Background in basic business process functionality
Fundamental background in Finance or Controlling
Auditing Overview, which will include a definition of operational and financial auditing. Review of the different types of auditors. Auditing terms, standards, and processes will be defined.
Roles of an internal auditor and a financial analysis in an operationa audit.
A review of the history and growth of the auditing process. This will include a review of the Security Act of 1933 and the security exchange act of 1934. Important Case Law in Auditing, the Foreign Corrupt
Practices Act and the Sarbanes-Oxley Act will be reviewed.
Major components of an Audit including – planning an audit; study, tes and evaluate internal controls; perform and evaluate substantive tests, and issuing of audit reports.
Evidence gathering which will include discuss on SAS #31, materiality, and relationship to AIS.
Analysis of Internal Controls which will include SAS #1, segregation o duties, and relationship to AIS.
Course length: 4 hours
Participant will need to have the appropriate software to run the E- Learning tools for delivery of this product.