Auditing financial statements and compliance for internal audit managers in

As an Internal Audit Director, one of your primary responsibilities is to provide assurance that your organization's financial statements are reliable and comply with applicable laws and regulations. This training course is designed to help you develop the knowledge and skills you need to effectively audit financial statements and compliance.

Objectives

The objectives of this course are to:
- Provide an understanding of financial statement auditing standards and guidelines.
- Discuss the role of Internal Audit in financial statement auditing and compliance.
- Explore compliance risk assessment and management techniques.
- Identify tools and techniques for auditing financial statements and compliance.
- Discuss the legal and regulatory requirements related to financial statement auditing and compliance.
- Provide guidance on audit reporting and communication.

Who Should Attend this Course

This course is designed for Internal Audit Directors who are responsible for auditing financial statements and compliance within their organization. It is also suitable for Internal Auditors who want to develop their skills in auditing financial statements and compliance.

Course Outline

Day 1: Introduction to Financial Statement Auditing and Compliance

- Understanding financial statement auditing and compliance.
- The role of Internal Audit in financial statement auditing and compliance.
- Financial statement auditing standards and guidelines.
- Compliance risk assessment and management.

Day 2: Auditing Financial Statements

- Developing a financial statement audit plan.
- Evaluating internal controls over financial reporting.
- Testing and sampling techniques for financial statement audits.
- Analyzing financial statement disclosures and notes.

Day 3: Compliance Auditing

- Understanding compliance audit standards and guidelines.
- Developing a compliance audit plan.
- Evaluating internal controls for compliance.
- Testing and sampling techniques for compliance audits.

Day 4: Legal and Regulatory Requirements for Financial Statement Auditing and Compliance

- Understanding legal and regulatory requirements for financial statement auditing and compliance.
- Internal controls and compliance frameworks.
- Audit reporting and communication.
- Fraud and ethics considerations.

Day 5: Auditing Financial Statements and Compliance in Practice

- Case studies and practical examples of financial statement auditing and compliance.
- Applying financial statement auditing and compliance techniques in your organization.
- Course wrap-up and next steps.

Outputs

By the end of this course, you will have:
- Developed an understanding of financial statement auditing standards and guidelines.
- Learned how to audit financial statements and evaluate internal controls over financial reporting.
- Gained knowledge of compliance audit standards and guidelines.
- Learned how to develop a compliance audit plan and evaluate internal controls for compliance.
- Explored legal and regulatory requirements related to financial statement auditing and compliance.
- Developed skills in audit reporting and communication.
- Learned how to apply financial statement auditing and compliance techniques in your organization.
We hope that this course will help you to develop the knowledge and skills you need to effectively audit financial statements and compliance in your organization.

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.