Value for Money Audit: Project Audits

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Free WiFi Available

  • Start Date

    17 Nov, 2020

  • End Date

    20 Nov, 2020

  • Price

    ₦175,000

  • WiFi

    Free wifi available

Event Details

This Value for Money Audit training course is designed to assist the auditor in assessing whether an organization operates in a cost conscious, efficient and effective manner, and it will improve the organization’s internal audit function.

 

Content

What is Value for Money (VFM) Audit?

  • Organizational Drivers and Objectives
  • Concept of Value for Money (VFM) Audit and its Roles in Achieving the Organizational Goals and Objectives
  • Pillars of Value for Money (VFM) Audit
  • The Challenges of Value for Money (VFM) Audit
  • The Value for Money (VFM) Auditor

The Audit Function  

  • Purpose & Types of Audit
  • The Roles & Procedures within the Internal Audit Department
  • Audit Preparation and Planning to Ensure an Effective Audit
  • Audit Testing / Sampling to Verify Accounts and Controls
  • Communicating Audit Findings & Audit Reviews

Initiating and Planning the VFM Audit

  • The Procedures of Value for Money Audit
  • A Risk-based Approach to Value for Money (VFM) Audit: A Model Framework
  • The Key Steps in the Value for Money (VFM) Auditing Cycle
  • Special Planning Considerations for Value for Money (VFM) Audit
  • Value for Money (VFM) Audit and KPIs
  • Obstacles to the Conduct of Value for Money Audit

Executing the Value for Money (VFM) Audit

  • Conducting the Value for Money (VFM) Audit
  • Working with others during the Value for Money (VFM) Audit
  • Setting and Assigning Value for Money (VFM) Audit Metrics
  • Process of the Data Collection Process
  • Analyzing Data and Extracting Conclusions
  • Management Controls and Value for Money Audit

Reporting the Value for Money (VFM) Audit

  • Documenting the Value for Money (VFM) Audit
  • Quality Assurance of the Results
  • Producing Value for Money (VFM) Audit Reports
  • Distributing a Value for Money (VFM) Audit Report and the Impact

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

Date:

1ST BATCH                        8th – 11th June, 2020                                       

2ND BATCH                       17th – 20th November, 2020

Other Dates

Start Date End Date
08 Jun, 2020 11 Jun, 2020
Start Date End Date
17 Nov, 2020 20 Nov, 2020
  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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