CATEGORY TYPE: Finance & Accounting

COURSE NAME:Finance Internal Auditing


UPCOMING EVENTS


START DATE END DATE CITY/COUNTRY PRICE Request
This course can be scheduled at your convenience, to request this course please click here
INTRODUCTION:

 

For internal auditors and managers who want to understand and expand their roles related to financial reporting, as well those who simply need a "refresher" course on financial accounting concepts, this course is the ideal way to get up to speed. Beyond a basic accounting class, this course will enable participants to approach financial auditing with renewed confidence.

Taking on such topics as "common recipes for cooking the books," and covering information flow from business process, to financial statement, and more, this course will help participants understand how key business processes relate to financial statements, as well as the impact of information technology on financial statements

OBJECTIVES:

 

Define key accounting terms and understand accounting rules, equations, and basic principles.

 Understand what journal entries are and demonstrate how they are used for accounting purposes.

 Understand GAAP hierarchy and identify the rules, rule makers, and rule breakers.

 Understand the financial auditing process and recall The IIA Practice Advisories associated with financial auditing.

 Identify the basic COSO principles of internal control, including key controls and their characteristics.

 Identify finance-related management assertions and learn how to utilize them in the audit process.

OUTLINE:


Accounting and Auditing Review

Define key accounting terms and understand accounting rules, equations, and basic principles.

 Understand what journal entries are and demonstrate how they are used for accounting purposes.

 Understand GAAP hierarchy and identify the rules, rule makers, and rule breakers.

 Understand the financial auditing process and recall The IIA Practice Advisories associated with financial auditing.

 Identify the basic COSO principles of internal control, including key controls and their characteristics.

 Identify finance-related management assertions and learn how to utilize them in the audit process.

Financial Statements – An Overview

Identify financial statements.

 Identify the purpose and use of a financial balance sheet.

 Identify the purpose and use of income statements.

 Understand how to properly review a balance sheet and income statement.

Business Processes and Accounting

Identify the difference between management and financial auditing.

 Recall how vertical and horizontal analysis can be used in audits.

 Understand revenue process activities and recall the types of revenue-related accounts and associated rules.

 Understand the procurement process, including activities, types of accounts, and process rules.

 Understand fixed assets, including fixed asset process activities, types of accounts, and process rules.

 Identify types of revenue- and liability-related ratios.

 Recall where to find useful FASB references.

Recipes for Cooking the Books

 Identify the basic elements of an accounting scandal (fraud).

 Identify the five most common financial "games."

 Understand the use of analytical procedures in fraud detection.

Technology and Accounting

Understand the risks associated with end user computing.

 Understand how spreadsheets are used within business, what the characteristics of spreadsheets are, and spreadsheet risks to be aware of.

 Identify what Enterprise Resource Planning (ERP) is and how it is used within a business.

 Identify application controls and how to integrate an application review into a financial audit.

DURATION:
    • 5 Day(s)
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    The presentation is generally appealing to me. The dedication & devotion of the instructor are both laudable & admirable.
    Mohammed F. Alotaibi
    Sabic

    Really this course is important for any inspector, so I will recommended it for our employees. And thanks a lot!
    Ahmed Al-Yami
    Sabic

    You are doing excellent bringing such very talented instructor. Please keep it up.
    Ahmed Afifi
    Al-Zamil CoolCare

    I would like to appreciate you as well as the instructor for a good training due to the fact that the helping to gain new information about the types of valve with advantages and disadvantage as well. Many thinking.
    Zaki Ali Aldawood
    Sabic

    This course was very beneficial and helpful to understand one of the Major NDT method. I encourage ITC to continue with this performance.
    Talal Saad AlHasawi
    Sabic

    ITC service was in overall excellent. Thanks.
    Wael M. Morsy
    Mobily

    This course was good and a nice guide to the PMP exam. Thanks.
    Yazeed Mohamed Mreki
    General Authority of Civil Aviation (GACA)

    It was good course & good preparation with excellent instructor. Thanks a lot.
    Faisal Mahdi Al-Qahtani
    Sabic

    It was a nice course to have. I suggest taking this course with the same instructor to other people. Thanks for the instructor for his kindness & helfull during the course.
    Abdul-Moniem Al-Humoud
    Sabic

    It is very important course, which enable us to improve our knowledge to work approaching our big account and can be recall us the key account. This is will support us to active result for the best of the Co.
    Mohammed Amjad
    Al-Suwadi Services

    The instructor is highly and technical knowledgeable in explaining all the subject in the course taken.
    Noel V. Garan
    Coldstorec Group Of Saudi Arabia

    Instructor was well prepared and knowledgeable I gain lot of useful information.
    Gulam Khan
    Saudi Aramco

    It was a good learning experience. Got to know the concept involved in key account.
    Muthuraman Nachiappan
    Al-Suwadi Services

    The instructor Mr. Ahmed Sabry has a very nice spirit.
    Salam Fakhoury
    Al Khodari Company

    It is very useful to us and increase our knowledge.
    Mohammed Rashed Afifi
    Al Khodari Company

    The course is excellent and helpful. It help me in organizing the work in more safe manner.
    Muzammil Hayat
    Al Khodari Company

    The instructor is very knowledge and hard working, his way of teaching is very good.
    Ibrahim Darwish
    Al Khodari Company