A Highly Interactive Training Course On

Financial Statement Review and Internal Controls

Strengthening Oversight, Transparency, and Financial Integrity

Financial Statement Review and Internal Controls
Course Schedule

CLASSROOM

21-25 Jul 2025
Dubai
$5,950
03-07 Nov 2025
Dubai
$5,950
02-06 Feb 2026
Dubai
$5,950
20-24 Jul 2026
London
$5,950
07-11 Dec 2026
Amsterdam
$5,950
Certificate
  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Training Overview

Training Overview

With financial regulations growing more intricate, organizations face mounting pressure to ensure the accuracy of their financial statements and the strength of their internal controls. The Financial Statement Review and Internal Controls training course equips participants with the essential skills to critically assess financial reports and evaluate internal control systems in line with global best practices and standards.

Through this course, professionals will learn to identify irregularities, measure financial performance, ensure adherence to standards like IFRS and GAAP, and apply recognized frameworks such as COSO to assess control environments. Designed for those in financial management, auditing, or compliance roles, this program blends practical tools with technical insight to support sound decision-making and mitigate risk.

What are the goals?

By the end of this training course, participants will be able to:

  • Conduct thorough reviews of financial statements for accuracy and compliance
  • Understand and apply key financial ratios and performance indicators
  • Identify irregularities or red flags in financial reporting
  • Evaluate the design and implementation of internal control systems
  • Integrate financial review findings into risk management and governance frameworks
  • Support strategic financial decision-making through data-driven insights

Who is this Training Course for?

This training course is suitable to a wide range of professionals but will greatly benefit:

  • Internal and External Auditors
  • Financial Controllers and Analysts
  • Accountants and Accounting Managers
  • Finance and Budgeting Officers
  • Risk Management and Compliance Professionals
  • Corporate Governance Officers
  • Public Sector Financial Administrators

How will this Training Course be Presented?

This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes an interactive mixture of lecture-led learning & group discussions.

The Course Content

Day One: Overview of Financial Statements and Their Review
  • Objectives and components of financial statements
  • Roles and responsibilities in the financial statement review process
  • The link between financial reporting and internal controls
  • Common reporting frameworks: IFRS vs. GAAP
  • Understanding key financial disclosures
Day Two: Techniques for Financial Review and Performance Evaluation
  • Analytical review procedures: trend, variance, and ratio analysis
  • Identifying inconsistencies and unusual transactions
  • Revenue recognition and expense classification issues
  • Evaluating asset valuation and impairment
  • Reviewing liabilities, contingencies, and off-balance-sheet items
Day Three: Introduction to Internal Controls
  • Definition and significance of internal control systems
  • The COSO Internal Control – Integrated Framework
  • Control environment
  • Risk assessment
  • Control activities
  • Information & communication
  • Monitoring
  • Types of controls: preventive, detective, corrective
Day Four: Assessing and Testing Internal Controls
  • Internal control documentation and flowcharts
  • Evaluating the adequacy and effectiveness of controls
  • Techniques for control testing and sampling
  • Identifying control weaknesses and their financial impact
  • Internal controls and fraud prevention
Day Five: Integrating Financial Review and Internal Control Evaluation
  • Combining findings from financial reviews with internal control assessments
  • Risk-based approach to financial audits
  • Reporting results to stakeholders: internal audit reports and recommendations
  • Developing action plans for control improvement
  • Case study: full review of a company's financial statements and control systems

Providers and Associations

Anderson
Anderson
Aztech Training
Aztech Training