If the word "audit" makes your team groan, you're not alone. Whether it's an internal review, a regulatory exam, or a full-blown financial audit, most finance and accounting teams face scrutiny from multiple directions.
DESIGNED FOR
Financial leaders, financial managers, CEOs, CFOs, controllers, accountants, board members, advisors, and consultants; CPAs in public practice and CPAs in industry; business owners, entrepreneurs and professionals who are interested in realizing more value from the organization.
BENEFITS
After attending this presentation, you will be able to...
- Distinguish between internal, external, and compliance audits
- Identify audit objectives and how to support them during engagements
- Prepare effectively for the planning and fieldwork phases
- Improve communication with auditors and reduce common audit friction
- Respond confidently and constructively to audit findings
HIGHLIGHTS
The major topics that will be covered in this course include:
- Types of audits: external, internal, compliance, regulatory, objectives of each audit type, and how they differ
- Aligning management’s role with auditor expectations
- What to expect in the planning phase
- Fieldwork survival tips and communication best practices
- Documentation dos and don’ts
- Responding to findings and building effective action plans
- Avoiding common audit pitfalls
PREREQUISITES
None, preferably at least six (6) months of professional financial statement analysis experience and/or at least six (6) months of professional experience in preparing or reviewing accounting processes and reports; experience working with internal clients
ADVANCE PREPARATION
None