Every year, organisations discover accounting irregularities only after the damage has already spread through their financial statements — usually because nobody was watching the control systems closely enough. This Arab British Fellowship Training Academy training course tackles that gap head-on, building the skills needed to catch financial trouble early and keep audit and control functions credible.

Rather than treating internal control and financial auditing as two separate disciplines, the course links them together: participants learn to read the statistical and analytical signals that predict financial failure, then apply that insight to strengthen sampling, testing, and reporting practices across an institution.

Across the programme, the emphasis stays practical — real audit tests, real sampling decisions, and real judgment calls about when a control system needs to change, rather than abstract theory about what auditing is supposed to look like.

Who Should Attend

• Owners and senior managers of commercial companies and institutions.
• Heads of administrative and control departments.
• Internal control and compliance staff.
• Business school students preparing for careers in finance and audit.

What You Will Be Able to Do by the End of the Course

• Review and strengthen your financial-affairs skills using scientific, evidence-based methods.
• Identify the problems that typically surface during an audit and diagnose their root causes.
• Take on supervisory and administrative responsibilities within a control function with confidence.
• Apply up-to-date administrative-supervision concepts, including motivation and team management, to strengthen the people side of control work.

Module 1: Reading the Warning Signs — Predicting Financial Failure

• Auditing damages in line with international standards.
• Regression methods for forecasting financial failure.
• Well-known prediction models: Altman, Comport, Kida, and Sherwood.
• Detecting financial fraud within financial information.
• Applying the Mango organisation's evaluation method.

Module 2: Internal Control and Audit Foundations

• Internal control concepts and how control systems evolve with international developments.
• Control laws and international auditing principles.
• Strategic auditing and auditing of damages.
• Auditing financial derivatives and electronic control systems.

Module 3: Sampling as an Evaluation Tool

• International requirements and definitions used in sampling approaches.
• Audit tests, implementation entry points, and sample sectioning.
• Determining sample size and selecting items randomly.
• Methods for evaluating sample results.

Module 4: Auditing Estimates and Forward-Looking Statements

• Disclosure of future financial statements per international standards.
• Purpose of testing future information and the evidence auditors need.
• Preparing special reports and evaluating future financial statements.
• Examining accounting estimates, management's methods, and dependent events.

Module 5: Analytical Procedures in Financial Information Audits

• Objective and nature of analytical procedures.
• Using analytical procedures as basic audit procedures and within an integrated perspective.
• How much reliance can be placed on analytical procedures.
• Discovering unusual items through analysis.