For internal auditors 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 seminar 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 seminar will help participants understand how key business processes relate to financial statements.
Course Outline
Information Flow from Business Process to Financial Statement
- Procurement
- Revenue
- Fixed assets
- Payroll and production cost
- Sales and marketing
- Financial reporting
Financial Statements
- Balance sheet
- Income statement
- Annual reports
- Analyzing financial statements
Financial auditing process
- Cover comprehensively the role of audit and control functions
- Facilitate interaction between staff in the audit and operations departments.
- Avoid problems arising out of shortcuts in procedures
- Know the modern and advanced techniques available in countering Insurance Fraud
Financial auditing process
- Identifying objectives
- Risk assessment
- Identifying controls
- Testing procedures
Course Outcome
- Cover comprehensively the role of audit and control functions
- Facilitate interaction between staff in the audit and operations departments.
- Avoid problems arising out of shortcuts in procedures
- Know the modern and advanced techniques available in countering Insurance Fraud