About this Event
The offers the Course in Modern Strategies in Auditing and Financial Control in Accordance with International Standards on Auditing ISA to strengthen participants’ expertise in financial auditing, risk assessment, and internal control. The programme explores modern auditing methodologies, international standards, financial reporting practices, and effective control systems to support transparency, accountability, and organisational performance.
Participants develop practical knowledge of ISA applications, financial data analysis, audit planning, and compliance procedures. The course also examines risk-based auditing, governance, and modern auditing tools to help professionals improve financial oversight and support informed decision-making.
Objectives and target group
Who Should Attend?
- Staff of internal and external audit departments.
- Chartered accountants and financial auditors.
- Financial control and auditing officers in public and private institutions.
- Professionals working in governance, risk management, and compliance fields.
Knowledge and Benefits:
After completing the program, participants will be able to master the following:
- Enhance understanding of ISA standards and their practical applications.
- Develop modern skills for assessing financial and control risks.
- Enable participants to prepare and implement effective audit programs.
- Improve the ability to detect errors and irregularities and analyse their causes.
- Support the establishment of strong internal control systems compliant with international standards.
Course Content
- Introduction to International Standards on Auditing (ISA)
- Definition and importance of ISA in the financial environment
- Scope of application and accrediting bodies
- Relationship between international standards and local regulations
- Fundamental Principles of the Auditing Profession
- Objectivity, independence, and confidentiality
- Professional competence and due diligence
- Ethical conduct in the workplace
- The Integrated Audit Cycle
- Audit stages from planning to reporting
- Relationship between auditor and client
- Tools for evidence collection and verification
- Audit Planning
- Analysis of internal and external environments
- Setting objectives and defining the time frame
- Selecting appropriate samples and procedures
- Risk Assessment and Internal Control
- Understanding and documenting internal control systems
- Identifying potential weaknesses and deficiencies
- Methods for evaluating financial risks
- Risk-Based Auditing
- Applying risk-based auditing methodologies
- Prioritising audit procedures according to risk level
- Allocating resources based on risk assessment
- Fieldwork Procedures in Auditing
- Conducting detailed data examination
- Verifying accounting processes and entries
- Comparing results against standards and policies
- Evidence Collection and Documentation
- Types of evidence used in auditing
- Quality and sufficiency standards for evidence
- Techniques for documenting audit results
- Analysis of Results and Observations
- Comparing outcomes with expectations
- Identifying causes of deviations
- Formulating financial and professional observations
- Audit Report Content and Structure
- Overall structure of reports according to ISA
- Types of audit reports and their meanings
- Drafting findings and concluding remarks
- Recommendations for Control Improvement
- Providing actionable and practical recommendations
- Linking recommendations to risk sources
- Monitoring the implementation of recommendations
- Communication Skills with Stakeholders
- Presenting the report to senior management
- Discussing findings with audit and governance committees
- Managing feedback from stakeholders
- Digital Transformation in Auditing
- Tools for big data analysis
- Automating routine audit processes
- Using artificial intelligence in financial analysis
- Compliance with International Quality Standards
- Quality requirements in auditing processes
- Reviewing work to ensure standards compliance
- Developing sustainable internal audit plans
- Auditing in Complex Risk Environments
- Understanding technology-related risks
- Auditing multinational organisations
- The auditor’s role in crisis management and continuous compliance
Event venue & nearby stays
British Academy, 133 Kilburn Lane, London, United Kingdom
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