Financial Auditing and Control

المراجعة والرقابة المالية

Description:

This 5-day course will provide a framework of practical information for a clear understanding of financial auditing and control. This course provides guidelines for establishing a system of internal controls and internal audits that will safeguard assets especially cash.

Goal:

To enhance the participants’ Knowledge, Abilities and Skills necessary to employ the financial controls and audits and to safeguard assets especially cash, and prepare the financial and control reports.

Objectives:

By the end of the course the participant will be able to:

  • Define internal auditing and internal control

  • Determine the Elements of manual and computerized internal control system

  • Evaluate internal control system with a great concentration on cash

  • Develop internal control system for cash and related accounts (Payments, collections, credit and receivable, Accounts payable and disbursements, investing or borrowing.

  • Manage financial risk

Outlines:

  • Internal control: Definition, Pillars, Types, Procedures and Methods of Evaluation
  • Internal auditing: Definition, Scope, Standards and Professional Ethics
  • Evaluation of internal control system
  • Special Audit Techniques:
  • Evidential matters
  • Sampling
  • EDP audit
  • Financial analysis and auditing
  • Auditing Procedures
  • Physical inventory methods
  • Documentary audit
  • Cash Auditing and Control:
  • Payments System
  • Credit and Accounts Receivable
  • Collections
  • Cash Concentration
  • Accounts Payable and Disbursements
  • Forecasting Cash Flows
  • Investing
  • Borrowing
  • Financial Risk Management

Who Can Benefit?

Controllers, finance managers, executives and staff of internal control department