Certificate in Finance and Accounting Courses

Planning & Analytical Systems for Financial Audit Management


Developing, monitoring, and continually improving a highly integrated internal audit function is essential for world-class business entities' continued financial success, stability, and growth.

The financial audit management and planning analysis course is a well-designed and effective internal audit system that will provide verification and support that accounting economic and monetary policies, procedures, and controls are working adequately and will spotlight any significant matters that need attention.

This system analysis course integrates financial audit training, ensuring a holistic approach to internal audit management.

This financial audit management and planning analysis course introduces participants to robust planning and analytical systems that underpin effective financial audit management.

The financial audit management and planning analysis course is designed for professionals who aim to enhance their skills in internal audit functions and apply cutting-edge industry practices.

Specializing in financial planning and analysis provides professionals with the credentials to demonstrate their competency in managing and analyzing financial statements and audit processes. A certification in this field can lead to a deeper understanding of business strategy and financial decision-making.

Targeted Groups

  • Finance managers.
  • Finance professionals.
  • Financial audit professionals.
  • Internal audit professionals.

Course Objectives

At the end of this financial management course, participants will be able to:

  • Understand and recognize an internal audit function's purpose and design and practical methodologies in establishing departmental policies and procedures.
  • Develop a comprehensive internal audit structure, including departmental staffing positions and lines of responsibilities.
  • Plan an internal audit examination and communicate the findings and conclusions to an internal committee and senior management.
  • Implement the functions of an internal audit department, review various internal control processes, and understand the objectives of preparing and presenting findings reports within an organization.
  • Ensure that an internal audit function meets or exceeds best practices regarding peer group or industry standards.
  • Understand the role and functioning of an internal audit department compared to the role and responsibilities of external auditors.
  • Develop an audit committee charter for a board of directors.
  • Create personal descriptions and job requirements for an internal audit staff.
  • Acquire knowledge of the different types and purposes of various audits regarding applicability and function, including risk factors.

Targeted Competencies

Upon completing this financial audit management and planning analysis course, the target competencies will able to improve:

  • Presentation and understanding complex financial topic terminology, concepts, applications, and associated best practices.
  • Building professional knowledge and expertise in an ever-evolving business environment.
  • Increased assurance in professional, technical, and managerial skills and abilities.
  • New opportunities to build relationships with other financial professionals through networking.

Course Content

Unit 1: Defining and Developing the Internal Audit Process

  • Establishing roles, functions, and responsibilities for the internal audit department.
  • Defining, developing, and implementing an internal audit function.
  • Defining the distinctions and responsibilities between internal and external auditors.
  • Identifying the internal audit staff positions.
  • Creating the audit committee charter for a board of directors.
  • Review of statements on international auditing standards update and general auditing practice issues.
  • Identifying internal audit staffing requirements.

Unit 2: Examining and Understanding the Differences between Various Types of Audits, Including Risk Factors

  • Operational audits.
  • Financial audits.
  • Compliance audits.
  • Fraud and forensic audits.
  • Information systems audits.
  • Review of current year U.S. audit risk alerts.

Unit 3: Selecting, Procedural Planning, and Commencing Internal Audit Examinations

  • Developing streamlined processes for conducting internal audit examinations.
  • Identifying effective audit programs for the various types of audits.
  • Evaluating and selecting internal audit methodologies.
  • Notify the internal audit examination's internal auditee and supervisors and promote cooperation and assistance in achieving common goals.
  • Assess internal control systems and access network and computer files and folders.
  • Effecting changes to an in-process internal audit examination.

Unit 4: Managing and Monitoring Internal Audit Examinations and Methodologies

  • Ensuring credibility for the internal audit team.
  • Planning the audit commencement conference meeting.
  • Accumulating relevant documentation during the internal audit process.
  • Professional standards and responsibilities associated with internal auditing documentation.
  • Tools and methods for ensuring a smooth audit process.
  • Techniques for ensuring credibility for the internal audit team.

Unit 5: Issuing Reports of Audit Findings

  • Conducting exit conferences and implementing sound corporate governance policies to achieve adequate internal controls.
  • Communicating audit findings and suggestions for areas of improvement.
  • Planning the audit exit conference meeting.
  • Distributing the final internal audit report within the organization.
  • Conducting post-audit reviews.
  • Internal controls updates for boards of directors.
  • Audit risk developments and projects on the near-term horizon.

This financial audit management and planning analysis course directly awards the financial planning and analysis certification to participants, enriching the context of the course outline.

Certificate in Finance and Accounting Courses
Planning & Analytical Systems for Financial Audit Management (FA)


Mercury dynamic schedule is constantly reviewed and updated to ensure that every category is being addressed at least once a month, if not once every week. Please check the training courses listed below and if you do not find the subject you are interested in, email us or give us a call and we will do our best to assist.