This 2-day course teaches performance auditing techniques to help internal auditors assess the economy, efficiency, and effectiveness of programs and projects. It covers planning, executing, reporting on, and following up on performance audits based on the INTOSAI standards. The objectives are to understand performance auditing concepts, apply a value-for-money framework, and gain the skills to conduct performance audits that evaluate the achievement of intended results and identify opportunities for improved accountability. The course content includes setting performance goals, strategic and engagement audit planning, information gathering and analysis, developing findings and recommendations, and reporting and follow up procedures.
1. Performance Auditing with Results
Determining the value added in the implementation of programs and projects by focusing on the 3 Es
Empowering corporate governance, audit, compliance and control professionals
Course Description:
Performance auditing is designed to address the issues of Economy, Efficiency and Effectiveness in program delivery. While it does not question the policies
adopted by the governing body, it does assess the achievement of the intended results. Performance auditing and program evaluation are complementary
activities leading to improved accountability and results measurement. With organisations increasingly facing performance challenges driven by the need for
greater economy and efficiency, VFM auditing can review performance in this area. This practical 2-day course will help internal auditors acquire the skills to
apply VFM techniques to programs and projects by equipping them with the practical methodology of conducting performance audits.
Course Objectives:
After going through this program, you will be able to:
Appreciate the purpose, definition and scope of a performance audit
Explain the VFM conceptual framework
Plan, Execute, Report and Follow-up on performance audits
Apply INTOSAI Standards in performance audits
Course Profile:
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1. Public Sector Performance
Stetting the Government Agenda
Problems with Government Spending
2. VFM Conceptual Framework
Adequacy of Resources
Retention of Qualified Staff/SMEs
Independence
3. Strategic Audit Planning
Identify Potential Audit Topics
Prioritise Audit Topics Based on Risk-Based
Approach
Estimate Resource Requirements
Document Strategic Audit Plan
4. Engagement Audit Planning
Develop Audit Proposal
Develop Audit Program (Work Plan)
Communicate with the Audit Client
(Scope, Objectives, and Criteria)
5. Audit Execution
Gather Information
Analyze Information
Prepare Audit Documentation
Develop Findings and Recommendations
6. Audit Reporting
Prepare Draft Audit Report
Obtain Audit Client Comments
Address Comments
Conduct Exit Conference The Standards –
what are they?
7. Audit Follow-up
Obtain Audit Corrective Actions
Establish Follow-up Plan
Assess Progress of the Recommendation
Report Follow-Up Activity Conduct
Internal)
Target Audience: Practicing Internal Auditors. Venue: In-House Venue: TBD
Program Fee: Public Training-GHS900, In-House-GHC500 (VAT exclusive), Fee covers 2 snacks, lunch, course handouts and sample audit tools and templates;
plus certificate of completion.