The system and the successful institution strive to set strict standards to ensure that any opportunities for financial or administrative corruption are eliminated. This requires the ability of the staff and the inspection and control departments to detect fraud and financial corruption by controlling the funds of the entities under its control. Each successful institution must verify that revenue collection and disbursement operations at all stages have been carried out in a systematic and fundamental manner in accordance with laws, rules, financial and accounting systems. The control and audit departments are also responsible for verifying that the financial systems and processes in force in the controlled entities, both manual and electronic, are based on a sound financial system in terms of recording, recording, keeping books, records and financial statements in accordance with the financial policies and auditing and accounting standards for each. In addition, the examination and review of personnel decisions to verify their conformity with the laws, regulations and decisions in force.

Course objectives

• The participant’s definition of international auditing standards and their importance and applications.
• Provide the participant with the skills, methods and information required to implement international auditing standards in a practical and effective manner.
• Introducing the participants to the most important problems facing the auditors and how to solve them.
• Provide the participant with the necessary information and skills to write reports efficiently and effectively in accordance with international auditing standards.
• Introducing the participant to the latest developments on international auditing standards.

Participant benefit from this program by identifying:

• Examine contracts and agreements to verify that they have been made within the appropriation limits.
• Monitor the investments of the institution and loans concluded by the public moral persons in order to ensure: the safety of the financial conditions contained in the loan contract and the verification of the principal of the loan and its benefits in accordance with the rules prescribed in this regard.
• Control of the funds of the controlled entities, whether the funds are owned by them or are intended to carry on their activities or have been transferred to them any other entity.
• Inspecting the warehouses, warehouses and properties belonging to the entities subject to control and auditing their books, records and documents related to them manually or electronically as well as checking the integrity of the annual inventory.
• Examine the processes of dissolving, integrating or separating any of the entities subject to the SAI’s supervision in order to verify the validity and safety of the financial and legal centers at the date of such transactions.
• Audit the general closing account as well as the final accounts and financial statements of the audited entities.

Targets of the course:

• Many employees can participate, such as those working in external oversight, who are responsible for the financial and administrative control of the state institutions and the private sector. Leaders and employees of supervision and inspection departments, planning and followـ،up of institutions and companies and candidates for those jobs. Who deal with other countries in corruption cases.

The course includes:

Part one

• Introduction of international auditing standards
• The role of the international federation of accountants ]IFAC [ in the development of audit review
• The origin and purpose of the international audit standards
• Types of international auditing standards
• Challenges facing the audit profession following the issuance of international auditing standards
• The auditor’s new tasks to activate his oversight role in business organizations
• The auditor used the financial risk model to conduct an analytical examination of the current financial statements
• The use of the auditor for the methods of statistical forecasting models in the evaluation of future financial evidence
• The use of the auditor for the regression method in evaluating the sustainability of business organizations
• Using the correlation method to detect fraud in financial statements
• Use of the benchmarking in analyzing and evaluating financial performance

 Part two

• Evidence and statistical samples under international auditing standards
• Evidence in light of ISA No.500
• Evidence of proof in the review
• Evidence of tangible physical evidence
• Evidence of intangible evidence
• Specific factors for the adequacy and relevance of the guide
• The most important evidence of proof in the review
• Audit samples in the light of ISA No.530
• Concepts and terminology used in statistical sampling method
• Examinations for the implementation of audit tests
• Determine the sample size
• Methods of selection of sample items
• Evaluation of sample result

 Part three

• Relative importance and subsequent events in the light of international auditing standards
• Subsequent events ـIFRS 560
• Types of subsequent events
• Disclose subsequent events
• Sources of access to information on subsequent events requiring adjustments or disclosure
• Auditor’s responsibility for subsequent events
• The relative importance of auditing ـIAS 320
• The objective of the standard
• The concept of relative importance ـ as defined by the IASB
• Foundations of relative importance
• Relationship between relative importance, level of risk and audit evidence
• The relative importance of errors detected

Part four

• Fraud, fraud and auditor’s report in the light of international auditing standards
• Fraud ] fraud [ and error in light of ISA No.240
• Types of fraud and types of errors
• Assess the risks of fraud or error by the auditor
• Modern methods used to increase the ability of reviewers to detect errors and fraud
• The extent of responsibility of management and references in preventing and detecting fraud and error
• The auditor’s report on the financial statement in light of IAS 700
• The most important content in the internal auditor’s report
• Beneficiaries of audit reports