Foundations in Audit Course Outline

Module 1: Purpose and scope of audit and regulatory framework

  • The purpose and scope of an audit
  • Auditor responsibilities
  • Professional ethics and ACCA’s Code of Ethics and Conduct
  • Auditor engagement and liability
  • Audit regulation
  • Internal audit

Module 2: Audit planning and risk assessment

  • Audit risk
  • Understanding the entity and its environment and the applicable financial reporting framework
  • Audit strategy and the audit plan
  • Audit documentation

Module 3 Internal control

  • General principles of internal control
  • Techniques to understand, record and evaluate accounting systems
  • Tests of controls
  • Communicating control deficiencies

Module 4: Audit evidence and procedures

  • Audit evidence
  • Audit procedures and assertions
  • Substantive procedures
  • Audit sampling
  • Automated tools and techniques

Module 5: Audit completion

  • Going concern
  • Subsequent events
  • Written representations
  • Independent Auditor’s Report

Module 7: Employability and technology skills

  • Use computer technology to efficiently access and manipulate relevant information
  • Work on relevant response options, using available functions and technology as would be required in the workplace
  • Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
  • Present data and information effectively, using the appropriate tools
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Who Should Attend this Foundations in Audit Course?

This course is ideal for individuals looking to develop a foundational understanding of auditing. It suits those seeking to enhance their skills in financial statement analysis, risk management, and regulatory compliance. This course can be beneficial for a wide range of professionals, including:

  • Accountants
  • Internal Auditors
  • Compliance Officers
  • Finance Executives
  • Risk Analysts
  • Business Managers
  • Tax Consultants
  • Bookkeepers

Prerequisites of the Foundations in Audit Course

There are no formal prerequisites for this Foundations in Audit Course. However, a basic understanding of mathematics, auditing concepts, and proficiency in English will be beneficial for understanding auditing principles, compliance requirements, and financial assessments.

Foundations in Audit Course Overview

Auditing plays a crucial role in financial accountability, ensuring accuracy, compliance, and transparency in financial reporting. This course introduces fundamental auditing principles, providing individuals with the knowledge and skills to understand audit processes, internal controls, and regulatory frameworks.

Proficiency in auditing is essential for those involved in financial reporting, risk assessment, and compliance management. It benefits individuals responsible for ensuring financial accuracy, detecting irregularities, and maintaining corporate governance standards within organisations.

This 1-day training covers key auditing concepts, including audit planning, risk evaluation, internal controls, and reporting techniques. Delegates will gain practical insights into auditing processes, improving their ability to assess financial statements and ensure compliance with regulatory standards.

Course Objectives

  • To understand fundamental auditing principles, procedures, and regulations
  • To learn about internal controls and risk assessment techniques
  • To develop knowledge of audit planning and execution
  • To analyse financial statements for accuracy and compliance
  • To enhance understanding of ethical considerations in auditing

To explore auditing standards and regulatory frameworks

Upon completing this course, delegates will receive a certification validating their knowledge of auditing principles. This certification enhances career prospects and demonstrates their ability to apply auditing techniques in financial and business environments.

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What’s included in this Foundations in Audit Course?

  • World-Class Training Sessions from Experienced Instructors
  • Foundations in Audit Certificate
  • Digital Delegate Pack
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Train Your Workforce

Looking for Foundations in Audit (FAU) in-house or onsite training in Mumbai? We specialise in corporate group training and bulk bookings for organisations of all sizes in Mumbai. Our trainers deliver tailored sessions at your premises, online, or hybrid, with best price guarantee, group discounts and flexible scheduling to train your team.

Our Mumbai venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Mumbai is situated within the West Coast of India, as well as it being the capital of Maharashtra, it plays an important part within the global economics system. Bombay as the city was previously known as, up until 1995 is also known as an alpha world city and has the largest number of millionaires and billionaires across India, with it therefor being noted as the wealthiest city in India. Mumbai is home to around 18.4 million people and is regarded as the second largest metropolitan population within India as of the record in 2011 with 20.7 million people. Schools and Colleges within Mumbai can be found within the city as well as the suburbs and are either run privately, by the government or the Brihanmumbai Municipal Corporation. Secondary schools are operated by the MCGM primary education system to which it is schooling around 485,531 students in 1,188 primary schools and around 55,576 students in 49 secondary schools within eight different languages these being English, Hindi, Urdu, Kannada, Marathi, Tamil, Gujarati and Telugu. Colleges offer students opportunities to participate within Junior college level, undergraduate level, BCom, BSc and BA courses. As stated by the 10+2+3/4 plan students complete ten years at school to then go on to a junior college and study either science, commerce or arts and they complete that over a two year period. University courses at a degree level are offered in a wide range of different subjects such as engineering, law, media, applied arts and architecture, management, dental, pharmacy as well as Commerce and Science. There are a few universities and colleges within Mumbai and these are the University Institute of Chemical Technology, Indian Institute of Technology (Bombay), SNDT Women’s University, Government Law college, Veermata Jijabai Technological Institute, Narsee Monejee Institute of Management Studies, Sir J. J. School of Art which is the oldest art institution within Mumbai along the Thadomal Shahani Engineering College which is also the oldest private engineering college and the first of its kind to join up with the University of Mumbai to be able to give students the chance to learn about the biomedical engineering, computer engineering, biotechnology and information technology. The University of Mumbai is regarded to be one of the premier universities within India with achievements such as being placed within the top 50 engineering schools of the world ranking at 41 by the American Business Insider within 2013 as well as excelling as the 3rd best multi-disciplinary university within the QS university rankings within India.   

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Learn Foundations in Audit (FAU) through The Knowledge Academy’s Online Self-Paced Learning. This flexible and structured format supports your training goals and enables every professional to build skills with confidence.

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Experience the most sought-after learning style with The Knowledge Academy's Foundations in Audit (FAU) Course. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led Foundations in Audit (FAU) sessions.

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Package deals for Foundations in Audit (FAU) in Mumbai

Our training experts have compiled a range of course packages on a variety of categories in Foundations in Audit (FAU), to boost your career. The packages consist of the best possible qualifications with Foundations in Audit (FAU), and allows you to purchase multiple courses at a discounted rate.

Foundations In Audit (FAU) FAQs

What time shall I arrive at the venue?

Please arrive at the venue at 8:45am.

What are the pre-requisites?

Who should attend this course?

Do you offer support for the course?

We are able to provide support via phone & email prior to attending, during and after the course.

What is included in the course?

Delegate pack consisting of course notes and exercises, Manual, Experienced Instructor, and Refreshments

What is the duration of this course?

This course is [ ] day(s)

How long until I receive the course confirmation details?

Once your booking has been placed and confirmed, you will receive an email which contains your course location, course overview, pre-course reading material (if required), course agenda and payment receipts

What is the cost/training fees for Foundations in Audit (FAU) in Mumbai?

The training fees for Foundations in Audit (FAU) in Mumbai starts from INR179995

Which is the best training institute/provider of Foundations in Audit (FAU) in Mumbai?

The Knowledge Academy is one of the Leading global training provider for Foundations in Audit (FAU).

What are the best ACCA Foundation courses in Mumbai?

Please see our ACCA Foundation courses available in Mumbai

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