Financial Audit: Planning, Execution and Reporting (AGRC-024) Training Course

Financial Audit: Planning, Execution and Reporting

Financial audits provide assurance that financial statements are reliable and free from material misstatement. Whether performed by internal or external auditors, they…

5 daysClassroom or online

14Upcoming dates

6Cities

£2,750Fees from

Course overview

Why Attend

Financial audits provide assurance that financial statements are reliable and free from material misstatement. Whether performed by internal or external auditors, they require sound planning, risk assessment and evidence.

This LLMI course explains the financial audit process: understanding the entity, materiality, risk assessment, internal control evaluation, substantive procedures for key areas, sampling, analytical procedures, evaluating misstatements and reporting. Participants apply procedures to a case company.

The course strengthens practical audit skills for auditors and finance professionals.

Course Objectives

Plan financial audits using risk and materiality

Understand and test internal controls

Design substantive procedures for key account areas

Apply analytical procedures and sampling

Evaluate misstatements and audit evidence

Communicate audit findings and opinions

Target Audience

External and internal auditors

Audit managers and seniors

Finance controllers

Accountants preparing for audits

Public sector auditors

Audit committee members

Course Methodology

Audit methodology sessions

Case company exercises

Sampling and analytics

Working paper review

Group discussions

Course outline

1Day 1: Audit Planning

Audit objectives and standards
Understanding the entity
Materiality
Risk assessment
Audit strategy
Exercise: Materiality calculation

2Day 2: Internal Controls

Control environment
Control testing
IT controls
Deficiencies
Reliance decisions
Workshop: Control evaluation

3Day 3: Substantive Procedures

Revenue and receivables
Inventory
Payables and expenses
Fixed assets
Cash
Exercise: Audit programme

4Day 4: Analytics and Sampling

Analytical procedures
Audit sampling
Data analytics
Estimates
Related parties
Lab: Analytical review

5Day 5: Completion and Reporting

Evaluating misstatements
Subsequent events
Going concern
Audit reports
Communication with management
Capstone: Audit completion review

Frequently asked questions

How long is the Financial Audit: Planning, Execution and Reporting course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Financial Audit: Planning, Execution and Reporting course?

The next public date is 16 - 20 Nov 2026 in Istanbul. There are 14 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Istanbul, Vienna, London, Munich, Amsterdam, Rome.

Can I take Financial Audit: Planning, Execution and Reporting online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,750 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

Financial Audit: Planning, Execution and Reporting

Course overview

Course outline

Dates and fees

Frequently asked questions

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