The Lagos State Government, via the Office of the State Auditor-General, has organised a two-day training workshop on Financial Statement Audit Software for Auditors, with the mandate to learn the best Financial Audit Practices to match global standards.
Mr. Moshood Adewale Adewuyi, Acting State Auditor-General, issued the recommendation today at the start of the training session conducted at the Training Centre of the Lagos State Ministry of Science and Technology, Secretariat, Alausa, Ikeja.
He noted that the training is intended to expand the participants’ understanding, particularly on how to do the majority of their audit work in the office and get supporting evidence when they go out on assignments.
While conceding that the Audit Software includes five statements, Adewuyi noted that only Statement of Performance, Statement of Position, and Statement of Cash Flow have been included into the software to far.
He advised the Auditors to get as much information as possible throughout the course, underlining that the Office is dedicated to exposing them to more sophisticated audit training so that they can achieve worldwide auditing standards.
Adewuyi went on to say that the Financial Statement Audit Software would give the platform for the Auditors to assess financial statement reports via examination of trial and reproduction of reports for re-validation and discovery of discrepancies for proper reconciliation.