Finance Accounting and money markets

Auditing financial statements, risk assessment and internal control - Dubai 13 January 2025

Auditing financial statements, risk assessment and internal control - Dubai 13 January 2025

 :  835

Course Objectives:

  • Acquiring the essential skills to audit the financial data of an organization.
  • Ability to detect and address errors and fraud.
  • Capability to assess future risks that may affect the organization.
  • Understanding and applying the internal audit process, analyzing the existing audit system, and improving it.
  • Understanding, analyzing, and reviewing the organization's financial statements.
  • Knowledge of modern international standards for auditing and reviewing final accounts.
  • Understanding and applying the concept of internal auditing through case studies.

Scientific Themes:

The Nature of International Auditing Standards and Review Processes: 

  • A historical overview of the introduction of international auditing standards.
  • An overview of some key international standards for the auditing process.
  • Fundamental principles applied in review processes.
  • Basic principles applied to governmental auditing in general.
  • Review of financial statements and preparation of case reports.
  • Practical study of the review process, including preparations and tools for its implementation.

 

The Internal Audit Process and Its Stages:

  • Financial auditing, including:
  • Review of cash budgets.
  • Review of financial statements.
  • Review of company strategies based on financial audit results.
  • Ensuring the effectiveness of the existing control system.
  • Practical application of the internal audit process for the above items.

 

Examining and Evaluating Internal Control Systems:

  • Structure of the modern internal control system.
  • Performance standards for internal control systems.
  • Effectiveness standards of the internal control structure under the Sarbanes-Oxley Act.
  • Preliminary examination of internal controls.
  • Standards for examining and evaluating the effectiveness of internal controls.
  • Procedures and stages for evaluating internal controls.
  • Methods for preparing evaluation reports on the effectiveness of internal controls.

 

Internal Control Systems for Operations:

  • Objectives of internal control systems and their relation to preventing and detecting fraud and error.
  • Components of an internal control system.
  • Internal control of cash operations (banks) and cash funds (receipts and payments).
  • Internal control of procurement and inventory.
  • Internal control of wages and related aspects.
  • Internal control of revenues and expenses, identifying key areas, and tightening control over them.
  • Internal control system for actual working hours.
  • Internal control system for logistical operations within the organization.
  • Diverse examples of the above-mentioned cases based on company practices.

 

Risk Assessment After Auditing and Treatment Methods:

  • Types and classifications of risks.
  • Inherent risk.
  • Control risk.
  • Detection risk.
  • Study and assessment of audit risks according to American, British, and international audit standards.


  From: 
  To: 

  Country: United Arab Emirates

  Course Duration: 5 Days

  Session Duration:
(5 hours)   -
United Arab Emirates Time

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