An intensive professional development training course on
Financial Statement Review and Internal Controls
Strengthening Oversight, Transparency, and Financial Integrity
Why Choose Financial Statement Review and Internal Controls Training Course?
Organizations must maintain accurate reporting and strong internal controls to ensure credibility, compliance, and performance. The Financial Statement Review and Internal Controls training course is designed to develop the critical capabilities needed to analyze financial data with precision and evaluate internal control systems in accordance with leading standards such as COSO and regulatory frameworks like IFRS and GAAP.
This Financial Statement Review Course provides a comprehensive approach to understanding financial statements, identifying irregularities, performing ratio analyses, and detecting inconsistencies or misstatements. In parallel, it focuses on the evaluation and enhancement of internal control environments to mitigate financial risk, support corporate governance, and promote transparency.
Participants will benefit from practical tools, case studies, and expert-led sessions that foster financial acumen and internal audit preparedness, enabling them to contribute more effectively to their organization’s financial health and compliance integrity.
What are the Goals?
By the end of this Financial Statement Review and Internal Controls training course, participants will be able to:
- Review and interpret financial statements with attention to accuracy, completeness, and compliance.
- Apply key financial ratios and analytical tools to assess business performance.
- Detect red flags, inconsistencies, and potential areas of concern in financial reports.
- Understand and assess the design and effectiveness of internal control frameworks.
- Align internal control evaluations with COSO, GAAP, or IFRS requirements.
- Integrate findings from financial reviews into enterprise risk management and internal audit planning.
- Provide actionable insights to support leadership in financial and strategic decision-making.
Who is this Training Course for?
This Financial Statement Review and Internal Controls Course is ideal for professionals who are involved in financial oversight, compliance, or internal auditing. It is especially suitable for:
- Internal Auditors and External Auditors
- Financial Controllers and Accounting Managers
- Finance Officers and Budget Analysts
- Risk Management and Compliance Officers
- Corporate Governance Executives
- Public Sector Financial Administrators
- Business Owners and Decision-Makers seeking greater financial clarity
How will this Training Course be Presented?
This Financial Statement Review and Internal Controls training course will be delivered through a dynamic and interactive approach. The methodology combines instructor-led presentations, group discussions, financial case studies, and real-world application exercises. This ensures participants not only understand theoretical concepts but also gain the practical skills required to analyze financial statements and assess internal control systems effectively.
The Course Content
- Objectives and components of financial statements
- Roles and responsibilities in the financial statement review process
- The link between financial reporting and internal controls
- Common reporting frameworks: IFRS vs. GAAP
- Understanding key financial disclosures
- Analytical review procedures: trend, variance, and ratio analysis
- Identifying inconsistencies and unusual transactions
- Revenue recognition and expense classification issues
- Evaluating asset valuation and impairment
- Reviewing liabilities, contingencies, and off-balance-sheet items
- Definition and significance of internal control systems
- The COSO Internal Control – Integrated Framework
- Control environment
- Risk assessment
- Control activities
- Information & communication
- Monitoring
- Types of controls: preventive, detective, corrective
- Internal control documentation and flowcharts
- Evaluating the adequacy and effectiveness of controls
- Techniques for control testing and sampling
- Identifying control weaknesses and their financial impact
- Internal controls and fraud prevention
- Combining findings from financial reviews with internal control assessments
- Risk-based approach to financial audits
- Reporting results to stakeholders: internal audit reports and recommendations
- Developing action plans for control improvement
- Case study: full review of a company's financial statements and control systems
Certificate and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the training course
In Partnership With
Do you want to learn more about this course?
© 2024. Material published by AZTech shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.
Available Sessions
Frequently Asked Questions
Once your registration is successfully completed, you will receive a confirmation email within 24 hours. This email will contain your registration details, invoice, and the necessary joining instructions for the course.
Yes, we offer tailored corporate training solutions to meet your organization’s specific needs. Please contact us at info@aztechtraining.com or call +971 4 427 5400 for more information.
There are several convenient ways to register for our training programs:
- Online: Explore our training calendar, choose the course that suits your needs, and click the “Register Now” button on the course details page.
- Email: Share your details, including your name, organization, email address, and selected course, by sending an email to info@aztechtraining.com
- Phone: Reach out to us directly at +971 4 427 5400 or +971 4 427 5407, and our team will guide you through the registration process.
The training fees include full access to the training venue, along with comprehensive training materials to enhance your learning experience. Additionally, participants will be provided with writing supplies and stationery. To ensure comfort and convenience, the fee also covers lunch and refreshing coffee breaks throughout the duration of the course.
Our training programs are hosted at luxurious five-star hotels in prestigious destinations across the globe. Some of our popular locations include Dubai, London, Kuala Lumpur, Amsterdam, New York, Paris, Vienna, and many other iconic cities.
