Value for Money Audit: Project Audits

Date Format Fees  
16 Jul - 19 Jul, 2024 Classroom ₦250,000 Register
17 Dec - 20 Dec, 2024 Classroom ₦250,000 Register
16 Jul - 19 Jul, 2024 Classroom ₦250,000 Register
16 Jul - 19 Jul, 2024 Classroom ₦250,000 Register

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.

 

 

  • Venue

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

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