Training on External & Internal Auditing

Transcription

1 Training on External & Internal Auditing Exclusively For: Finance Managers, Sr. Executives & Executives Date: 28th & 29th August, 2015 Registration fee: BDT: 7500/- (Excl.15% Vat). 10% discount will be offer for the no. of group (min.5) Venue: LCBS Dhaka Training Room House# 39/B (2 nd Floor), Road# 14/A, Dhanmondi, Dhaka Time: 10:00 am-5:00 pm The Key Resource Person Mr. AMZAD HOSSAIN Manager, Development and Compliance Coats Bangladesh Ltd.

2 Course Overview External & Internal Audit training is a two day- long Workshop for the Managers, Executives, and Senior Executives for their development in the financial area. This highly participative course provides comprehensive instruction on auditing quality management systems. The training will teach process based audit skills useful in external and internal audits. Practical workshops, case studies, and simulated assessments are used to practice auditing skills and techniques. Reference is made to the international standards on quality management systems. Manager s decision affects the overall financial performance of an organization. This course has been designed in such a way to get an exposure to improve the financial performance of the organization. Objective of this Training From this External & Internal Audit Training course, participants will learn/be able to; Concept and different terms of auditing. Scope and purpose of auditing Control policies and objectives Control and audit tests Understand and prepare audit reports Training Contents Session 1- Day 1 External Audit 1.1 Definition and Objective 1.2 Responsibilities of External Audit 1.3 Scope of the Audit Session 1 Day 1 Internal Audit 2.1 Definitions of Internal Audit 2.3 IIA Standards and Practice Advisory Context 2.4 Statement of Responsibilities 2.5 Code of Ethics 2.6 Standards 2.9 Independence Session 2 Day 1 Internal Control System 3.1 Internal Control Frameworks 3.3 The COSO and COCO Models 3.4 Preventive, Detective and Corrective Controls 3.5 Means of Achieving Control 3.6 Access and Reporting on Control Session 2 Day 1 Relationship between Internal Audit, Management and Governance 4.1 Outsourcing of Internal Auditing 4.2 Corporate Governance 4.3 Internal Control

3 4.4 Non-executive Directors 4.5 Audit Committee 4.6 Corporate Governance in the EU Session 2 Day 2 Audit Concepts and Techniques 8.1 Audit Tests 8.2 Audit Concepts 8.3 Auditing Techniques 8.4 Evaluating the Internal Control Systems 8.7 Analytical Review 8.8 Sampling Session 3 Day 2 Review and Reporting Internal Audit Reports 9.1 Purpose and Function of Audit Reports 9.2 External Audit Reports 9.3 Internal Audit Reports 9.4 Standards for Audit Reporting 9.5 Audit Findings and Recommendations 4.6 Auditor s Report Basic Elements The Key Resource Person Mr. AMZAD HOSSAIN Key Qualifications: Chartered Certified Accountant The Association of Chartered Certified Accountants (ACCA), UK Education: Bachelor of Business Administration (BBA), Major in Accounting & Information Systems, University of Dhaka Higher Secondary Certificate from Commerce, Notre Dame College Core Competencies: Risk Analysis of Banks, Financial Institutions, NGOs and SMEs Internal Audit Planning & Implementation Audit of Banks, NBFIs, NGOs, Manufacturing and Service Organizations Applications of Tax, VAT, and Commercial Laws & Regulations Business Process Improvement through Technology Integration Coordination of Donor Funded Projects Standard Operating Procedure Development for Organizations IFRS Compliant Financial Recording & Reporting Fund Management and Budgetary Control

4 Training & Teaching Experience: Conducted number of training session for mid to senior level professionals on Presentation, skills, financial accounting and regulatory compliance issues etc. Engaged in professional teaching since September Area of specialization includes Performance management, Audit & Assurance and Governance, Risks and Ethics. Recent Professional Engagements: Working in a diversified manufacturing, consulting, accounting, auditing and retail business environment, both as a generalist as well as a specialist, gained substantial experience in administrative and functional matters of a multi-faceted and multi-disciplinary nature. September 2011 to date Manager, Development and Compliance, Coats Bangladesh Ltd. Coats Bangladesh is a British multinational with presence over 70countries around the globe having two manufacturing plants and corporate office in Bangladesh. As an internal auditor I am leading the control, risk and compliance issues in addition to planning and implementing internal audit process. Also responsible for comp[any secretarial and board issues, BOI & FOREX compliance, implications of tax, VAT Customs and other applicable business rules & regulations. I am leading the business continuity plan development project and several cost savings drives of the company. Very often running training session on control & risk issues for mid to senior level managers. Successfully implemented automated purchase approval and internal audit reporting systems within very short time. September 2010 to August 2011 Manager Assurance Services, UHY Syful Shamsul Alam & Co, Chartered Accountant, Dhaka. UHY Syful Shamsul Alam & Co has been ranked as number 3 in Grade A by the Bangladesh Bank in their recent ranking between the practicing firms Bangladesh. I have had exposer of providing specialized audit and consultancy services (e.g. standard operating procedure development, fixed asset and inventory management including valuation services, institutional capacity assessment, risk assessments of business, internal audit, fiscal policy support, IPO support, company law affairs, developing effective performance management systems) to Public sector (i.e. Local government, Power & Utilities), Financial Institution including Bank, Multinational organizations, Manufacturing and Service organizations, NGO and Real estate sector. September

5 2009 to August 2010 Manager Project Monitoring and Fund Disbursement, Remittances and Payments Challenge Fund (RPCF) of the EMG managed Remittances and Payments Partnership (RPP) project, funded by the DFID and under implementation by the Bangladesh Bank (BB) in Dhaka. RPCF is a risk-sharing and cost-sharing project by private sector entities and NGOs/ MFIs. It is aimed at strengthening the remittances framework and enhancement of inward remittances through technological innovations and improvements in payments infrastructure, processing and delivery including productive utilization of remittances. CF managerial responsibilities encompass facilitation to CF grantees by developing sound accounting and control systems in relation to project; maintaining regular interactions with project grantees on fund utilization process; providing ongoing technical support and managerial value additions on project budget and financial issues. Responsible for CF all accounting and administrative matter. This function entails financial appraisal and evaluations of projects proposals; conducting financial and VFM due diligence on applicant entities and project viability. I have developed guideline notes on Grant Claim, Accounting and Control Systems for RPCF grantee. RPCF is the DFID industry best practice for other challenge fund for its adopted Accounting and Control Systems. April 2007 to August 2009 Senior Accountant, Moosavi & Co, Chartered Accountants, UK As Senior Accountant, responsible for accounting, payroll and tax services. Independently provided accounting and payroll services to UK companies, conversant on accounting software SAGE Line 50 and SAGE Payroll. Prepared tax and financial statements for clients. Interests: Educational attachment like teaching and training is always appealing to me. Also enjoy traveling and reading. Strengths: High level IT user including internet and MS Office (Word, Excel, Power Point etc). Good command over SAP, Tally, SAGE and IRISH software. Strong in English communication with advance presentation report writing skills. Well conversant in local laws e.g. Company laws, Business Laws, Tax and VAT Laws

6 etc. Multi-faceted and multi-disciplinary work experience. Major Achievements: Risk based internal audit practice implementation (including business process achievements risk identification) in Coats Bangladesh in very short time (5 months only). Successfully lead the internal audit and procurement systems automation projects of Coats Bangladesh. Contact: Mobile: Contact Details LCBS Dhaka House# 39/B, Road# 14/A, Dhanmondi, Dhaka Phone# ; Contact Person: Salimullah-Al-Ahsan (Jewel) Deputy Manager, Training & Consultancy Cell: