Analytical and Auditing Skills (1 Week)
Analytical and Auditing Skills
Introduction
Audits play a crucial role in evaluating and ensuring the effectiveness of internal control systems. They help organizations verify that their operations align with established goals and objectives by assessing performance and productivity through business records and transactions. Additionally, audits minimize risks, detect fraud, and provide investors and stakeholders with reliable insights into an organization’s financial health and management efficiency.
The foundation of audits lies in the collection and examination of data. While many companies generate vast amounts of data, converting it into actionable insights remains a challenge. Strong analytical skills are essential for interpreting data accurately, forming fact-based conclusions, and guiding organizations toward sound decision-making in complex scenarios. These skills also help establish a robust audit trail and mitigate potential risks.
This training course on Analytical and Auditing Skills is designed to empower participants with the ability to uncover critical insights from data under time constraints and adhere to consistent standards for high-quality analytical work.
Training Objectives
- Gain insight into how data analysis enhances decision-making processes.
- Master techniques for cleansing and organizing data sets.
- Learn to select and apply the most suitable analytical methods for various scenarios.
- Develop the skills needed to conduct thorough and effective audits.
- Create clear and concise reports, utilizing graphs and charts to present findings effectively.
Course Outlines
Day 1
Analytical Skills
- Steps in the Analytical Process
- Organizing and Collecting Data
- Evaluating Data and Addressing Information Gaps
- Communication
- Creativity
- Critical Thinking
- Research
- Qualitative Analysis
Day 2
Quantitative Analysis
- Continuous Variables
- Charts and Graphs
- Mean
- Standard Deviation
- Normal Distribution
- Discrete Variables
- Patterns and Seasonality
- Correlation vs. Causation
Day 3
Data integrity
- Data Cleansing – duplicates
- Data Cleansing – outliers
- Common vs. Special Causes
- Control Chart
- Pareto Analysis
- Indices
Day 4
Auditing Skills
- The Responsibilities of an Auditor
- Attributes of Effective Auditors
- Planning & Preparation
- Developing Audit Documentation
- Conducting an Audit
- Effective Questioning
- Collection and Analysis of Objective Evidence
- Maintaining Independence
Day 5
Reporting
- Identifying Improvement Opportunities
- Developing and Documenting Audit Findings
- Discussing and Preparing Audit Conclusions
- Using Graphs and Charts as Appropriate
- Presenting Findings and Conclusions
- Follow-up
DATES & LOCATIONS
Amsterdam
Madrid
Istanbul
MUNICH
PARIS
BRUSSELS
AMSTERDAM - MADRID - ISTANBUL - MUNICH - PARIS - BRUSSELS
REF: AA-1101
4250
Individual fee
- COURSE DATES
- 07 APR - 11 APR 2025
- 21 APR - 25 APR 2025
- 05 MAY - 09 MAY 2025
- 19 MAY - 23 MAY 2025
- 09 JUN - 13 JUN 2025
- 23 JUN - 27 JUN 2025
- 07 JUL - 11 JUL 2025
- 21 JUL - 25 JUL 2025
- 04 AUG - 08 AUG 2025
- 25 AUG - 29 AUG 2025
- 08 SEP - 12 SEP 2025
- 22 SEP - 26 SEP 2025
- 06 OCT - 10 OCT 2025
- 20 OCT - 24 OCT 2025
- 03 NOV - 07 NOV 2025
- 17 NOV - 21 NOV 2025
- 01 DEC - 05 DEC 2025
- 15 DEC - 19 DEC 2025
Special Price for Groups
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