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Claudelle von EckChief Executive Officer of the IIA SA

Financial Auditing for Internal Auditors In the Public Sector (FAIA-PUB) 13-15 September 2017
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Internal auditors are increasingly being tasked with renewing or expanding their focus on financial auditing. This course will enable auditors to approach these tasks with renewed confidence. This is not a basic accounting class. Participants should have an understanding of basic accounting.

2017-09-13 to 2017-09-15
When: 13-15 September 2017
Registration starts at 8am
Where: Edenvale
Edenvale
Johannesburg, Gauteng 
South Africa
Contact: Project Coordinator: CPD & Events

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Presenter/s: Deon
Duration: 3 Days
CPD Hours: 24
Fees
ex VAT
inc VAT
Member:
R6 175.44
R7 040
Non-Member:
R7 485.97
R8 534

How will this course benefit you?

After completing this course, participants will be able to:

  • Identify and develop constructive audit findings
  • Discuss audit findings with clients
  • Obtain agreement with management to take corrective action
  • State the objectives and methods of reporting
  • Develop an audit report outline
  • Compile an effective report
  • Provide guidance and constructive feedback on a report

Course Content

Review of Accounting Principles

  • Debits and credits
  • GAAP / IFRS / GRAP


Information Flow from Business Process to Financial Statement

  • Procurement to financial statement
  • Revenue
  • Fixed assets
  • Payroll and production cost
  • Sales and marketing
  • Financial reporting


Financial Statements

  • Balance sheet
  • Income statement
  • Annual reports
  • Analyzing financial statements


Common Recipes for Cooking the Books

  • The big ones -- Enron, WorldCom, etc.
  • Common manipulations
  • Motivations



IT Applications

  • Basics of application audits


Financial auditing process

  • Identifying objectives
  • Risk assessment
  • Identifying controls
  • Testing procedures


Emerging Trends

  • Sarbanes-Oxley update
  • Audit roles
  • Keeping current


Who should attend?

Internal auditors who want to understand and expand their roles related to financial reporting. Internal auditors who need a "refresher” course on financial accounting concepts. Managers who want to expand their knowledge of financial reporting and controls.

Level 1
Entry or introductory level for those requiring a fundamental understanding of the subject.
Level 2
Internal auditors who are already practicing internal audit and have a basic understanding of the subject
Level 3
Supervisory/competent/senior internal auditors: those who already have a sound, practical grasp of the fundamentals of internal auditing and manage staff

A 10% discount applies if 2 or more participants from the same company attend this course.
Please be advised of the event terms and conditions.
Delegates are also requested to review the content and the levels of the courses presented before booking, to ensure they are attending the right course.

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