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VALUE FOR MONEY & PERFORMANCE AUDIT MASTER CLASS

Course Overview

 Value for money and performance audit are always associated with the public sector only. This course equips participants from both public & private sectors with the understanding of a range of techniques for assessing the economy, efficiency and effectiveness of their business areas, functions, services and projects.The course provides practical advice and significant hands-on participation to ensure that participaants leave with knowledge not only of the theory behind VFM, but also how to put that theory into practice.A range of scenarios will be covered, with candidates being given an opportunity to consider relevant topics of their choice. Participants will receive sample documents, diagrams and checklists that will support them in applying the concept within their daily jobs. The course is designed for internal auditors who are looking to expand their remit into VFM and performance reviews and, as such, a basic understanding and experience of internal audit procedures is assumed 

Course Objectives 

=>After completion of this course participants should be able to :

 =>Discover the significance of value for money (VFM) and performance auditing 

=>Maximize audit benefit and understand its applicability to their business 

=>Make use of best practice developed in the public sector to drive real benefitKnow how to plan, deliver and report on VFM/performance auditsApply VFM auditing techniques to assess “economy, efficiency and effectiveness” in businessProduce reports that maximize impact, drive improvement and add business value 

Who should to attend 

=>Internal Auditors 

=>Administrative Managers 

=>Accountants 

=>Practitioners and auditors responsible for procurement performance 

=>Regulatory compliance, improved efficiency, effectiveness and value for money 

=>Audit Commitees 

=>Risk and compliance specialists

 =>Parliamentary Accounts Committees (PAC)

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