Location

Community Services & Continuing Education - Cairo

Objectives

• Internal auditing is an objective assurance and consulting activity designed to add value and improve an organization's operations. It can help an organization accomplish its strategic objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes. Crowe member firms’ Internal Audit services help boards and senior executives better manage enterprise risks. Crowe professionals help organizations enhance the effectiveness, quality, and value received from internal audit. Crowe’s broad understanding of risks and areas of operational improvement — specially the distinctions of specific industry sectors and markets — can help internal audit functions improve their performance and operating efficiency and bring value to their organizationsIntroduces financial accounting theory, including the accounting cycle, analysis and recording of transactions, and reporting financial information in accordanc

Outcomes

Use debit and credit accounting to record and adjust basic business transactions.Prepare multi-step income statements, classified balance sheets, and statements of retained earnings.Use basic financial statement ratio analysis to evaluate financial performance.Demonstrate knowledge of each step in the accounting cycle.Know and apply organizational internal control components. Use Generally Accepted Accounting Principles (GAAP) to record common business transactions involving merchandise inventory, cash, and accounts receivable transactions• To introduce students to the general definition of assurance services, various types of assurance projects and its regulation issues;• To provide comprehension by the students on ethical principles of audit profession;• To provide the understanding by the students of general chronology of audit, audit strategy, audit program and audit procedures;• To provide the definition of the internal control system, control activity, to provide on how the

Course Contents

This is the first term of the traditional accounting principles sequence. The course emphasizes the theoretical foundations of accounting and analytical skills needed by business and accounting students. Those with financial record-keeping responsibilities in their current employment will find it essential.The course is aimed at majoring in Accounting and Finance.The goal of this course to provide students with an overview on assurance of financial reporting taking into accounting current practice issues. The discipline introduces assurance as a service, its regulation standards and the process and chronology of audit to the students. 1. The concept , process and need for audit and assurance2. Regulatory environment and corporate governance3. Professional ethics4. Internal controls5. Risk assessment6. Audit planning and documentation7. Gathering evidence on an assurance engagement8. Audit procedures and sampling9. Audit of Receivables10. Audit of Inventory11. Audit of liabThe goal