The main objective of this course is to focus on internal controls setting and the stakeholder's role in observing, assessing and applying the best practices of internal controls and its effect on outside auditors in audit performance planning and generating reports. The internal control training courses in Dubai will help you to develop know-how of internal control setting and responsibilities and roles of the respective stakeholders. If you practice this training course, you can successfully execute internal controls assessment risk and you can use it in outside audit procedures and planning.
As a participant, you will have the following outcome of the course such a as:
- Evaluating the success of Internal Controls
- Performing analysis of internal control risk
- Conducting external procedures of the audit with the help of internal evaluation controls.
Suitability of Training Courses
If you have practical and general knowledge of internal controls, then this course is suitable for you. It is more beneficial for people who are involved in auditing process or want to do some refreshing course to increase their technical skills and knowledge. The course is best for:
- External auditors interested in developing technical compliance and skills.
- Internal auditors making sure of their responsibility and role in the audit procedure.
- Accountants who want to broaden audit scope and their own responsibilities and role.
- Financial executives who want to have better accepting of internal controls setting.
- Any other expert interested in audit process for doing the analysis.
Program Objectives
- Perceptive of the Internal Controls settings
- Realizing stakeholders’ role and responsibilities
- Understanding techniques to evaluate and monitor Internal Controls
- Understanding the impact of risk effectiveness and efficiency
- Impact of audit on external control analysis
- Making an audit approach based on risk
The course is based on lectures, videos, the example from practical world, lessons, experiences and practicing assessments and sessions. The participants have to be active in individual group assignments and group activities. You can complete the course in 5 days and each day you will learn a different perspective of internal auditing.
Course Outline
Day 1
You will learn about corporate governance and roles of:
- Management
- Shareholders
- Audit internal committee
- Staff
- External auditors
- Board of directors
Day 2 - Internal Control Environment
- Objectives of internal audit
- Limitations
- Activities of internal audit
- Fraud
- Precision of control
Day 3 - Monitoring and Evaluation of internal control
- Walkthroughs and process development of internal controls
- Consistent monitoring of control
- Best practices implementation
Monitoring the Internal Controls
Day 4 - External Audit and Internal Controls
- Summary of risk analysis
- Risk assessment of controls
- Risk assessment of fraud
- Implementation and design of control activities
- Control over risk
- Description of system
Day 5 - Risk Management and Audit
- Standards and objectives of risk audit
- Defining procedures and program of audit
- Planning of risk audit
- Risk management