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:
Corporate social responsibility (CSR) is a management concept whereby companies integrate social and environmental concerns into their business operations and interactions with their stakeholders. CSR has been considered an efficient marketing tool for gaining the competitive advantages a company needs in order to be on top in the context of the current hyper-competitive environment.
You will learn vital skills for managing and creating content in this course. To help you establish a social media presence, you'll learn how to craft compelling social media posts and how to develop a powerful brand. Additionally, you'll discover how to create an ongoing procedure for handling your content. A content calendar should be created, postings should be managed and moderated, data should be analyzed for insights and iteration, and post effectiveness should be increased.
Are you under pressure from an ever-growing task list, conflicting demands and constantly changing priorities? Productive working practices are valuable skills in today’s work environment. Competition is intense and companies need people who can organize their time effectively, collaborate with others to achieve goals, and who constantly strive to better meet customer and stakeholder needs.
This popular course will support you to develop practices and techniques to manage this pressure proactively, allowing you to meet deadlines and deliver against your objectives. You will also develop skills in working well with others to ensure success.
The 5-Day Mini MBA is a unique distillation of the skills that need to be acquired in order to be considered successful in modern business. Not everyone is able to devote a year or two of their time to studying for a Masters in Business Administration, but in an age of rapid change in a highly competitive environment, it is crucial to have a thorough understanding of the issues involved in the smooth and successful running of a business. The 5 Day Mini MBA Leadership & Management Masterclass is a highly intensive training course covering all the usual subjects associated with an MBA. In 5 days, a delegate will learn what normally takes a year of full-time study. The Mini MBA course is designed to provide delegates with comprehensive knowledge of fundamental, proven strategies taught as both an academic and practical exercise. As a result, the course will provide a comprehensive understanding of the skills and knowledge that will be required for any person to further develop their business knowledge and skills and even to prepare them for actual formal study for an MBA. The course is designed to be delivered either as an “In House” class for an organization’s directors and senior management or as a public class where delegates from a number of companies can learn both from the course and from one another and exchange ideas and best practice.
Large capital-intensive projects in the oil and gas industries require substantial - and mostly risky - investments in the acquisition, exploration, and subsequent operation and maintenance of new organizational assets.
The decision of whether or not to invest in new capital projects in the oil and gas industry starts with critical decisions during the exploration phase of new development or the expansion of an existing field. The decision-making tools used to analyze project risk under conditions of uncertainty will help companies to determine the probability of success or loss and will drive the decision to develop or abandon the well.
Crisis management is concerned with responding to, managing, and recovering from an unforeseen event. Risk management is concerned with identifying, assessing, and mitigating any activity or event that could cause harm to the business. Risks can be strategic or operational in nature. A business continuity plan (BCP) is a process that outlines the potential impact of disaster situations on business operations. It creates policies that respond to various situations to ensure a business is able to recover quickly after a crisis.