Introduction to Financial Auditing in Government

• Purpose and scope of financial audits in the public sector.
• Key differences between public and private sector financial auditing.
• Overview of international standards and frameworks (e.g., ISA, INTOSAI).

Understanding Financial Statements

• Components of financial statements: balance sheets, income statements, and cash flow statements.
• Common financial reporting frameworks in the public sector.
• Identifying key indicators and anomalies in financial data.

Planning the Financial Audit

• Developing audit objectives and defining the scope.
• Identifying financial risks and areas of focus.
• Designing an effective audit plan and setting priorities.

Conducting Financial Audits

• Techniques for examining financial transactions and records.
• Tools for detecting inaccuracies and irregularities.
• Using sampling methods and audit trails effectively.

Ensuring Compliance and Mitigating Risks

• Evaluating adherence to financial regulations and policies.
• Identifying and addressing financial risks in government operations.
• Strengthening internal controls to prevent financial mismanagement.

Reporting and Delivering Insights

• Structuring audit reports for clarity and impact.
• Communicating findings and recommendations to stakeholders.
• Using audit insights to drive financial accountability and efficiency.

Practical Applications and Case Studies

• Real-world examples of financial audits in government.
• Hands-on exercises to analyze and audit financial statements.
• Group discussions on challenges and best practices in financial auditing.

Enhanced Practical Experience:
Participants will engage in a variety of interactive sessions, including real-world case studies and hands-on exercises. Activities will focus on identifying and addressing financial discrepancies, evaluating compliance, and formulating actionable recommendations. Collaborative problem-solving workshops will help participants navigate complex financial audit scenarios, ensuring they leave the course with practical skills to enhance governance and transparency.

Delivered by the Oxford Institute of Education and Training, this course equips attendees with the expertise to transform financial data into meaningful insights, strengthening financial integrity and accountability in government institutions.