Internal Financial Audit and Controls

FSMQC Internal Financial Audit and Controls focuses on practical application: plan a basic financial audit, test transaction controls, document evidence and report findings using a case study.
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Catalogue code: ACC-004. Contact FSMQC to confirm the course dates, entry requirements, delivery language and applicable assessment route.

Plan a basic financial audit, test transaction controls, document evidence and report findings using a case study.

Accounts and finance staff

Module 1. Audit scope and risk
Define the objective, boundaries and criteria of an internal financial audit. Identify transaction risks, conflicts of interest and the difference between internal audit and a statutory audit opinion.
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Module 2. Control design and evidence
Evaluate authorisation, segregation of duties, supporting documents and reconciliations. Distinguish an adequately designed control from evidence that it operated during the period.
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Module 3. Testing transactions
Prepare a risk-based test plan and document sample selection. Trace purchases, payments or receipts from source documents to records and assess exceptions against the stated criteria.
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Module 4. Findings and follow-up
Write findings linking the condition, evidence, criteria and consequence. Agree practical corrective action and define the evidence needed to verify completion and effectiveness.

FSMQC uses instructor-led explanation, guided discussion and course-specific applied practice.
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Submit an audit scope, test plan, evidence working paper and findings report for a fictional purchases and payments process. Use a knowledge check and an individual task. Approve the assessment rubric and completion criteria before delivery.
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Assessment follows the approved course requirements and individual practical tasks.

Training centre opening hours: Monday-Friday, 08:00-17:00. International venue times are local and confirmed before booking.
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Daily sessions are arranged within the opening hours, with up to 7.5 learning hours and 1.5 hours of breaks on a full day. Shorter courses and final days finish once the required learning and assessment hours are complete.
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Catalogue duration reference: 12 contact hours / 2 days. Required contact/learning hours are retained; scheduled days may be adjusted. Total qualification time and independent study are not automatically classroom hours.
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2026 proposed cohort 1: 23 Nov 2026, 24 Nov 2026. Venue: Cairo, Egypt (venue to confirm).
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Dates before 23 October 2026 are historical planning entries, not confirmation of completed delivery. Contact FSMQC for current availability and written confirmation before making travel arrangements.
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Other eligible locations may be requested in UAE, UK, Australia or Egypt, subject to course-specific delivery approval and venue availability.

Contact FSMQC for current course fees and a written quotation. The quotation confirms dates, delivery language, learning materials, assessment arrangements and applicable charges before enrolment.