As new ways of doing business emerge and organizations are digitally transformed, internal auditors update their strategies alongside these new…
As new ways of doing business emerge and organizations are digitally transformed, internal auditors update their strategies alongside these new frameworks and technologies. Some of the new technologies can directly benefit auditors and increase the effectiveness of internal controls. We also know that data and technology risks are a growing concern in the auditing sphere, but to combat this, we can maximize our knowledge base and use these tools to our advantage. Some audits are routine, and others are a response to interruptions and concerns that develop during the course of running the business.
In this Auditing for Emerging Business Needs course, you’ll learn about how executives and internal auditors maintain their understanding of new business frameworks, standards, and technologies. We’ll also learn how to handle cash audits and how to perform financial auditing for project management. This can ensure that cash accounts are managed and reviewed appropriately, and that projects are estimated accurately.
Learning Objectives:
- Understand the project management framework
- Identify how auditors assess controls
- Review the cash audit cycle
Skills you’ll gain
Agile AuditingAudit ManagementAuditingFinancial AuditingInternal AuditingManagement AuditingWhat You'll Learn
- Understand the project management framework as it applies to financial auditing
- Identify how auditors assess controls within new business frameworks and technologies
- Review the cash audit cycle to ensure cash accounts are managed appropriately
- Perform financial auditing for project management to estimate projects accurately
- Recognize how new technologies and finance teams affect internal auditing
Key Takeaways
- As new business frameworks and technologies emerge, internal auditors update their strategies and maintain their understanding of these changes.
- Some new technologies can directly benefit auditors and increase the effectiveness of internal controls.
- Data and technology risks are a growing concern in auditing, and auditors can use these tools to their advantage to combat them.
- Auditing cash helps ensure that cash accounts are managed and reviewed appropriately.
- Financial auditing for project management helps ensure that projects are estimated accurately.
Frequently Asked Questions
What does this course cover?
It covers how executives and internal auditors keep up with new business frameworks, standards, and technologies, how to handle cash audits, and how to perform financial auditing for project management.
What skills will I gain from this course?
The course builds skills in Agile Auditing, Audit Management, Auditing, Financial Auditing, Internal Auditing, and Management Auditing.
How is the course structured?
The course includes the lessons Introduction, Auditing Cash, Finance Teams and Technology's Effect on Auditing, Financial Auditing for Project Management, and a Test Your Knowledge assessment.
Who is this course for?
It is aimed at executives and internal auditors who want to maintain their understanding of new business frameworks, standards, and technologies and apply auditing to cash and project management.
Why is auditing for emerging business needs important?
Because data and technology risks are a growing concern in auditing, and as organizations are digitally transformed, auditors must update their strategies and use new tools to keep internal controls effective.
Transcript
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Do you need to initiate an audit? Sometimes leaders observe concerns outside of their normal auditing schedule and want to analyze how projects, cash or technology are being handled by various teams. Welcome to Knowledge City's course on auditing for emerging business needs. This course will help you audit cash transactions and cash accounts by verifying out going payments, perform financial auditing for project management, and establish internal accounting controls when many people have to access accounting data. Prepare for potential audits with our course Auditing for Emerging Business Needs.
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