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 Certificate in Auditing of Projects and Contracts F2423 QR Code
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Certificate in Auditing of Projects and Contracts



Project auditing ensures timely, budget-conscious, and quality project delivery by evaluating management processes, identifying risks, and suggesting improvements. Modern Internal Audit plays a crucial role in this process, enabling organizations to meet their targets effectively. This training program offers insights into auditing common projects for a practical and comprehensive approach.

Program Objectives:

At the end of this program, participants will be able to:

  • Understand the principles of project auditing Identify and assess project risks.

  • Evaluate project performance.

  • Conduct effective project audits.

  • Prepare comprehensive audit reports.

  • Appreciate the benefits of proactive risk-based audit of key projects.

  • Evaluate and analyze the common factors and mistakes that lead to projects not achieving the desired outcomes.

Targeted Audience:

  • Project Managers seeking to enhance their understanding of project auditing processes.

  • Contract Managers interested in improving their ability to evaluate contract performance.

  • Internal Auditors aiming to specialize in auditing projects and contracts.

  • Professionals involved in project planning, execution, and evaluation.

  • Individuals responsible for ensuring compliance with project and contract requirements.

Program Outline:

Unit 1:

Introduction to Project Auditing

  • What is project auditing?

  • The importance of project auditing.

  • The benefits of project auditing.

  • The project lifecycle.

  • Project plannin, and project control.

Unit 2:

Project Risk Management includes:

  • Identifying project risks.

  • Assessing project risks.

  • Developing risk mitigation strategies.

  • Key performance indicators (KPIs).

  • Earned value management (EVM).

  • Project dashboards.

Unit 3:

Project Audit Methodologies:

  • Risk-based auditing.

  • Continuous auditing.

  • Special purpose audits.

  • Defining the audit scope Developing the audit plan.

  • Assembling the audit team.

Unit 4:

Project Audit Execution & Reporting:

  • Conducting interviews.

  • Reviewing documentation.

  • Testing controls Preparing audit findings.

  • Writing audit recommendations Communicating audit results.

Unit 5:

Project Audit Follow-up:

  • Tracking the implementation of audit recommendations.

  • Assessing the effectiveness of audit follow-up actions.

  • Continuous improvement of project auditing practices.

  • Benchmarking project audit performance against industry standards Monitoring the implementation of audit recommendations.

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