Auditing of Projects and Contracts

•         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 and 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

Overview of Projects and Contractors

•         Overview of the project management process
•         Project activities and lifecycle
•         Key players within projects
•         Basic terminology of project management
•         Understanding the procurement process
•         Scope of contractors in the project
•         Compliance background

Risks and Objectives of the Audit

•         Project assurance
•         Definition of the project audit
•         Objectives of the project audit
•         Benefit of the audit
•         Users of the audit
•         Principles of the project audit
•         Risks and responses of projects
•         Risk and responses of contractors

Project Audit Process and Planning

•         Process of the project audit:
•         Preparatory phase
•         Performance phase
•         Evaluation / analytical phase
•         Conclusion phase
•         Pre-engagement planning
•         Risk assessment
•         Review of resources
•         Overview of audit methodology

Audit Methodology

•         Audit methodology according to individual phases and areas
•         “Project initiation” phase
•         The “Project proposal” phase
•         The “Project planning” phase
•         The “Project realisation” phase
•         The “Project completion” phase
•         Behavioural competence
•         Overall evaluation
•         Basic audit structure
•         Audit of procurement process
•         Audit of engagement with contractors

Audit Implementation and Reporting

•         Practical implementation of the audit process
•         Common issues of the process
•         Ethical considerations
•         Dealing with stakeholders
•         Application of resources
•         Writing the audit report
•         Audit report content
•         Presenting / implementing audit report
•         Implementation of best practices

FOR WHOM

Internal Auditors who wish to develop their technical skills and compliance

TRAINING METHODOLOGY