The financial audit is an objective examination and evaluation of the financial statements of an organization to make sure that the financial records are a fair and accurate representation of the transactions they claim to represent. The audit can be conducted internally by employees of the organization or externally by an outside Certified Public Accountant (CPA) firm. This course is designed for participants to learn how key business functions interact with accounting processes, particularly in risk management, as well as how technology impacts financial auditing and reporting. They will gain experience in calculating key ratios and analyzing trends over time as well as performing risk assessments and how identifying possible instances of fraud. 

Learning objectives:

At the end of the program, participants will be able to:

• Learn how key business processes relate to financial statements
• Understand the impact of technology on financial auditing
• Analyze the organization's financial statements using case study exercises
• Calculate key ratios and analyze trends over time
• Understand common recipes for book cooking and engage in historical and current fraud cases
• Learn to recognize “red flags” in financial statement reporting

For Whom:

This program on risk-based internal audit is designed for internal auditors, senior internal auditors, internal audit managers, internal audit directors, chief audit executives, risk management professionals and risk managers