This conference explores the relationship between financial audit and internal audit, focusing on the methodologies and strategies used to ensure accuracy, compliance, and risk management in financial reporting and internal processes. It empowers participants to effectively manage both financial and internal audits to drive organizational transparency and accountability.
Understand key differences and roles of financial and internal audits.
Apply financial audit methodologies for accurate financial reviews.
Develop risk-based internal audit strategies for effective risk management.
Create and communicate comprehensive audit reports to drive improvements.
Leverage advanced audit technologies to enhance audit efficiency and security.
Financial Auditors.
Internal Auditors.
Audit Managers.
Compliance Officers.
Finance Professionals.
Key differences and similarities between financial and internal audits.
The role of financial audits in validating financial statements.
The purpose of internal audits in improving organizational processes.
Compliance with international financial reporting standards (IFRS, GAAP).
Aligning internal and financial audits with organizational objectives.
Overview of the financial audit process: planning, execution, and reporting.
Testing financial statement assertions: completeness, accuracy, and validity.
Methods of Conducting substantive procedures and analytical reviews.
Auditing key financial areas: revenue, expenses, assets, and liabilities.
Identifying and addressing financial misstatements and irregularities.
The role of internal audit in risk management and corporate governance.
How to conduct risk-based internal audits to identify and mitigate operational risks.
Evaluating internal controls over financial reporting (ICFR).
Strategies for developing and implementing an internal audit plan based on risk assessments.
Enhancing audit outcomes through continuous monitoring and improvement.
Best practices for writing comprehensive financial and internal audit reports.
Importance of Presenting audit findings to management and the board.
Communicating recommendations for corrective actions and improvements.
Using audit reports to drive financial integrity and operational efficiency.
Ensuring audit results contribute to organizational transparency and compliance.
Overview of audit automation tools and their benefits in streamlining audit processes.
Leveraging robotic process automation (RPA) in audit tasks to improve efficiency and accuracy.
Integration of cloud-based audit solutions for real-time data access and collaboration.
Impact of artificial intelligence (AI) on predictive auditing and anomaly detection.
Future trends in auditing: Big data, blockchain, and AI-driven analytics.
Ensuring cybersecurity and data protection within automated audit systems.
