Course Objectives:

By the end of this course, participants will:

1. Gain a comprehensive understanding of financial and accounts auditing principles and standards.
2. Develop the skills to evaluate financial statements for accuracy, compliance, and completeness.
3. Identify and address financial risks, fraud, and irregularities through effective auditing techniques.
4. Understand the role of internal controls in financial governance and risk management.
5. Prepare and present actionable audit reports to enhance financial performance and compliance.

Course Syllabus:

Day 1: Introduction to Finance and Accounts Auditing

1. Overview of Financial Auditing
2. Audit Standards and Frameworks
3. Planning the Audit Process
4. Workshop: Developing an Audit Plan for Financial Statements

Day 2: Auditing Financial Statements

1. Understanding Key Financial Documents
2. Auditing Revenue and Expense Accounts
3. Auditing Assets and Liabilities
4. Practical Exercise: Identifying Discrepancies in Sample Financial Statements

Day 3: Internal Controls and Risk Management

1. Evaluating Internal Controls
2. Fraud Detection and Prevention
3. Risk Assessment and Management
4. Case Study: Analysis of Internal Control Weaknesses in Financial Processes

Day 4: Specialized Auditing Areas

1. Auditing Cash and Bank Transactions
2. Taxation and Regulatory Compliance
3. Audit Sampling and Evidence Collection
4. Workshop: Conducting a Detailed Audit of a Tax Account

Day 5: Reporting and Presentation of Audit Findings

1. Preparing Audit Reports
2. Communicating Audit Results
3. Capstone Project: Conducting a Comprehensive Financial Audit