Excel Auditing Workshop This in-house course can also be presented face to face in-house for your company or via live in-house webinar

Transcription

1 Excel Auditing Workshop This in-house course can also be presented face to face in-house for your company or via live in-house webinar The Banking and Corporate Finance Training Specialist

2 Course Objectives This Excel Auditing workshop explores: Aims and outlines governing model design and construction Designing and building in accuracy Internal and external auditing techniques Planning a model review and audit The workshop is highly practical and each session begins with a discussion of each technique followed Course by Overview practical exercises. The models become more complex during the day culminating with a final case study to include all the elements. Course Content Common Spreadsheet Errors Reasons for model auditing Assessing potential financial losses Links to operational risk framework Basis of spreadsheet design to reduce errors Excel internal methods Exercise: reconstructing a model Auditing Framework Controls, risks, control activities, information, communication Internal and IT controls Database of available spreadsheet types Reporting, regulatory compliance and operations Defining spreadsheet types Scoping necessary controls Split of responsibilities Developing a project plan Identifying and classifying deficiencies Exercise: reviewing spreadsheet types and planning an audit Internal Auditing Techniques Consistency checks Built-in Excel techniques Dealing with links and circular references Improving spreadsheets to allow for internal auditing techniques Exercise: checking a multi-page spreadsheet External Auditing Techniques Matching and consistency checks External techniques and methods Creating an auditing checklist Exercise: finding errors in multiple spreadsheets Auditing Macros How to audit macros Minimum required documentation Understanding macro functionality Exercise: auditing macros in existing model

3 Software Third party software available Advantages and disadvantages Auditing using software Exercise: using software for auditing Auditing Practical Review of a complete model Listing weaknesses and errors Exercise: presenting full audit and report Workshop Summary Future Planning Developing a plan for future spreadsheet projects Design improvements Monitoring Documentation On-going testing Course Overview Spreadsheets are used throughout financial institutions for financial calculations, budgeting, forecasting, projects and data analysis. Many institutions do not establish a formal review process for operational spreadsheets and it is assumed that the analysts check their own work. Yet there are many recorded instances of spreadsheet failures and the costs and losses involved. This workshop aims to show delegates a number of tried and tested techniques in a practical one-day workshop that will immediately prove useful and offer rapid payback. It does not matter whether the delegates are involved in accounting or project finance, the techniques in the workshop can be applied to all kinds of spreadsheets. Anybody using Excel to make financial decisions should be confident about the accuracy of their models and this workshop will certainly improve delegates modelling expertise. Future Planning Developing a plan for future spreadsheet projects Design improvements Monitoring Documentation On-going testing Excel Auditing Workshop Teaching Method The programme is taught using formal lectures combined with practical and interactive case studies and exercises to reinforce the concepts covered in each teaching session. Emphasis is placed on delegates gaining practical, hands-on experience of the design and auditing of financial models in Excel. Comprehensive product notes and modelling software will be provided for future reference. Delegates receive a full pack of Excel software and templates for future reference as part of the course materials.

4 Delegate Profile This is a course for analysts and practitioners who want to use Excel as a tool to assist with the decision making process. Senior financial professionals using Excel spreadsheets who should attend include: Financial analysts CFO s Financial controllers Analysts Accountants Credit managers Treasury managers Risk managers Middle office staff Mergers, acquisitions and buyout specialists and corporate finance staff Delegate Level Delegates will be expected to have finance knowledge and a working knowledge of Excel, including: Opening and closing Excel files Excel screen menu and standard toolbar Auto fill Moving around a worksheet Moving around the sheets in a workbook Creating files Deleting files and individual sheets Changing column width and row height Entering simple formulas Entering labels Cell referencing Centring titles and merging cells Simple cell formatting Number formats Changing font sizes and colours Copy, cut and pasting cell contents Inserting graphic objects Custom views Previewing worksheets Printing documents and ranges enquiries@redcliffetraining.co.uk +44 (0)

5 Redcliffe has provided in-house training for the following companies:

6 Tailored Learning All of our training courses can be tailored to suit your company s exact training needs. We will work closely with you to help develop a training programme with content that is unique for your organisation. Please us on enquiries@redcliffetraining.co.uk for more information E-Learning This course can also be presented as a bespoke e-learning programme created by you to fit your exact requirements.