Internal Auditing and Taxes

Overview
Internal Auditing and Taxes is a 60 hour course that introduces you to the practice of auditing company accounts and the Lebanese tax and accounting framework that auditors work within. You will learn what auditing is, the different types of audits, including internal, external, statutory, and tax audits, and the objectives behind each one.
The course walks you through the full audit procedure, from planning and evaluation to gathering evidence, analyzing information, and preparing the audit report, then applies these skills to auditing financial statements and organizing the accounts of businesses that do not yet follow a standard accounting system.
What You Will Learn
- Define internal, external, statutory, and tax audits and their objectives
- Plan an audit and evaluate the areas that need review
- Gather audit evidence and analyze financial information
- Prepare an audit report
- Audit a balance sheet, income statement, and cash flow statement
- Organize and set up accounts for a company that does not follow the general accounting system
- Apply the Lebanese tax system and understand the legal forms of companies, institutions, and professions
- Work with the Lebanese chart of accounts
Course Curriculum
| Module | What you cover |
|---|---|
| Module 1: Introduction to Auditing | Definition of auditing, its types (internal, external, statutory, tax), and its objectives |
| Module 2: Audit Procedures | Planning, evaluation, evidence gathering, and information analysis |
| Module 3: The Audit Report | Preparing and presenting audit findings |
| Module 4: Why Auditing Matters | Protecting company assets, ensuring legal compliance, improving financial management, and building credibility |
| Module 5: Auditing Financial Statements | The balance sheet, income statement, and cash flow statement |
| Module 6: Organizing Accounts for Non-Standardized Businesses | Receiving and organizing the accounts of a company or entity not yet on the general accounting system |
| Module 7: Lebanese Tax System and Chart of Accounts | The tax system, legal forms of companies, institutions, and professions, and the Lebanese chart of accounts |
Who This Course Is For
This course is for accounting professionals and business owners who want to understand how internal audits work and how they connect to the Lebanese tax and accounting system.
Target audiences
- Accounting professionals moving into auditing
- Business owners who want to understand how audits work
- Anyone preparing to work with Lebanese tax and accounting compliance
Requirements
- Basic knowledge of accounting is recommended
- No prior auditing experience required