Audit Online Courses & Certifications

Upscale Your Financial Career With Online Audit Courses

Are you a graduate with a background in accounting and are confused about the career options that you have? Then, opting for online audit courses might be a right choice for you. Certified auditors can earn as much as 11 lakh per annum. This figure will only keep on increasing with experience. 

Audit courses that range from 3 to 6 months can equip students with advanced knowledge and skills in auditing. The topics covered in this certification are similar to those covered in forensic accounting but these are explored more thoroughly and in an advanced manner.

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What is Audit?

Audit is a method of inspecting or evaluating the financial records of businesses. Such evaluation is performed to ensure transparency and accuracy within the financial records. Businesses undergo audits to ensure that they are legally compliant with the regulations of the authorized bodies. 

Auditing involves deep analysis and presentation involving data and processes related to operations of an organization. Auditing courses can help you build conceptual foundations related to auditing data analysis and presentation skills, and understanding of financial information systems. 

An assessment of a company’s financial statements is referred to as auditing. The main financial statements of any business comprise its income statement, balance sheet and cash flow statement. Auditors have to make sure that the organisation’s financial records are accurate. Based on how the financial evaluations are conducted, audit can be of two types including internal audit and external audit. Internal audits are conducted internally with the purpose of updating shareholder's business finances. Businesses can track the progress of their financial goals through regular audits. 

1. External Audits - These are done by outside parties to make sure there is no bias in evaluating a company’s statements.
2. Internal Audits - These are done by an organisation’s internal management for decision-making. Internal audits are periodically done in the banking sector as part of effective bank management. 

From the analysis of internal processes to assessing the accounting reliability of a company, auditors play a diverse yet highly analytical and responsible role. For that, it is essential for organisations to hire certified auditors. If this field of finance interests you, you should choose a relevant auditing course. 

What Skills Do I Need to Excel in Auditing?

Those who want to build a career as auditing professionals, should equip themselves with the following skills:

Technical Skills

1. Accounting
2. Project management
3. Forensic accounting

Tools

1. TeamMate+ Audit
2. Benchmark ESG | Gensuite
3. iAuditor
4. Suralink
5. AuditBoard
6. ProcessMAP EHS Platform
7. GAT Labs
8. AuditKind

Why Choose Auditing Course in India: Advantages

1. Organizations build a better reputation for being transparent as well as reliable after auditing. Auditing helps in strengthening the trust among shareholders and investors in your business.
2. Organizations can determine their actual financial position through internal and external audits. This provides them with insights into areas of improvement.
3. Through audit, you prevent yourself from any legal issues. You have the ability to handle situations beforehand by identifying fraud cases that might be substantial and problematic. 

Best Auditing Courses in India available Online

The following are amongst the best auditing courses in India that are available online.

Course	Auditing Course Duration	Vendor
ISO 13485:2016 Certified Internal Auditor Training	3 days	American Society for Quality (ASQ)
ISO 9001:2015 Certified Internal Auditor Training	3 days	American Society for Quality (ASQ)
ISO 45001:2018 LEAD AUDITOR TRAINING COURSE	5 days	TÜV SÜD
Certified Information Systems Auditor (CISA)	40 hours	Tarrant County College
VDA 6.3 Process Auditor with Certification	3 days	TÜV SÜD
ISO 9001:2015 Quality Management System Lead Auditor (IRCA Certified) - Virtual Classroom	5 days	Bureau Veritas

Who Can Enrol in Online Audit Course in India?

To be eligible for the online audit degree, the aspirant should have the following:

1. Basic knowledge of Finance and Accounting is extremely useful while chosing audit certification courses.
2. For ISO-based audit courses, one must have knowledge of the ISO 9001 standard.
3. Those with a degree in accounting or a related field can enrol in audit courses.

Why Opt for Audit Courses: Advantages

1. Through online audit courses, aspirants learn different techniques to perform both internal and external audits.
2. According to the data available on Naukri.com, the total number of jobs for auditors is 45475 (as of 30th April 2024).
3. As per AmbitionBox, an auditor can earn as high as 10 lakh. On average, auditors in India can earn 4.4 lakh annually.
4. By enrolling in online auditing courses, students gain up-to-date auditing skills at their own pace.
5. The online audit course offers the flexibility to complete the course at your own pace and from the place of your choice. Due to this, it is an attractive choice for working professionals and those who do not have time and money to afford regular audit courses.
6. Online audit courses involve real-time interaction with peers and instructors. This allows students for a more flexible schedule since online courses are self-paced with minimal live sessions.
7. An online audit course is similar to a regular audit course in every aspect except for its virtual learning mode.
8. Audit courses cover a range of topics including internal audit, external audit, and audit reports. The curriculum of the audit course is designed by industry experts to ensure that students acquire in-demand skills and knowledge.
9. Online audit courses are offered by reputable course providers such as Alison, Coursera, TÜV SÜD,  Udemy, etc. ensuring that the course is globally recognized and valued by employers.

What Do You Learn Through Audit Courses?

Those who have opted for an audit course in India will learn the following:

Unit	Topics
1	Objectives of Audit Types of Audit Advantages of Audit and Limitations of Audit Qualities of an Auditor Audit Programmes
2	Internal Control Internal Check and Internal Audit Audit Note Book Working Papers Vouching Voucher Vouching of Cash Book Vouching of Trading Transactions Vouching of Impersonal Ledger
3	Verification and Valuation of Assets and Liabilities Auditor’s position regarding valuation and verifications of Assets and Liabilities Depreciation Reserves and Provisions Secret Reserves
4	Audit of Joint Stock Companies Qualification and Disqualifications Modes of Appointment of Company Auditor Rights and Duties Liabilities of a Company Auditor Share Capital and Share Transfer Audit Audit Report Contents and Types
5	Investigation Objectives of Investigation Audit of Computerised Accounts Electronic Auditing Investigation under the provisions of Companies Act

Career After Learning Auditing

Once you have been certified with auditing courses, you can get a chance to build a career as the following:

Job Title	Description	Average Salary
Internal Auditor	They work with organizations to improve their operations and governance through systematic review of records and business practices.	₹ 4.9 Lakhs
External Auditor	They are employed by organizations to ensure that their financial documents are accurate and transparent. They also assure that these financial documents are compliant with laws and regulations.	₹ 5.3 Lakhs
Forensic Auditor	They investigate financial records to identify if any fraud has been committed.	₹ 5.3 Lakhs
Risk Manager	They identify, analyze, and mitigate financial risks that may otherwise hamper the company's reputation.	₹ 11.8 Lakhs
Tax Auditor	These professionals ensure that businesses comply with tax regulations by thoroughly reviewing financial records and tax returns.	₹ 5.0 Lakhs

Top Companies Hiring Online Audit Professionals

Company	Audit Based Roles
KPMG	Associate Consultant, Accounts and Finance Expert, Consultant, ICoE Tax TP Senior
EY	FS-Internal Audit Senior, RC-Non FS Internal Audit-MS-Senior, Internal Audit/Risk Advisory Role, Analyst Assurance,  Audit Manager, Internal Audit/Risk Transformation, Insurance Audit Senior
PWC	Internal Audit Senior Associate, Compliance Senior Associate, Direct Tax Associate, IT Audit Specialist, Internal Audit-Operations Audit, Internal Audit
Deloitte	Audit Senior Assistant, Anti-Corruption & Trade (ACT) Trade Compliance Senior Analyst, Audit and Assurance

Free resources to Learn Auditing

While you are learning auditing through online audit courses in India, you can refer to the following free resources to support your learning journey. 

1. Blogs

If you are getting into internal auditing, Chambers on the Profession covers the most trending topics. Run by founder and CEO of The IIA, Richard Chambers, the blog has around 500 topics with insightful tips. Another useful blog for IT auditors is Risk3sixty. It includes various topics on data risks. Also, check the Thinking Like an Auditor blog site which comprises great suggestions on analytics and surveys. 

2. Podcasts

You know podcasts are a great way to learn about topics nowadays. To stay informed about the auditing world, check out the ISACA podcasts that are 30 minutes long covering the new trends. ACCA Student Podcasts, The Financial Services Audit Centre AuditCast and No Accounting for Taste are some of the popular podcasts where you can listen to conversations with expert auditors. 

3. Books

You can refer to books to clear your fundamentals and ensure that you are gaining the maximum out of online audit courses.

1. The Internal Auditing Pocket Guide: Preparing, Performing, Reporting and Follow-up | Author: J.P. Russell

This guide covers the basics of internal auditing and how to conduct it. It also talks about how criteria such as quality, safety and environment play an important role in conducting audit. 

2. Simplified Approach to Advanced Auditing And Professional Ethics (For CA Final)  | Author: CA Vikas Oswal

This book is for those who have some experience in the audit world. It focuses on the IPCC exam covering exam papers of previous years. Keeping updated with the latest amendments and regulations, you will find easy-to-learn charts with examples of auditing concepts. 

Conclusion

Auditing continues to grow as a discipline as standard operational regulations keep evolving. Auditors are in high demand in several sectors including supply chain, information technology, revenue management and so on. With an auditing course, you can grow your career as an auditor. You can also pick up various other certifications for developing other skills along with an auditing course. For instance, you can pick some of the best excel courses or communication courses on our platform. 

Jaya Sharma12-31-2024 12:39