Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 3,900
Overview
The Financial Statement Review Course provides professionals with the essential skills required to evaluate financial reports accurately and assess the strength of internal control systems. As organizations increasingly rely on transparent reporting and effective control frameworks, the ability to review financial statements with precision has become a critical competency.
Learning Objectives
Review and interpret financial statements for accuracy, completeness, and regulatory compliance
Apply analytical tools and financial ratios to assess business performance
Detect red flags, inconsistencies, and indicators of misstatement within financial reports
Understand the structure, design, and purpose of internal control systems
Assess internal controls using COSO, IFRS, and GAAP requirements
Integrate financial review findings with broader risk management and internal audit processes
Provide actionable insights that support leadership decision-making and organizational transparency
Strengthen audit preparedness and enhance financial oversight capabilities
Who Should Attend
The Financial Statement Review and Internal Controls Course is ideal for professionals responsible for financial oversight, internal auditing, compliance evaluation, or decision-making based on financial information.
Internal auditors and external auditors
Financial controllers and accounting managers
Finance officers and budget analysts
Risk management and compliance officers
Public sector financial executives
Business owners and decision-makers
Course Outline
Day 1 — 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
Day 2 — 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
Day 3 — Introduction to Internal Controls
Definition and significance of internal control systems
The COSO Internal Control – Integrated Framework
Control environment
Risk assessment
Day 4 — 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
Day 5 — 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
Accreditation
Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.
What do Al-Khobraa finance and accounting courses cover?
The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.
Who should attend a finance and accounting course?
These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.
How long are finance and accounting courses, and where are they held?
Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.
What certificate will I receive?
Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.
Can finance and accounting training be delivered in-house for our team?
Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.