AUDITING ORGANIZATIONAL PROCESSES AND PROCEDURES FOR GREAT RESLTS

OBJECTIVE
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

CONTENT
*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.
METHODOLOGY
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH: 14th – 17th Jan,2025
2ND BATCH: 9th – 11th June,2025