Know about Internal control Audit Services and Audit Training Courses

Posted by Stella Kingsley on September 3rd, 2016

Management finds it easy to believe that all the controls inside their organization are working quite efficiently. However, often, controls might not be working as desired, might not be completely implemented, or might not have been implemented initially at all, thus creating a big risk for the organization. The objective of implementing proper controls is to save the business from every kind of loss that might lead to a huge financial loss.

Internal control audit services can help fulfill these requirements through its expertise in fraud detection, process review, operational quality, regulatory compliance, and internal control. It’s help senior executives and boards in effectively managing enterprise risks and executing strategy by helping organizations with the protection of shareholder value and enhancement of value, quality, and effectiveness.

Efficient Internal Control Audit Services help a company achieve a lot with a comprehensive approach that produces practical solutions.

Companies offering internal control audit services usually provide the following services:

  • Internal Auditing
  • Fraud Detection and Prevention
  • Internal Control Review

Reputed companies also have effective internal management solutions that place the internal team totally in charge of their internal audit procedure from planning a yearly, declaring the plan, executing the audit, and compiling the documentation.

Audit Training Courses

These courses are important to a firm of chartered accountants. Internationally, the audit assurance quality is basic to decision-making by different stakeholders both inside and outside an establishment. Public has high expectations on reports provided by external auditors and opinions offered on a set of financial statements is taken as seriously as a physician’s prescription. It, thus, becomes essential for auditors to be careful, cautious, and professional in their job.

There are expert professionals who provide the much-needed support to auditors to make sure that the assurance on engagement is reliable and trusted. Technology and training-driven support is able to continually enhance the quality.

Audit Training Courses are usually designed to serve every cadre of auditors starting from the newest entrants to senior audit partners.

Basic audit training courses normally are:

  • Audit foundation course for the new entrants
  • Audit intermediate course for the auditors
  • Course for supervisors and managers
  • Yearly audit update for managers, partners, and audit supervisors

There are trainers who conduct in-house sessions or open training sessions for clients on the basis of the clients’ requirements and needs.

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Stella Kingsley

About the Author

Stella Kingsley
Joined: September 3rd, 2016
Articles Posted: 1