Financial Statement Review and Internal Controls

The Financial Statement Review Course provides professionals with the essential skills required to evaluate financial reports accurately and assess the strength of internal control systems. As organizations increasingly rely on transparent reporting and effective control frameworks, the ability to review financial statements with precision has become a critical competency. This Financial Statement Review and Internal Controls Course equips participants with the knowledge to analyze financial disclosures, detect red flags, and assess compliance with leading reporting frameworks such as IFRS and GAAP.

Participants will explore how financial statements reflect organizational performance and how internal controls contribute to safeguarding assets, preventing misstatements, and supporting corporate governance. The course explains how to examine financial ratios, identify inconsistencies, and interpret financial information in alignment with regulatory standards. It also highlights the importance of internal control frameworks—including the COSO model—and their role in managing financial risks and improving operational integrity.

Through practical examples, analytical exercises, and case-based learning, this course strengthens financial acumen and enhances participants’ ability to support audit readiness and risk management activities. The Financial Statement Review and Internal Controls Course provides a comprehensive foundation that helps professionals contribute to financial compliance, transparency, and reliable decision-making within their organizations.

This Financial Statement Review and Internal Controls Course is designed to develop participants’ ability to interpret financial statements accurately while evaluating internal control environments against accepted standards. Participants will learn how the COSO framework, IFRS guidelines, and GAAP principles form the foundation of reliable reporting. With a strong focus on practical application, the course prepares learners to identify risks, pinpoint weaknesses, and integrate review findings into audit and governance processes.

By the end of this Financial Statement Review Course, participants will be able to:

• Review and interpret financial statements for accuracy, completeness, and regulatory compliance
• Apply analytical tools and financial ratios to assess business performance
• Detect red flags, inconsistencies, and indicators of misstatement within financial reports
• Understand the structure, design, and purpose of internal control systems
• Assess internal controls using COSO, IFRS, and GAAP requirements
• Integrate financial review findings with broader risk management and internal audit processes
• Provide actionable insights that support leadership decision-making and organizational transparency
• Strengthen audit preparedness and enhance financial oversight capabilities

The Financial Statement Review and Internal Controls Course is ideal for professionals responsible for financial oversight, internal auditing, compliance evaluation, or decision-making based on financial information.

This Financial Statement Review Course will greatly benefit:

• Internal auditors and external auditors involved in assurance activities
• Financial controllers and accounting managers
• Finance officers and budget analysts
• Risk management and compliance officers
• Corporate governance professionals and senior administrators
• Public sector financial executives
• Business owners and decision-makers seeking deeper financial insight

The Financial Statement Review and Internal Controls Course is delivered through an interactive and practice-oriented learning experience designed to build both technical understanding and analytical confidence. Participants engage in instructor-led sessions, case studies, and applied exercises that replicate real financial review scenarios. This allows learners to explore how financial statements are constructed, how irregularities appear, and how internal controls support accurate reporting.

Key learning methods include:

1. Instructor-led presentations covering key financial and control concepts
2. Case studies analyzing real financial statements and control systems
3. Group discussions focused on risk identification and compliance evaluation
4. Practical exercises applying analytical review and control testing techniques
5. Facilitator guidance on integrating financial review findings with audit processes

• AZTech Certificate of Completion for delegates who attend and complete the training course