Financial Review and Internal Auditing Conference

Overview:

Introduction:

This conference guides auditors through the required standards for performing their duties. It provides modern tools and advice for conducting audits effectively and flexibly, based on results, to support the strategic goals of the company, enhance sustainability, and improve its ability to face future challenges.

Conference Objectives:

By the end of the conference, participants will be able to:

• Understand the internal audit environment, its scope, and function within the company.
• Distinguish between types of internal audit tasks related to operations, compliance, or financial audits.
• Grasp the concept of auditing and its objectives.
• Evaluate internal control systems and identify their strengths and weaknesses.
• Engage in analytical and critical discussions of internal auditing standards.
• Describe the guidelines related to internal auditing and apply techniques to identify risks, controls, and testing procedures.

Target Audience:

• Auditors of the Audit Bureau.
• Internal auditors.
• External auditors.
• Financial accountants.
• Financial analysts.
• Cost accountants.

 Conference Outline :

Unit 1:

Financial Control:

• Financial control environment.
• Audit Bureau Law.
• Announcements and recommendations of international and regional organizations for supreme audit institutions.
• Professional conduct rules.
• Applicable laws and regulations.
• Introduction to financial control: Its concept, objectives, and relationship with external auditing.

Unit 2:

Scope of Financial Control:

• Objective scope.
• Organizational scope.
• Neutrality (independence): Independence of the supreme audit institution, independence of the head of the institution, independence of the audit staff.
• Planning of audit work.
• Evidence collection and proof techniques.

Unit 3:

Investigation:

• Cash audit in the fund.
• Cash audit in banks.
• Supplies audit.
• Subsequent events.
• Techniques and methods of investigation in financial control.

Unit 4:

Internal Auditing:

• Auditing standards.
• The concept and importance of internal auditing.
• Internal auditing tools and techniques.
• The role of internal auditing in enhancing financial control.
• Challenges facing internal auditing and ways to address them.

Module 5:

Internal Control Systems:

• Designing and evaluating internal control systems in various areas.
• Elements of effective internal control systems.
• The role of internal control systems in protecting assets and ensuring the accuracy of financial reports.
• Techniques for evaluating the effectiveness of internal control systems.
• Examples of practical applications of internal control systems in institutions.