Auditing the Manufacturing Process Virtual Training

In this intensive seminar, attendees will explore the critical audit areas of the core manufacturing processes, targeting such risk-intensive activities as materials control, labor-hour capture, bills of material, routing, inventory valuation and variance analysis. You will learn how to identify key manufacturing data to help you objectively perform a risk assessment of all phases of the shop floor. You will discover how to identify the key aspects of every audit engagement by focusing on the most critical business factors, which in turn will maximize audit value in all areas of the conversion cycle. The modular seminar materials you receive and the know-how you gain in this high-impact seminar will prepare you to conduct value-added shop floor audits.

CONTENT

• Potential Audit Review Areas in the Conversion Cycle
• Maximizing Audit Returns: Proven Tools and Methodologies
• Auditing Production Planning and Control
• Auditing Materials Management and Control
• Auditing Labor and Overhead Application
• Auditing Inventory Valuation/Control and Product Costing
• Auditing Order Fulfillment, Shipping and Warehousing
• Auditing Fixed Assets/Equipment and Technological Change
• Auditing Regulatory Issues of Significance
• Auditing R&D

FOR WHOM

Internal Audit Directors, Managers and Staff; IT Auditors; and External Auditors in manufacturing organizations

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: 14th – 16th June, 2022          

2ND BATCH: 28th – 30th Nov, 2022