Empowering People, Developing Leaders 023 966 967 / 015 728 123/ 011 888 711

EFFECTIVE INTERNAL AUDIT AND TECHNIQUES

24 -25 August 2019

The basic purpose of auditing is to confirm the authenticity of books of accounts prepared by an accountant, and to determine the true and fair picture of accounts, and the book of accounts with supporting documents in order to detect and prevent fraud and error. 

Audit provides a lot of benefit like:

  • Vouching  and verification of book of accounts
  • Independent opinion issuing
  • Ethical checking
  • Reliance by external users
  • Prevention, detection of fraud and error of book of account on time.
  • Protection of the rights and interests of share holder
  • Ensure compliance with level requirement
  • Strengthen internal control to prevent risk of the business
Course Structure:  

The certificate course in Effective Internal Audit and Techniques spent approximately 16 hours, OR is offered a 2-day period. The course is based on a participatory, active learning approach, group discussions. An Action Guide for this training course, by Mr. SEA SODA, Finance and Accountancy Services Consultant. Participants will receive a Certificate of Participation upon successful completion of the course. The maximum number of participants is 20.

How you will benefit:   

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

  • Understand the scope and role of Audit
  • Understand professional standards and ethics of audit
  • Understand the internal control and internal audit of the business
  • Understand the sampling and interview technique
  • Understand audit technique and tools to gather evidence
  • Understand assertion of Financial Statement
  • Understand the risk areas of the business
  • Understand Audit methodology (Phase of audit work)
  • Be able to prepare working paper and working files of audit documentation
  • Be able to prepare audit program for specific areas of audit
  • Be able to audit operation and finance of business (revenue, expenses, Cash, Inventory, Trade Receivable, PPE, Trade Payable…etc.,)    

Who should attend

This crucial course is designed for Auditors, Financial Controller Accounting, Finance Professionals, Accounting and Finance student, Accountant and Senior Accountant, Accounting and Finance Managers, Whom want to work as auditors and anyone who is interested in the course or Freelancers in Accounting consultancy.

What You Will Cover

 

Module 1: An Auditing Initiation

Module 2: Internal Control and Internal Audit 

  • Definition of Auditing
  • Objective and Feature of an Audit
  • Why is there a need for an Audit?
  • Role of Auditors in detecting errors and frauds
  • Relation between Book-keeping,  Accountancy and Auditing
  • Professional Standards and Ethics of Audit
  • Scope and Procedures of Audit
  • Advantages and Limitations of Auditing
  • How to be a good auditor?
  • Internal Statement of Audit (IAS)

A. Effective System of Internal  Control 

1. Objective of Internal Control

2. Function of Internal Control

3. Internal Control Concept

B. Internal  Audit

1. What is internal Audit?

2. Purpose of Internal Audit

3. Function of Internal Audit

4. Key qualities of internal auditor

Module 3: Performing the Initial Auditing Steps

Module 4: Audit Practice Example 

  • Audit cycle
  • What are being audited
  • What is audit risk?
  • Assertion of Financial Statement
  • Possible arrears mistake or errors
  • Audit technique and procedure to obtain audit evidence
  • Common Audit Techniques
  • Sampling techniques
  • Interview technique
  • Type of audit evidence
  • Audit tools to obtain evidence
  • Why need audit documentation?
  • Audit Working Paper and working files
  • Internal Audit Methodology (Planning, Preparation, Execution, Reporting and Follow up)
  • Analytical Procedure
  • Cash and Bank           
  • Inventory
  • Trade receivable
  • Property, Plant and Equipment
  • Trade Payable
  • Long term liability
  • Revenue
  • Purchases and expenses audit

Location & Fee

  • Date:         24th - 25th August 2019
  • Time:         8:00am- 12pm /1:00pm-5pm
  • Venue:       Sunway Hotel, Phnom Penh 
  • Fee:           $245 (VAT= 0%)
  • Early Bird:  $195
  • The Fee Includes: Lunch, Refreshment, Materials, and Certificate of Completion 

Our Trainer Profile

Mr. SEA Soda 

Finance and Accountancy Services Consultant

Education: Masters of Business in Finance, RULE, Bachelors in Economic Business, NUM, Tax Agent Certification from General Tax Department.

Experiences: Mr. SEA Soda is an experienced finance professional with practical experience of training and consulting in the fields of accountancy and finance. Throughout his career and personal life, he has earned rich experiences with Accounting and Audit for more than 10 years.

Currently, Mr. Soda is a consultant on finance and accountancy services to the clients with diversifying sectors such as Service, Trading, Manufacturing, Microcredit, NGO, Restaurant and Hotel, Construction. Agricultural Industry and so on; otherwise not only the account and audit, but he also has built his experiences and expertise in Cambodian taxation as well. Mr. Soda has delivered training on Practical Accounting, and Computerized Accounting System to many of his clients.

Register Now

General Note: 

  • All our courses can be facilitated as Customized In-House Training course.
  • Course duration is flexible and the contents can be modified to fit any number of days.
  • The course fee includes facilitation, training materials, 2coffee breaks, and a Certificate of successful completion of Training.
  • FREE Consultation and Coaching provided during and after the course.

Other Available Training Courses

Contact:       023 966 967 (Office)
                     015 728 123 (Smart)
                     092 888 411/ 011 888 522 (Cellcard)
 
Address:    #9A, St. 370, Sangkat Boeng Kengkang I, Khan Chomkarmorn, Phnom Penh 
Facebook:  @edicambodia
Email:         training@edi-cambodia.org

 

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