Organization: Africa School of Project Management
Registration deadline: 05 Feb 2017
Starting date: 06 Feb 2017
Ending date: 10 Feb 2017
About ASPM.
The Africa School of Project Management (ASPM) was established in the year 2000 in Kenya as a membership based proffesional management organisation.The school was formed to address capacity building needs among development partners, donor organizations, Government agencies, International and private sector firms in Africa.
The school has been pivotal in capacity building in South Sudan, South Africa, Botswana, Eritrea, Ethiopia, Kenya, Uganda, Congo, Somalia, Tanzania, Burundi and Rwanda. The school has trained over 12,000 staffs who are involved in different projects and also conducted surveys, evaluations and research in different projects and businesses in Africa.
Broad Course Objective.
To internalize how to create and use progressive system and data centric audit tools and techniques for performing continuous auditing that will enable your organization to be in full compliance with the requirements, policy and procedures.
Learning outcomes
Delegates should be able to;
Plan and prepare for an internal quality audit
Develop a practical checklist to provide guidance during the audit
Use effective questioning techniques
Explain the basic concepts of auditing
Describe audit procedures
Describe audit reports
Use computers in auditing
Develop an internal audit report and present audit findings in a constructive manner
Determine the roles and responsibilities of an internal quality auditor
Aligning the Audit Function with the operation/business
Defining Data Mining/ Continuous Auditing
Maximizing the Use of Data
Data Analysis Methodologies: Logically Focusing the Audits on Critical Business Concerns
Defining a Continuous Audit Process for Maximum Effectiveness (including virtual audit
techniques)
Focusing Reporting on Outcomes Not Outputs
which data to mine to minimize audit resources and maximize audit outcomes by delivering business-focused recommendations that will bring about change
Who Should Attend?
· Registrar/Accreditation body Auditors
· Finance officers
· Finance managers
· Existing internal auditors who are looking to expand their skills.
Learning Content
Nature,purpose and scope of the audit
Definition of auditing, auditor and audit
Differences between auditing and accounting
Nature and purpose of International Standards on Auditing [ISAs]
Objectives of an audit
Types and timing of audits, internal versus external audit, continuous versus interim audit
Users of audited financial statements and auditors report
Advantages and disadvantages of auditing.
Client acceptance procedures
Background information about the client
Professional evaluation of ethics and competence of the firm
Engagement letter
Planning for the audit
Objectives of planning
Planning for a new client
Planning for an existing client
Developing the overall audit plan
Limitations of planning
Internal control system
Definition and purpose of internal control system
Features of a sound internal control system
Advantages and disadvantages of internal control system
Internal controls in practice, sales, purchases and cash
Ascertaining, recording and evaluating an internal control system
Errors and frauds-Definition and types, Indicators of errors and frauds
Role of internal controls with respect to errors and frauds
Audit evidence
Nature and source of audit evidence
Types of audit evidence
Techniques of gathering audit evidence
Limitations in gathering audit evidence
Preparation of working papers
Types of audit tests: compliance and substantive tests
Audit of major financial statement items
Audit of sales
Audit of purchases
Audit of cash and bank balances
Auditor’s report
Purpose of auditor’s report
Contents and elements of auditor’s reports
Qualities of audit report
Types of audit reports-unqualified and qualified
Consequences of various audit reports
Auditor’s use of the computer
Benefits and drawbacks of computerized accounting system
Ways in which auditors can use computers in the audit
Audit approach, auditing around and auditing through the computer [CAATS]
Emerging issues in auditing
Audit Documentation
Preparing and retaining documentation
Assembly of the final audit file
Confidentiality.
How to register:
Kindly, drop us mail at info@aspm.co.ke or apply through the online form..http://www.aspm.co.ke/index.php/online-application