Auditing is a means of evaluating the effectiveness of a company’s internal controls. Maintaining an effective system of internal control is vital for achieving a company’s business objectives, obtaining reliable financial reporting on its operations, preventing fraud and misappropriation of its assets, and minimizing its cost of capital. Both internal and independant auditors contribute to a company’s audit system in different but important ways.
In this training you will learn how to increase effectiveness of external audit in terms of human resources allocation, time and financial resource optimization. You will be able to improve the companies internal control system in relation to financial statements and internal audit. After having gained a deep insight on how to develop a project approach to the process of the company preparation to the external audit, you will learn how to build effective interaction of external and internal procedures. Finally, you will gain an insight of how to analyze the audit results and take further actions.