Every year, thousands of students need to take the MBE or management exam. They have to get the certification in order to start their career as a Chartered Accountant or Chartered Accountants and become an entry level finance analyst. But getting the certification can be difficult as well. Therefore, nowadays there is a great need for various companies and organizations to provide these certification courses on an as-needed basis. So, how do these chartered accountants and finance analysts get training?
First of all, they take a refresher course after their previous examination. This is because many people fail the initial exam and take time to get familiar with the format and the procedures before taking the next one. After the refresher course, they need to take the actual test, which will be based on the test format and question types from the previous exam. The entire exam process takes about 3 months from start to finish. During this time, they will get a lot of practice questions to answer.
Then they enroll at a qualified university. The university will teach them about audit technique, ethics and business concepts. The whole course covers auditing methods, objectives, controls, measurement and control mechanisms. The university will also give the students required training and practical experience in order to prepare them for their final audit exam.
You might find it necessary to take a refresher course after getting the certification. This is especially true if you have been working in the field of audit for some time already. In such a case, you should be able to grasp the audit concepts easily. Keep in mind that these concepts are extremely important to make the audit procedure transparent and honest. Moreover, you will get the confidence you need for facing your fellow auditors in the end.
It is highly important to maintain the organization of the whole audit procedure. You have to keep track of all documents and statements from every audit activity you have carried out. The general ledger and journal are the most important ones that you should use. Other important reference materials include the accounts payable book, the journal and the income and expenses account. Make sure you always have these in front of you when you do the auditing work.
Before taking any audit course, you should know the different types of auditing methods so you can select the one that suits you best. Some auditing types are Cost accounting, P & L auditing, Debt audit and customer audits. You should try to get more information about the course that you want to take from the university or the institution that you intend to register in. Make sure that the course that you take covers the topics that you have studied in the required time period.
Another thing that you should get from the university or institution that you wish to enroll in is to make sure that the auditing course that they offer is affordable. Some schools may charge you a fee that is too high especially if you have not done your academics well. Do a little research on your own and if possible, ask your fellow students if they could recommend a better course for you.
If you need any special skills or certification in order to take the audit examination then you should inquire from the university or institution. They might give you all the answers that you need. However, you should be careful with the answers because you will be giving them an assessment to prove your fraud and you will need to convince them that you did not get these certifications and licenses in any way. They might even refuse to give you the license if you are found to be lying. Be careful with the questions that you ask them because you will have to rely on them to prove that you did indeed get it.
If you want to prepare yourself for the auditing exam, then you should find out from the university or institution whether there are specific auditing modules that you will need to complete before you can proceed with the exam. You should also look into the syllabus of the course in order to determine the types of topics that will be covered. Try to study hard and if possible, try to take a previous exam for reference. This will give you a better idea as to how the course will go and how you can prepare yourself adequately for the auditing exam. You should also make sure that you have all the required books for the course because this will help you in terms of getting an overview of the course.
Make sure that you get all your preparations in place in order to ensure that you succeed in taking the auditing exam. You need to prepare well in order to get a good result for the examination and this is what you should focus on. The main thing is that you should try to get everything done before the exam so that you can have more than one chance at the audit itself. If you know how to prepare for the audit, then you can be better placed than those people who do not know what they are doing and do not even bother to get their preparations in place.