Introduction
This comprehensive course will help you to understand the audit planning process and the subsequent execution of the audit of projects and contractors in order to meet the determined audit objectives.
This training course seeks to provide you with skills such as project risk assessment, appreciating the scope of risk associated with contractors and formulating a well-designed audit program. By applying these skills, you will be able to perform a comprehensive audit and obtain sufficient audit evidence to formulate an audit opinion and to report and implement your findings.
Participants attending the Auditing of Projects & Contractors training course will develop the following competencies:
- Doing a project and contractor risk assessment
- Using audit planning to determine scope of the audit process
- How to implement a detailed audit program
- Effective communication of audit findings
Benefits
- Financial managers who wish to broaden their scope of understanding of the audit of projects and contracts
- Project managers who will benefit from understanding the risk assessment and audit process in order to improve project outputs
- Internal auditors who wish to develop their technical skills and compliance
- External auditors who are involved in interim audits or agreed upon procedures
- Accounting professionals who wish to improve their career opportunities
- Any key stakeholder in the implementation of material projects
Seminar Objectives
This Auditing of Projects & Contractors training course aims to enable participants to achieve the following objectives:
- Understanding the integration of projects and contractors
- Techniques for project risk assessment
- Appreciating how audit planning impacts audit process
- Skills to conduct the audit of projects & contractors
- Development of management skills in audit process
- Formulation of audit findings for effective implementation
- How to use project audit to improve project efficiency and outputs
Training Methodology
The Auditing of Projects & Contractors training course is delivered as a hierarchy of related but separate modules and proceeds in a systematic interactive manner using lectures, lessons learned, practical examples, video materials, case studies, shared participant experiences and practice sessions and assessments. Participants will partake in group activities as well as individual exercises.
Seminar Summary
This comprehensive Auditing of Projects & Contractors training course will enable each participant to appreciate and understand the concepts and certain complexities associated with the audit of projects and contractors along with topic terminology, concepts and applications.
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