More light will be shed on the true role of oversight committees and internal audit offices, the extent of their influence, and the effective role they can play in directing work and correcting many administrative and financial decisions.
Internal audit is an independent, objective assurance and advisory activity that aims to add value and improve the company's operations. It also helps the company achieve its objectives by following a systematic and structured approach to assess and improve the effectiveness of governance, risk management and control processes. Of course, this definition is according to the Institute of Internal Audit.
Changes in the regulatory body and the corporate governance environment have greatly increased the expectations of many stakeholders with regard to the internal audit function. The Financial Review and Internal Audit Conference guides internal auditors through the standards required to perform this task. Audit in an effective and flexible manner based on results in order to support the strategic objectives of the company, improve sustainability and benefit from its ability to face future challenges.
Introduce the internal audit environment, scope and function within the company.
Distinguish the types of internal audit assignments related to operations, compliance, or financial auditing.
Become aware of the audit concept and its objectives.
Evaluate internal control systems and identifying their strengths and weaknesses.
Perform Analytical and critical discussion of internal auditing standards.
Plan the work of the internal auditor and defining his rights, duties and responsibilities.
Describe the guidelines related to internal auditing and the application of techniques for identifying risks and identifying and testing controls.
Choose the appropriate test tools used in internal auditing and mention the advantages and disadvantages of each.
Determine the best sampling methods in the internal audit assignment in terms of sample size or sample selection.
Acknowledge fraud and the responsibility of the internal auditor when detecting fraud.
Auditors of the Court of Accounts.
Internal auditors.
External auditors.
Financial accountants.
Management accountants.
Financial analysts.
Cost department heads.
Cost accountants.
Warehouse, purchasing and sales officials
Financial control environment.
Court of Accounts Act.
Declarations and recommendations of international and regional organizations of supreme audit institutions.
Code of professional conduct.
Laws and regulations in force.
Recognized assets.
Personal judgments.
Definition of financial control:
its concept.
its goals.
The relationship between it and the external audit.
Organic domain.
Neutrality (independence):
The independence of the supreme oversight body.
The independence of the head of the device.
The independence of the supervisory staff.
Control work planning.
Evidence and means of obtaining it.
Check cash on hand.
Checking cash in banks.
Check supplies.
Subsequent events.
Reports:
Reporting standards.
Report formats.
A wide variety of practical cases.
Introducing the review.
The concept of revision.
Review objectives.
Formulas revision.
Audit criteria:
American auditing standards.
international auditing standards.
internal audit standards.
its concept.
its goals.
its basic components.
formulas.
its means.
Documentation methods.
Designing and evaluating internal control systems in some areas:
Because supervisory levels are the link between the executive and senior management levels, achieving the organization's objectives, increasing productivity and overall performance of the organization, affects the effectiveness and efficiency of supervisors' performance.
And because of the skills of supervisors in any organization in need of continuous development, and to acquire advanced tools and methods that reflect on the deepening of these skills and activate their role in motivating individuals working, and push them to commit to the goals of the organization.
You need this conference to learn about supervisory skills and advanced methods, to be able to play an effective and supervisory role in your organization.
In every organization, care is taken to manage risks, by seeking to eliminate those that can be removed, and reducing and managing the remainder. Part of this process involves developing robust contracts which apportion risk equitably and include a structure of indemnities with contractors, supported by a comprehensive insurance regime. In addition, it is important that contract personnel understand contractual risks and what insurance can (and cannot) do to remove the financial consequences of such risk; always remembering that insurance only mitigates the effect of risk, it does not make the risk itself go away.
A truth about life is our interdependence. Everything we accomplish within an organization is through the efforts of people working together. In spite of our technological advances, our competitive advantage lies in our ability to work effectively with other people.
This course is designed to provide leaders and professionals with a set of transformational tools and techniques to help them maximize their own and their team’s creative potential in a strategic context. Its starting-point is self-discovery: participants will work on the inside first and then focus outwards to impact on the world of business.
A company plan gives the entire organization a vision and a course to follow. All employees inside a corporation must have distinct objectives and adhere to the organization's direction or mission. This vision can be provided by a strategy, which also keeps people from losing sight of the objectives of their organization.
Inspirational leadership is a highly creative and intrinsically interpersonal activity to which people positively respond. As a leadership style, it demands that leaders employ their strengths with effect, where behaviors and values are paramount and where trust is established. This structured program seeks to explore the personal traits that make leaders inspirational in the context of their organization's strategy and culture. It offers a learning experience in which tools and techniques are employed to build leadership capability and a strategic response to the challenges of the role.