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  • By Oxford Certificate
  • November 3, 2021
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Operational Audit (Basic Level) E-Learning

Virtual training in basic operational auditing: In recent years, the focus of many audits in the public and private sectors has undergone changes, and since financial statements alone do not meet the information needs of management, managers in the private and public sectors seek more information to evaluate and judge the quality of operations and operational improvements. Private are faced with conducting operational audits. Operational auditing is a type of service provided by independent auditors and internal auditors that aims to improve efficiency, effectiveness, and cost-effectiveness.

All founders and start-up owners, managers must have a basic understanding of finance and accounting to be able to read the financial statements, analyze the results and the impact of their business decisions. The official use of the term performance audit (or the same operation) dates back to 1972 and the publication of government agency auditing standards by the US Court of Auditors, and the term has been used in the auditing standards of the Court of Auditors in other parts of the world.

The auditor analyzes the following:

  • Determining the responsibilities of an auditor and the internal authority of the organization
  • How to physically deploy or distribute resources
  • Resource scheduling, manpower time and facilities usage time
  • Logical division of tasks between different groups
  • Coordination between skill level, capacity, operational capacity and how to use resources
  • Paid expenses
  • Intended costs
  • Number of work done
  • Amount of completed works

What you will learn at the basic level of operational auditing virtual training course:

  • Auditing basics
  • First hand understanding of financial statements
  • Auditing policies and their impact on accounting methods
  • The meaning and basic understanding of all financial statements

Who is the appropriate basic level operational auditing training course?

  • Founders and startup founder
  • Small business owners
  • Other business managers with no formal accounting background
  • MBA students

Prerequisites for this course:

  • Time and desire to learn

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