BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN BEGIN:VEVENT UID:1681@x8ti.com DTSTART;TZID=Asia/Riyadh:20260706T090000 DTEND;TZID=Asia/Riyadh:20260710T130000 DTSTAMP:20260208T141605Z URL:https://x8ti.com/event/value-for-money-audit-training-course-2/ SUMMARY:Value for Money Audit Training Course DESCRIPTION:Introduction \nA value for money (VFM) audit focuses on the ec onomy\, efficiency\, and effectiveness of governmental expenditure. The in creasing emphasis on risk-based auditing is recognized as the new standard for internal audits. By targeting significant business opportunities in t he audit program\, organizations can gain measurable benefits while minimi zing associated risks. This course will help participants understand the a dvantages of a focused VFM audit process and how to effectively measure va lue-added.\nLearning Objectives\nUpon completing the Value for Money Audit Training Course\, participants will:\n\n Understand the theory and pract ice of VFM auditing.\n Recognize key aspects of relevant professional sta ndards.\n Successfully plan VFM assignments.\n Develop testing plans for optimal coverage.\n Confidently organize pre-meetings\, audit interviews \, and clearance meetings.\n Provide overall assurance on the VFM assignm ent.\n Set and establish performance measures.\n Prepare efficient and e ffective VFM audit reports.\n\nTraining Methodology\nThis collaborative tr aining will include:\n\n Lectures\n Seminars &\; Presentations\n Gro up Discussions\n Assignments\n Case Studies &\; Functional Exercises The course follows Xcelerate Training Institute' 'Do-Review-Learn-Apply' m odel for interactive and practical learning.\n\nBenefits for Your Organiza tion\nParticipants will enable their organizations to:\n\n Provide effect ive audit support for all staff.\n Enhance the relevance and reliability of audit information.\n Improve strategic thinking and performance emphas is.\n Utilize VFM auditing effectively.\n Prepare staff for greater resp onsibilities.\n\nBenefits for You\nParticipants will gain the ability to:\ n\n Conduct and facilitate a VFM audit.\n Identify key elements of a joi nt interest audit.9\n Foster a risk-based audit approach.\n Produce comp elling VFM audit reports.\n Understand best practices in investigating fr aud.\n\nTarget Audience\nThis course is beneficial for:\n\n Accountants a nd Auditors\n Business Managers\n Tax Officers\n HR Managers\n Interna l auditors\n Financial Reporting Managers\n Regulatory Compliance Office rs\n Commercial Analysts\n Financial Executives and Managers\n Cost Con trollers\n Treasurers\n Business/Investment Analysts\n\nCourse Outline\n Introduction to Value for Money (VFM) Audit\n\n What is Value for Money ( VFM)?\n Defining Value for Money Audit\n Difference between Conventional Audit and VFM Audit\n The three “Es” of VFM Audit\n Objectives of V FM Audits\n Role of Auditor General &\; Audit Staff\n Challenges in V FM Audits\n\nAudit Planning &\; Control\n\n The five phases of Audit P rocess\n Determining Audit Objectives and Criteria\n Discussions with Au ditees\n Establishing VFM Audit Design Matrix (ADM)\n Arranging external expertise\, if required\n\nAudit Conduct\n\n Obtaining data to achieve a udit objectives\n Verification and analysis of data\n Assessment of Inte rnal Control\n External Confirmations\n Assigning VFM Audit Metrics\n D iscussions with management\n\nAudit Reporting\n\n Draft Preliminary Audit Report\n Auditees’ Response\n Discussions with Auditees\n Peer Revie w\n Final Report\n Post-Audit Review\n\nConclusion\n\n Case Study\n Gr oup Discussions\n ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2025/01/1cde 5343-ff0d-4bbe-a04f-0e539ef16aa7.jpg CATEGORIES:Accounting & Finance LOCATION:http://online END:VEVENT BEGIN:VTIMEZONE TZID:Asia/Riyadh X-LIC-LOCATION:Asia/Riyadh BEGIN:STANDARD DTSTART:20250706T090000 TZOFFSETFROM:+0300 TZOFFSETTO:+0300 TZNAME:+03 END:STANDARD END:VTIMEZONE END:VCALENDAR