AUDITING ORGANIZATIONAL PROCESSES AND PROCEDURES FOR RESULTS
Details
By completion of this workshop participants will be able to:
- Understand the nature of compliance and substantive testing
- Understand the various techniques of audit sampling
- Understand the principle of evaluation of the risk of material error or misstatement going undetected
- Discuss the use of sampling as a valid audit technique including its limitation
Outline
Audit Testing
- Compliance testing
- Substantive testing
*Audit Sampling
- Basis of sampling
- Points to consider before sampling
- Sampling risk
- Designing the sample
*Sampling Methods
- Random sampling
- Simple sampling
- Random systematic selection
- Value weighted selection
*Analytical Review Procedures
- Definition and introduction
- Key analytical review procedures
- Documentation
- Timing
- Challenges
*Analytical Procedures
- Comparisons with previous periods
- Trends and ratio analysis
- Budgets and forecasts
- Challenges in output levels
*Accounting Systems and Internal Controls
- Internal controls
- Control procedures
- Limitations of internal controls
- Control activities in specific areas of a business
FOR WHOM: All Internal Auditors and Risk Managers in the Public and Private Sectors.
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Schedules
Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.