Technology has so captivated the auditing industry that at first glance, it seems robotic systems seem to be stealing the spotlight from humans. But technology, while it can certainly make jobs simpler and more efficient, does not compensate for the unique auditing skills brought to the table by human intellect, judgment, and leadership.
Hiring and training good auditors is one of the key tasks in successfully implementing and getting the best from your management system. Any failure to ensure that your business is subject to effective and rigorous auditing leads to multiple problems and unnecessary costs and can reduce the management system to no more than just that, a system. Good internal auditing is a must in order to continuously develop and get the best value from your implementation.
Auditor training courses provide you with skills to give your employer or client complete confidence in you in terms of providing an effective and reliable auditing service for any aspect of the business. Taking an auditor training course is important to enhance your auditing skills and to complement your work experience.
Auditors are specialists who check financial reports and report on the same. They may also advise on areas such as good corporate governance, structures within organisations, efficiencies, and financial and data risks and controls.
While technology will never fully take over the auditing process, it goes without saying that auditors need to master and continuously improve certain competencies that will ensure their continued success. This is essential for the advancement of audit performance and should be used in conjunction with innovation.
What will set you apart
Internal auditors need to be able to analyse, advise, and influence behaviour from the highest levels of the organization. It follows then that the best internal auditors are good leaders with influence over others.
A recent industry study surveyed 200 respondents, including audit committee chairs, CFOs, and controllers. Collectively, they stated communication is one of the top skills they seek in an auditor. In fact, communication skills were ranked virtually as important as technical skills, making it one of the two top-ranked qualities auditors of the future must possess. Another study concluded that emotional intelligence improves audit quality.
Taking an auditing skills course will teach you to become a mixture of trouble- shooter and investigator, providing objective advice on issues that you may encounter. You will learn how to successfully conclude and audit as it will be subject to scrutiny from clients, management, and stakeholders.
You can learn how financial data can be captured, checked and analysed and business accounts, documents and financial reporting systems analysed. You will also learn how to calculate financial risk levels to ensure that asset safeguard controls are successful, and you will be able to advise on improvements or adjustments to be made if systems are inaccurate.
Are auditor training courses for you?
Like any other process, you want your internal auditor training to provide you with the right skills to excel in your career. To be able to conduct effective internal audits, if you are in the role of conducting internal audits, you must develop the required expertise and discover the important audit findings and corrective steps necessary to enhance your QMS.
If you do not have the requisite expertise and are asked to conduct internal audits, it is essential to obtain proper training to develop your skills to effectively execute the internal audit program. To develop their skills, the most effective internal auditors are continually studying the latest best practices.