A financial plan built on numbers nobody has verified is a plan built on hope. Auditing and financial planning are usually taught as separate disciplines, even though the strongest financial decisions come from treating them as one connected process — one that checks the numbers first, then plans around what they actually show.

This training course from the Arab British Fellowship Training Academy builds that connected view. Participants work through how audits are planned and executed, how financial statements and risk are analysed, and how the resulting insight feeds directly into budgeting, forecasting, and long-term financial planning — closing the loop between control and strategy.

Who Should Attend?

• Accountants and internal or external auditors in public and private organisations.
• Financial managers and professionals responsible for planning and control.
• Personnel working in audit, governance, and risk management departments.
• Professionals looking to build expertise in both auditing and integrated financial planning.

By the End of the Course, You Will Be Able To:

• Plan and execute an accounting audit in line with professional standards.
• Analyse financial statements and identify financial risk signals.
• Build an integrated financial plan linked to organisational strategy.
• Use audit outcomes to improve budgeting, forecasting, and financial decisions.
• Report financial and audit findings clearly to senior management.

• Module 1: Why Auditing and Financial Planning Belong Together

  • How audit results feed into better financial planning, and vice versa.
  • The practical link between auditing outputs and financial forecasting.
  • Enhancing financial efficiency through functional integration between the two.

• Module 2: The Professional Foundations of Auditing

  • The concept of auditing and its role in financial credibility and governance.
  • International auditing and accounting standards.
  • Auditor independence, responsibilities, and professional ethics.

• Module 3: Planning and Controlling the Audit

  • Defining the scope, objectives, and risk areas of an audit.
  • Preparing the audit plan and work program.
  • Internal control systems and their role in reducing financial risk.

• Module 4: Auditing the Financial Statements

  • Auditing the balance sheet, income statement, and cash flow statement.
  • Reviewing financial disclosures and supplementary information.
  • Collecting and analysing audit evidence, including sampling methods.

• Module 5: Financial Analysis and Risk in Audit Work

  • Analysing financial ratios and performance indicators.
  • Identifying anomalies and potential risk signals.
  • Types of financial risk and the auditor's role in supporting risk management.

• Module 6: Building an Integrated Financial Plan

  • The concept and components of an integrated financial plan.
  • Linking financial planning with overall organisational strategy.
  • Cash planning, liquidity management, and investment planning.

• Module 7: Budgets, Forecasts, and Long-Term Planning

  • Types of budgets and the steps for preparing them.
  • Monitoring implementation and analysing variances.
  • Forecasting future financial performance over the short and long term.

• Module 8: Turning Financial Data into Decisions

  • Using financial data to support managerial decisions.
  • Comparing financial alternatives and evaluating feasibility.
  • Assessing risk associated with financial decisions.

• Module 9: Reporting to Leadership

  • Preparing periodic financial reports.
  • Drafting clear, professional audit reports.
  • Presenting findings effectively to senior management and decision-makers.

• Module 10: Governance and Sustainable Financial Performance

  • The role of governance in reinforcing financial integrity and compliance.
  • Monitoring financial performance indicators over time.
  • Continuous improvement of financial processes and long-term value creation.