Best Practices for Internal Auditors/Part IV: Analyzing and Testing Key Accounting Processes v1.1
This course provides an overview of the best practices for internal auditors with respect to analyzing and testing key accounting processes. Specifically, this course is intended to provide an overview of the integrated accounting environment and discuss the procedures an internal auditor should consider when analyzing and reviewing the billing, disbursement, payroll, and financial reporting process. In addition, this course will also provide relevant discussions of the methodology and road map to conduct a process review, describe what is included within a transaction walkthrough, and assist an internal auditor in identifying potential red flags within these key accounting processes.
Learning Objectives:
After completing this course, participants should be able to:
- Recognize the overall mapping of accounting and financial reporting processes to significant accounts.
- List the common steps involved in a typical process review and analysis.
- Differentiate between the key aspects in a typical process flow.
- Identify the key steps involved in a walkthrough.
- Recognize red flags within the billing, disbursement, payroll, and financial reporting process.
- Recognize common findings within the billing, disbursement, payroll, and financial reporting process.
Prerequisites/Advanced Preparation:
Details
Course Code
:
99CHA06A
Release Date
:
02/16/2023
|
Expire Date
:
01/31/2025
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Credits
:
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Length
:
1hr 40min
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Course Level
:
Basic
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Course Type
:
QAS Self-Study
|
Passing Grade
:
70%
|
Mobile Compatible
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Field Of Study
:
Auditing
|
|
Theme
:
Internal Audit Best Practices
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