Business > Accounting & Finance

Auditing Essentials

Skillsoft presents Auditing Essentials.

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₹6,378.75

Auditing Essentials

₹6,378.75

Course Features

Learn on Your Own
Over 5 Hours
Certification Course

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₹6,378.75

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Course Features

Learn on Your Own
Over 5 Hours
Certification Course

Don't have time?

We can send you everything you need to know about this course through email.

We respect your privacy. Your information is safe and will never be shared.

Course Description

Skillsoft is your trusted global provider of high-quality, innovative, cloud-based learning with all aspects of e-learning covered including Business Skills and Leadership, IT Skills and Certification, Digital Skills and Compliance. Skillsoft engages learners with interactive courses, enlightening videos and practical simulations, allowing for learning in the modality that works best for them.

 

The following courses are included in this purchase:

  • Auditing Essentials

Access Timeframe
6 month access to course content beginning on date of registration.
Type of Certification
Certification of Completion
Format of Certification
Digital and Print
Method of Obtaining Certification
Certificate of Completion can be accessed and printed from the learner's Skillport Account.
Additional Details
The completion certificates can be awarded only for assets that can be marked completed like courses, business impact/challenge series, testprep. The passive assets like books/videos would not be completed and certificates cannot be awarded.

Course Outline

OVERVIEW
The audit function has become very important over the years. Various stakeholders are applying greater pressure on companies to increase transparency and strengthen corporate governance initiatives. Auditing is used as a tool to evaluate the quality of an organization's output, including the people, systems, and procedures, as well as financial statements. Today’s auditors are multifaceted individuals who have a broad experience and understanding of how different business components operate and interact with one another. This course helps you understand what auditing entails. It includes a description of the objectives and benefits of auditing to various parties, as well as the different types of audits that can be conducted by internal or external auditors. It describes the four phases of the general process for auditing, which are planning, gathering evidence, evaluating evidence, and issuing a report. And it outlines some general auditing standards to indicate what's required from the auditors in terms of skills and attitudes, as well as in terms of standards to meet at different stages of the auditing process.
TARGET AUDIENCE
Managers, departmental leaders, prospective auditors, and all individuals interested in or involved in the auditing function in their organization, and those looking for an introduction to the audit function
DURATION
1.0 hours
OBJECTIVES

Introduction to Auditing

  • identify how different stakeholders can benefit from auditing
  • determine the type of audit that must be carried out in a given scenario
  • identify statements or actions made by an auditor that indicate he or she has the right qualities when conducting an audit
  • match stages of the auditing process to examples
  • describe how auditing standards are met in a given scenario


OVERVIEW
Strong corporate governance is a feature shared by some of the world's most highly reputable and successful companies. It is a set of processes, behaviors, and rules used to ensure that company employees act in the best interest of the company's stakeholders. An important aspect of good corporate governance is the company's ability to establish strong internal controls and risk management processes to meet stated objectives. Internal and external auditors provide opinions on the ability of these systems to manage various risks inherent in the company's business. In this course, you will learn how to assess internal control and risk management processes as part of an audit. You'll learn what internal control is and examine its components: the internal control environment, identifying and assessing sources of risk, internal control procedures, information and communication, and monitoring. The course also outlines how to select which internal control procedures to review in an audit and what actions to take based on the outcomes of this review, as well as how to assess internal control in an organization that uses the enterprise risk management (ERM) framework.
TARGET AUDIENCE
Managers, departmental leaders, prospective auditors, and all individuals interested in or involved in the auditing function in their organization, and those looking for an introduction to the auditing function
DURATION
1.0 hours
OBJECTIVES

Auditing for Internal Control and Risk Assessment

  • identify what internal control aims to achieve
  • follow steps to assess internal control processes as part of creating an overall audit plan in a given scenario
  • match components of internal control to examples
  • determine whether a given internal control procedure requires further testing
  • identify the general principles to follow when auditing an organization that uses the ERM framework
  • sequence examples of the phases to take to review the ERM framework


OVERVIEW
Modern corporations often operate in a global context and are required to collect volumes of information to be used for future decisions or to be included as part of the organization's financial statements. The systems and processes used to capture, manipulate, and communicate this information must be dependable, accurate, and safe. Auditors are required to provide reasonable assurance that the information flow within these systems and processes is not fictitious, but represents true economic transactions, is as complete and accurate as possible, is accounted for at the correct periods, and is properly classified and recorded in the financial statements. This course examines the audit function related to the revenue cycle, specifically the auditing of sales data flow through the systems and processes that capture and record it. First, it looks at the objectives of the revenue transaction cycle audit. Then it describes the revenue cycle and how to perform control tests and substantive tests to assess how well the stated objectives are being met. The course ends with presenting the auditor's findings and recommendations to the audit committee and management.
TARGET AUDIENCE
Managers, departmental leaders, prospective auditors, and all individuals interested in or involved in the auditing function in their organization, and those looking for an introduction to the audit function
DURATION
1.0 hours
OBJECTIVES

Auditing the Revenue Cycle

  • sequence examples of the steps of the sales process
  • match transactions of the sales cycle to audit objectives
  • determine how internal controls related to the sales transaction cycle should be examined in a given scenario
  • recognize the appropriate testing strategy to use in a given scenario
  • describe how the audit of the revenue cycle is reported


OVERVIEW
Managers, investors, and various other stakeholders use a company's detailed financial information to plan various budgets, investment profiles, and risk measures, among other things. When auditing a company, the auditor's job is to ensure that all the financial information is reasonably accurate as well as provide feedback on areas that seem to have weak internal controls. Auditors are particularly concerned with the cash and inventory accounts, as these can easily be manipulated through fraudulent activities and prone to material misstatements. Cash is especially at high risk because it can be easily transferred. This course describes what auditors have to consider when auditing cash and inventories. It presents the methodology for auditing cash, which consists of listing the audit objectives for cash transactions and performing a series of tests on internal controls and on recording transactions to ensure these objectives are met. The course also describes how the risks related to inventories are identified. And it outlines the different types of tests that can be performed to determine whether the reporting of physical flow of inventories and their related costs is correct.
TARGET AUDIENCE
Managers, departmental leaders, prospective auditors, and all individuals interested in or involved in the auditing function in their organization, and those looking for an introduction to the audit function
DURATION
1.0 hours
OBJECTIVES

Auditing for Cash and Inventories

  • identify the responsibilities of the auditor in auditing cash
  • describe auditors' considerations when auditing inventories
  • recognize appropriate objectives for auditing cash transactions
  • identify appropriate tests to perform to audit the recording of cash inflows and outflows
  • describe analytical procedures that can be used to identify any misstatements that may affect costs of goods reported
  • identify the types of tests to perform when auditing the physical flows of inventories


OVERVIEW
Business fraud is a potential issue for any company. This Business Impact stresses the need for employers to protect themselves by using audits to detect fraudulent activities.
TARGET AUDIENCE
Financial personnel and any individuals interested in gaining essential business finance knowledge
DURATION
0.1 hours
OBJECTIVES

Using Audits to Help Prevent Business Fraud

  • Not Available


OVERVIEW
Generally taken near the end of a program, Final Exam: Auditing Essentials enables the learner to test their knowledge in a testing environment.
TARGET AUDIENCE
Individuals seeking practice in a testing environment, covering the skills and competencies being measured by the courseware.
DURATION
0.8 hours
OBJECTIVES

Final Exam: Auditing Essentials

  • Not Available


Course Features

Learn on Your Own
Over 5 Hours
Certification Course

Don't have time?

We can send you everything you need to know about this course through email.

We respect your privacy. Your information is safe and will never be shared.