This training course is designed to assist the auditor in assessing whether an organization operates in a cost conscious, efficient and effective manner, and it will improve the organization’s internal audit function. The role of internal audit is to assess the management in achieving the strategic objectives. Though generally Return On Investment (ROI) audits are performed more frequently in the public sector, there are an increasing number of private companies carrying out ROI audits. However, few auditors have in-depth experience of Value for Money Auditing. This unique practice-based training course brings together the common elements of ROI Audit based reviewing into a single source for a reviewer.
Organizational Drivers and Objectives
Concept of Return on Investment (ROI) Audit and its Roles in Achieving the Organizational Goals and Objectives
Pillars of Return on Investment (ROI) Audit
The Challenges of Return On Investment (ROI) Audit
The Return On Investment (ROI) Auditor
Purpose & Types of Audit
The Roles & Procedures within the Internal Audit Department
Audit Preparation and Planning to Ensure an Effective Audit
Audit Testing / Sampling to Verify Accounts and Controls
Communicating Audit Findings & Audit Reviews
The Procedures of Return on Investment Audit
A Risk-based Approach to Return on Investment (ROI) Audit: A Model Framework
The Key Steps in the Return on Investment (ROI) Auditing Cycle
Special Planning Considerations for Return On Investment (ROI) Audit
Return On Investment (ROI) Audit and KPIs
Obstacles to the Conduct of Return On Investment Audit
Conducting the Return On Investment (ROI) Audit
Working with others during the Return On Investment (ROI) Audit
Setting and Assigning Return On Investment (ROI) Audit Metrics
Process of the Data Collection Process
Analyzing Data and Extracting Conclusions
Management Controls and Return On Investment Audit
Documenting the Return On Investment (ROI) Audit
Quality Assurance of the Results
Producing Return On Investment (ROI) Audit Reports
Distributing a Return On Investment (ROI) Audit Report and the Impact
Case Study & Discussion
This Value for Money training course provides a basic overview and in-depth look auditing Joint Interest, Accounting procedures and processes. This training course will provide accountants and other players with an understanding of the necessary functions and operations for Joint Interest Auditing:
Conduct a Return On Investment (ROI) audit
Identify key elements of a joint interest audit
Develop a risk-based approach to audit
Produce compelling Return On Investment (ROI) audit reports
Understand the best practice in investigate fraud
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