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Course of Final Accounts Review and Auditing

Course of Final Accounts Review and Auditing

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Overview

Course Outline

Schedule & Fees

Overview
Why Attend

This course offers this training program on Final Accounts Review and Auditing, which aims to provide participants with a comprehensive and in-depth understanding of the latest concepts and techniques used in reviewing financial statements and conducting audits. This program is designed to meet the needs of professionals working in finance and accounting by focusing on practical aspects and professional standards governing the auditing process in various organizations.

Today, organizations increasingly rely on audit outcomes to make precise strategic decisions, making it essential for financial teams to be able to evaluate and analyze data scientifically and objectively. The program also focuses on developing participants’ skills in examining and assessing accounting systems, understanding the internal control environment, and differentiating between types of financial reports, thereby enhancing performance efficiency and ensuring financial compliance.

Course Objectives

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

Who Should Attend?

  • Professionals working in accounting and financial audit departments.
  • Staff at legal accounting offices and financial consultancy firms.
  • Financial controllers in organizations and companies.
  • Chief Financial Officers seeking to understand modern audit methodologies.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

  • Understand the overall framework of the financial auditing process.
  • Learn how to prepare and review financial statements in accordance with international standards.
  • Acquire technical skills in evaluating financial and control systems.
  • Analyze financial risks and identify weaknesses in accounting systems.
  • Use auditing tools to detect errors and potential financial fraud.
Course Outline
  • Theoretical Framework of Auditing
    • Definition of auditing and its importance in the financial environment.
    • Differences between internal and external audits.
    • Legal and ethical responsibilities of auditors.
  • Types of Audits and Their Scope
    • Auditing financial statements and verifying their accuracy.
    • Compliance audits with regulations and laws.
    • Operational and administrative audits.
  • International Standards on Auditing (ISA)
    • Introduction to the international auditing framework.
    • General principles and professional objectives.
    • Auditor responsibilities in applying standards.
  • Auditor Ethics and Conduct
    • Independence and integrity in professional performance.
    • Confidentiality and objectivity in handling data.
    • Addressing conflicts of interest and organizational pressures.
  • Data and Preliminary Information Collection
    • Studying the organization’s financial environment.
    • Analyzing previous information and past year reports.
    • Determining the nature and scope of audit activities.
  • Audit Planning
    • Setting general and specific audit objectives.
    • Assigning tasks and creating a timeline.
    • Identifying tools and methods to be used.
  • Internal Control Component Analysis
    • Organizational policies and procedures.
    • Documentation and transaction controls.
    • Functional workflows and responsibilities.
  • Testing Control Effectiveness
    • Tools to measure control system efficiency.
    • Identifying gaps and failures.
    • Evaluating the level of risk and potential fraud.
  • Document Examination and Verification
    • Reviewing invoices and accounting records.
    • Analyzing double-entry bookkeeping and account reconciliation.
    • Matching data with supporting documents.
  • Gathering Audit Evidence
    • Using sampling and analysis as information sources.
    • Conducting interviews with staff and managers.
    • Linking financial and non-financial evidence.
  • Balance Sheet Review
    • Verifying current and fixed assets.
    • Reviewing liabilities and obligations.
    • Assessing shareholders’ equity fairly.
  • Income Statement and Cash Flow Analysis
    • Reviewing revenues and expenses accurately.
    • Evaluating annual financial performance.
    • Analyzing the relationship between profits and cash flows.
  • Components of the Final Audit Report
    • Summarizing financial audit findings.
    • Providing professional recommendations and observations.
    • Drafting the report in precise and objective language.
  • Types of Audit Reports
    • Unqualified (clean) and modified reports.
    • Qualified and adverse reports.
    • Determining the impact on financial statements.
  • Audit Risk Management
    • Definition of audit-related risks.
    • Risk classification and quantitative assessment.
    • How to respond to risks in the audit plan.
  • Using Financial Analysis to Identify Risks
    • Financial ratios as detection tools.
    • Early warning indicators.
    • Studying historical trends and fluctuations.
  • Electronic Auditing
    • Auditing using accounting software.
    • Examining digital databases.
    • Challenges in information security and privacy.
  • Using Analytical Software
    • Big data tools in auditing.
    • Tracking financial operations digitally.
    • Predicting financial risks using artificial intelligence.
Schedule & Fees
2026 Schedule & Fees
USD 2,700
Per participant
  • 20 - 24 Sep, 2026
  • English
USD 2,700
Per participant
  • 20 - 24 Sep, 2026
  • Arabic
USD 2,700
Per participant
  • 25 - 29 Oct, 2026
  • English
USD 2,700
Per participant
  • 25 - 29 Oct, 2026
  • Arabic
USD 2,700
Per participant
  • 20 - 24 Dec, 2026
  • English
USD 2,700
Per participant
  • 20 - 24 Dec, 2026
  • Arabic
2027 Schedule & Fees
USD 2,700
Per participant
  • 24 - 28 Jan, 2027
  • English
USD 2,700
Per participant
  • 24 - 28 Jan, 2027
  • Arabic
USD 2,700
Per participant
  • 21 - 25 Mar, 2027
  • English
USD 2,700
Per participant
  • 21 - 25 Mar, 2027
  • Arabic
USD 2,700
Per participant
  • 25 - 29 Apr, 2027
  • English
USD 2,700
Per participant
  • 25 - 29 Apr, 2027
  • Arabic
USD 2,700
Per participant
  • 20 - 24 Jun, 2027
  • English
USD 2,700
Per participant
  • 20 - 24 Jun, 2027
  • Arabic
USD 2,700
Per participant
  • 25 - 29 Jul, 2027
  • English
USD 2,700
Per participant
  • 25 - 29 Jul, 2027
  • Arabic
USD 2,700
Per participant
  • 19 - 23 Sep, 2027
  • English
USD 2,700
Per participant
  • 19 - 23 Sep, 2027
  • Arabic
USD 2,700
Per participant
  • 24 - 28 Oct, 2027
  • English
USD 2,700
Per participant
  • 24 - 28 Oct, 2027
  • Arabic
USD 2,700
Per participant
  • 19 - 23 Dec, 2027
  • English
USD 2,700
Per participant
  • 19 - 23 Dec, 2027
  • Arabic