This 2-day course teaches performance auditing techniques to help internal auditors assess the economy, efficiency, and effectiveness of programs and projects. It covers planning, executing, reporting on, and following up on performance audits based on the INTOSAI standards. The objectives are to understand performance auditing concepts, apply a value-for-money framework, and gain the skills to conduct performance audits that evaluate the achievement of intended results and identify opportunities for improved accountability. The course content includes setting performance goals, strategic and engagement audit planning, information gathering and analysis, developing findings and recommendations, and reporting and follow up procedures.

1. Performance Auditing with Results
Determining the value added in the implementation of programs and projects by focusing on the 3 Es
Empowering corporate governance, audit, compliance and control professionals
Course Description:
Performance auditing is designed to address the issues of Economy, Efficiency and Effectiveness in program delivery. While it does not question the policies
adopted by the governing body, it does assess the achievement of the intended results. Performance auditing and program evaluation are complementary
activities leading to improved accountability and results measurement. With organisations increasingly facing performance challenges driven by the need for
greater economy and efficiency, VFM auditing can review performance in this area. This practical 2-day course will help internal auditors acquire the skills to
apply VFM techniques to programs and projects by equipping them with the practical methodology of conducting performance audits.
Course Objectives:
After going through this program, you will be able to:
 Appreciate the purpose, definition and scope of a performance audit
 Explain the VFM conceptual framework
 Plan, Execute, Report and Follow-up on performance audits
 Apply INTOSAI Standards in performance audits
Course Profile:
9
1. Public Sector Performance
 Stetting the Government Agenda
 Problems with Government Spending
2. VFM Conceptual Framework
 Adequacy of Resources
 Retention of Qualified Staff/SMEs
 Independence
3. Strategic Audit Planning
 Identify Potential Audit Topics
 Prioritise Audit Topics Based on Risk-Based
Approach
 Estimate Resource Requirements
 Document Strategic Audit Plan
4. Engagement Audit Planning
 Develop Audit Proposal
 Develop Audit Program (Work Plan)
 Communicate with the Audit Client
(Scope, Objectives, and Criteria)
5. Audit Execution
 Gather Information
 Analyze Information
 Prepare Audit Documentation
 Develop Findings and Recommendations
6. Audit Reporting
 Prepare Draft Audit Report
 Obtain Audit Client Comments
 Address Comments
 Conduct Exit Conference The Standards –
what are they?
7. Audit Follow-up
 Obtain Audit Corrective Actions
 Establish Follow-up Plan
 Assess Progress of the Recommendation
 Report Follow-Up Activity Conduct
Internal)
Target Audience: Practicing Internal Auditors. Venue: In-House Venue: TBD
Program Fee: Public Training-GHS900, In-House-GHC500 (VAT exclusive), Fee covers 2 snacks, lunch, course handouts and sample audit tools and templates;
plus certificate of completion.