The "Accounting Auditing and Internal Audit" course offered by the British Academy for Training and Development is an ideal opportunity for professionals in the field of accounting and internal auditing to deepen their knowledge and skills in this vital area. The course aims to provide participants with a comprehensive and precise understanding of the core concepts in internal auditing and financial accounting through studying the latest global standards and best practices followed in the sector.

In this course, participants will learn about the foundations of internal auditing and the crucial role of auditing in ensuring the integrity and transparency of financial transactions within organizations. The course will also cover how to prepare and implement audit plans, data collection techniques, gathering accounting evidence, risk assessment, and the role of auditing in strengthening internal control systems within financial institutions.

By the end of the course, participants will be able to apply the acquired knowledge to their daily work and achieve high levels of efficiency in internal auditing, adhering to professional and ethical standards.

Who Should Attend?

• Accountants and internal auditors looking to enhance their professional skills.
• Financial management employees in companies and institutions.
• Students and graduates interested in working in the field of auditing and financial review.
• Professionals seeking in-depth knowledge about internal audit and auditing standards.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• To enhance their deep understanding of the fundamentals of internal auditing and review.
• To develop financial analysis skills and how to assess accounting practices.
• To introduce participants to international internal auditing standards and how to apply them in business environments.
• To enable participants to prepare and implement comprehensive and effective audit plans.
• To improve participants' ability to assess and audit accounting and auditing systems in financial institutions.

• Introduction to Accounting and Internal Auditing

  • Definition of accounting and auditing: their differences and similarities.
  • The importance of internal auditing in managing financial risks.
  • The fundamental role of internal auditors in ensuring compliance with standards.

• Basic Principles and Concepts of Internal Auditing

  • Concepts of internal auditing and defining its scope.
  • The organizational structure of the internal audit department.
  • The difference between internal and external auditing.

• Internal Auditing Standards

  • International internal auditing standards.
  • The importance of applying standards to ensure integrity and transparency.
  • A comparison between local and international auditing standards.

• Stages of the Internal Auditing Process

  • Planning the auditing process: setting objectives.
  • Implementing internal auditing: collecting and analyzing evidence.
  • Monitoring audit results and reporting.

• Techniques for Data Collection and Evidence in Auditing

  • Methods used to collect accounting evidence.
  • Analyzing financial data during the auditing process.
  • Using technology to collect and analyze evidence.

• Risk Assessment in Internal Auditing

  • Identifying and analyzing risks in the workplace.
  • How to assess financial and accounting risks.
  • Risk mitigation techniques during the auditing process.

• Financial Report Analysis

  • How to read and analyze financial reports.
  • Auditing financial statements and ensuring their accuracy.
  • Identifying errors and manipulation in financial reports.

• Internal Control and its Types

  • The concept of internal control and its objectives.
  • Types of internal control and how to implement them.
  • The role of internal control in improving auditing.

• Financial and Administrative Control Systems

  • Evaluating financial control systems in institutions.
  • The impact of internal control systems on financial performance.
  • Developing effective internal monitoring mechanisms.

• Preparing a Comprehensive Audit Plan

  • How to prepare a comprehensive audit plan.
  • Identifying priorities and objectives in the audit plan.
  • Guiding the team during the implementation of the audit plan.

• Auditing Financial and Accounting Processes

  • Auditing financial transactions and ensuring accuracy.
  • Analyzing accounting records and identifying errors.
  • Ensuring the correct application of accounting policies.

• Evaluating the Financial Performance of the Institution

  • Methods for evaluating the financial performance of the institution.
  • Analyzing financial indicators and their impact on auditing.
  • Using performance evaluation standards to identify risks.

• Auditing in Multiple Work Environments

  • Dealing with different and diverse work environments.
  • Auditing organizations operating in multiple countries or markets.
  • The impact of organizational culture on the auditing process.

• Ensuring Compliance with Legal Regulations and Legislation

  • Auditing compliance with local and international laws.
  • The role of internal auditing in ensuring compliance with regulations.
  • The importance of auditing tax reports and legal reviews.

• Evaluating and Auditing Accounting Systems

  • Analyzing and designing accounting systems.
  • Auditing electronic and digital systems.
  • Ensuring the accuracy of automation in accounting processes.

• Auditing Financial Institutions

  • Auditing banks and financial companies.
  • Risk analysis in financial institutions.
  • Auditing tools specific to financial institutions.

• Applying Internal Auditing in Small and Medium Enterprises

  • Auditing challenges in small organizations.
  • Building effective audit plans for medium-sized enterprises.
  • Adapting to the size and limited resources of the organization.

• Preparing and Presenting Internal Audit Reports

  • How to write internal audit reports.
  • Proper documentation of audit findings.
  • Presenting recommendations to senior management clearly and professionally.

• Handling Findings and Recommendations from Audit Results

  • How to follow up on audit findings and address them.
  • Managing recommendations and implementing required changes.
  • The role of internal auditing in improving processes.

• Comprehensive Evaluation of the Internal Auditing Process

  • Reviewing the performance of internal auditing within the organization.
  • Analyzing audit results and evaluating their impact.
  • Developing sustainable auditing strategies for the next year.