Auditing Based On Risks
Why to Study?
The SOX act & new auditing standards of USA has fundamentally transformed the internal auditing as a profession that was established over seventy years ago. The development of financial market in China has required enterprises to adopt new criteria for risks management and auditing . The auditing based on risks has become the basis for internal control、risk management and operations control. Meanwhile, the philosophy、paradigm and practices of auditing have also changed.
Courses Benefits:
1、 Share the auditing cases of the world class corp.
2、 Understanding the Scope of the auditing based on the risk management.
3、 Master the contents of risks identification
4、 Master how to implement the auditing based on risks.
5、 Understand the role of internal Auditing.
6、 Learn the latest auditing practices.
Who should attend?
Director of the auditing , auditing manager, auditing saff, and professional financial and accounting Staff.
Module One:
1、 Fraudulent cases.
2、 Analyze human weakness and company management .
3、 Chinese and International Auditing Standards Comparision
4、 Sino-American Auditing Standards Comparision
5、 General accepted Auditing Standard definition and tasks.
6、 How to set up the auditing team.
7、 The responsibilities of the managements
8、 Set up the auditing system based on the corp.condition.
Module two Recognizing the risks – auditing basis
1、 Module of risk managements
2、 Misunderstanding of the risks.
3、 Disaster incurred by misunderstanding of the risks.
4、 Tactics of risks managements
5、 Example of the risks
6、 COSO Frameworks 2013
7、 SOX2002
8、 Other country criteria.
Module 3 Internal Auditing tool & technology
1、 Planning the Auditing
2、 Auditing method based on risks
3、 Walking through & other technology
Model 4 How to identify the auditing Scope and key auditing points
1、 Two level auditing
2、 Identify the significant auditing points using the PKI.
3、 Identify the significant auditing area.
4、 Identify the significant key accounts numbers.
5、 Identify the key points in the process
Module 5 Internal Auditing Implementation &its etiquette
1、 Auditing engagement and planning
2、 Outline of the auditing
3、 Auditing etiquette
4、 Looking 、listening、asking、touching—identify the nature.
5、 Auditing sommunication skills
6、 Technology of identifying the evidents
Model 6 Hr Resources & IT Auditing
1、 Auditing on internal control environment
2、 Hr strategy auditing
3、 Hr Operating Auditing
4、 IT Auditing definition
5、 COBIT 5,0
6、 Utilizing of CAATS
Model 7 Business cycle Auditing
1、 Financial GL cycle
2、 Sub ledgers cycles
3、 Sales cycle
4、 Purchase cycles
5、 Material Cycles
6、 Production cycles
7、 R& D cycle
8、 Costs & Expenses Cycle
9、 Construction in Process
10、 Fixed Assets
11、 Investment Cycle
12、 Recon & Physical counting
Model 8 identify the weakness & Auditing Report
1. Identify the weakness
2. Form the auditing opinion
3. Internal auditing report
4. Whom to reports
5. How to write a good auditing report
6. 40 question on the auditing reports.
7. The relevance among objective risks and weakness.
8. The best auditing reports.
Model 9 looking forward on the auditing
1. Next Stage – identify the orientation auditing
2. The future of internal auditing –great banquet or famine
3. Enlightenment on internal auditing by globalization
