An effective audit helps organizations achieve goals and objectives by ensuring internal control systems are working effectively and efficiently. Audits reduce risk, protect against fraud and provide investors and shareholders with trusted information concerning financial statements and how well an organization runs.
The audit depends on the collection and analysis of data. Many companies have plenty of data but has very little information. The ability to analyze data and interpret the findings is a critical skill. It enables us to make correct assertions based on facts and helps companies make the right decisions in complex situations and mitigate risk.
This PetroKnowledge online training course on Analytical and Auditing Skills will develop the essential analytical skills through the analysis and evaluation of a series of real-world case studies with delegates responding to their “virtual manager” who will also guide them through the requirements of the business problem/situation.
- Steps in the Analytical Process
- Data Analysis: Collection, Cleansing Evaluation
- Presentation of Audit Data
- Mean, Variance & Standard Deviations
- Probability: Normal, Binomial & Poisson Distributions
- Correlation & Seasonality
- Planning & Preparation an Audit
- Conducting an Independent Audit
- Developing Audit Documentation
- Collection and Analysis of Objective Evidences
- Reporting: Presenting Findings and Conclusions
- Understand how data analysis can improve decision making
- Cleanse a data set
- Select and apply appropriate analytical methods
- Perform an effective audit
- Prepare succinct reports, including graphs and charts
- Engineers
- Design and Production Managers and Specialists
- Business Analysts
- Sales and Marketing Personnel
- Auditors and Quality Assurance Specialists
