Auditing Principles and Practices Training Course

The Auditing Principles and Practices Training Course is a structured professional program designed to provide participants with a comprehensive understanding of the principles, standards, and responsibilities governing the auditing profession. Offered by Geneve Institute of Business Management, the course focuses on the role of auditing in ensuring transparency, accountability, and reliability in financial reporting and organizational operations. It examines the purpose of audits, the professional framework within which auditors operate, and the ethical obligations that guide audit work. The program presents auditing as a disciplined and systematic process that supports sound governance, internal control, and stakeholder confidence. It is designed for professionals seeking a clear and practical understanding of how auditing principles are applied within modern organizations.

Target Group

• Internal and external auditors seeking to strengthen their understanding of auditing standards and professional practices.

• Accounting and finance professionals involved in preparing or reviewing financial information subject to audit.

• Risk management and compliance officers responsible for governance, control, and assurance functions.

• Managers and supervisors who interact with auditors and require awareness of audit processes and requirements.

• Public sector officials engaged in financial oversight, inspection, or regulatory roles.

• Graduates and early-career professionals pursuing roles in auditing, assurance, or financial control.

Objectives

• To provide participants with a solid understanding of the purpose and scope of auditing.

• To explain the fundamental principles and standards governing audit engagements.

• To enhance awareness of auditor roles, responsibilities, and ethical obligations.

• To develop understanding of audit planning, execution, and reporting processes.

• To strengthen knowledge of internal control systems and their relevance to auditing.

• To support informed interaction with audit findings and audit-related decisions.

Course Outline

Foundations of Auditing

• Purpose and Scope of Auditing

  • Role of auditing in promoting transparency, accountability, and confidence in financial information.

  • Objectives of auditing and its contribution to organizational governance and oversight.

  • Differences between auditing and other assurance or review activities.

• Types of Audits and Audit Functions

  • Financial, internal, and compliance audits and their respective objectives.

  • External and internal audit roles within private and public sector organizations.

  • Relationship between auditors, management, and governing bodies.

Auditing Standards and Professional Conduct

• Auditing Standards and Frameworks

  • Overview of generally accepted auditing standards and international audit frameworks.

  • Purpose of standards in guiding audit quality and consistency.

  • Application of auditing standards in different organizational contexts.

• Ethics, Independence, and Professional Responsibility

  • Ethical principles governing auditor behavior and professional judgment.

  • Importance of independence and objectivity in audit engagements.

  • Professional responsibility toward stakeholders relying on audit reports.

Audit Planning and Risk Considerations

• Audit Planning Process

  • Establishing audit objectives, scope, and timelines.

  • Understanding the audited entity and its operating environment.

  • Coordination of audit resources and responsibilities.

• Risk Assessment and Internal Control

  • Identification and evaluation of audit risks affecting financial statements.

  • Role of internal control systems in managing and mitigating risk.

  • Impact of control weaknesses on audit planning and focus areas.

Audit Evidence and Execution

• Audit Evidence

  • Characteristics of sufficient and appropriate audit evidence.

  • Sources and types of evidence used to support audit conclusions.

  • Reliability and relevance of audit information obtained.

• Audit Procedures and Documentation

  • Audit procedures applied to gather and evaluate evidence.

  • Proper documentation of audit work and professional judgments.

  • Importance of working papers in supporting audit opinions.

Audit Reporting and Follow-Up

• Audit Reports and Opinions

  • Structure and content of standard audit reports.

  • Types of audit opinions and their implications.

  • Communicating audit results clearly and professionally.

• Post-Audit Responsibilities

  • Management responses to audit findings and recommendations.

  • Auditor responsibilities following report issuance.

  • Role of audit results in improving governance and control.