles and practices
An understanding of the principles of fraud detection and prevention
The ability to develop effective communication skills in reporting findings
Knowledge of advanced accounting principles and standards, including revenue recognition, inventory accounting, depreciation and amortization, fair value accounting, and accounting for contingencies and other long-term liabilities.

Throughout the course, participants will have the opportunity to work on practical exercises and case studies to apply the concepts and skills they have learned. The course will also include interactive discussions and opportunities for participants to share their experiences and insights.