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Value For Money Internal Audit

Value For Money Internal Audit
March 10, 2020
Sandton, 138 Rivonia Rd, Sandown, Sandton, 2196 Get directions

1. Background and Basics
 Setting the Value for Money Scene
 Economy, Efficiency and Effectiveness
 Applicability of the VFM to the public and private sectors
 The link between VFM audit and other “value” methodologies
 The link between audit and other assurance roles

2. Developing the VFM Audit Programmers
 Corporate Agenda & Initiative
 Risk Assessment

3. Value for Money Audit Techniques
 The range of techniques available and their applicability

4. Audit Planning and Delivery
 Initial review
 Managing the audit risk & Risk assessment
 Determining the resources
 Drafting the audit planning document

5. Performance of the Audit
 Reporting and Close Up

6. Audit Completion
 Documenting the audit
 Supervision and review
 Quality control // The right to reply

7. Value For Money Audit Reporting
 Analysis
 Plan the VFM report
 Reporting Objectives / & Communicating the message/ findings

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