This course focuses on the three ‘E’s of performance auditing - economy, efficiency and effectiveness of programs, projects, and processes. It equips students by providing ways to assess these themes within organizations.
You should attend because value for money audits often reveal significant opportunities for organizational improvement in terms of economy, effectiveness, efficiency, among other dimensions.
Chief Internal Auditors, Internal Audit Managers, Lead Auditors, Experienced Audit Practitioners (private, public and not for-profit).
You will learn how to prepare an audit program, conduct value for money audits effectively, ways to demonstrate the value-add provided to the organization, essential tools and the best practices for success.
Session 1: Setting the "VFM" scene
Session 2: Context and Definitions
Session 3: The three ‘E’s of VFM
Session 4: Developing a VFM Audit Programme
Session 5: Readiness Check
Session 6: VFM Techniques
Session 7: Defining the “audit questions”
Session 8: Planning the VFM Audit
Session 9: Overview of the VFM Process
Session 10: Collection Plan
The morning of Day Three is given over to comprehensive case studies covering each of the three main ‘E’s. Delegates will be given the opportunity to work on topics relevant to their own organisations.
Session 12: Audit Completion
Session 13: VFM audit reporting
Use the table below to select the time and location that works best for you.
ACI Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.