Project Audit – Pre-Implementation-Audit
– Auditing projects effectively and efficiently from the business case to the successful implementation –
The economic principles have already arrived in internal auditing. The internal audit function acts in an environment of increasing regulation not only for banks but also for many other businesses. New tasks add to the pressure. Cost cutting also doesn’t stop at the doors of the internal audit function so an efficient approach to audit performance is without alternative. This includes perceivable added value to the organisation. However, the main focus is on the efficient use of the remaining scarce resources. This situation demands for effectiveness and efficiency in all phases of audit work.
The training programme „Efficient Auditing“ addresses the two most relevant questions of modern internal auditing for every phase of audit work.
- What perceivable added value can the internal audit function provide for the organisation?
- How can the internal audit function provide this added value with the least resources possible?
Short product life cycles, new technical developments, and increasing regulation demand continuous change in companies. Change is further driven by cost efficiency and rationalisation programs necessary because of global competitiveness. To cope with these needs companies have to strengthen their project portfolio by employing modern project management methods (e.g. PMBoK, PRINCE2, GPM, ISO 21500).
An effective and efficient project audit starts with the business case. The decision to go forward with a project and to spent the project budget has probably the highest risk in the whole endeavour. Furthermore, the earlier Internal Audit gets involved, the earlier missed relevant controls and regulations can be considered. A good project audit is about compliance, effectiveness, and efficiency. It helps the company to reach its goals and the project team to succeed in the project. This can also include due-diligence audits before new acquisitions and mergers.
After the training the participants know about relevant regulation as well as international audit and project management standards. They are able to assess all stages of a project from the business case to the reaping of its expected benefits by using modern audit and project management tools.
- Challenges of project audits
- International audit and project management standards
- Tools for assessing projects
- Auditing the business case
- Time and resource planning of projects
- Independence and objectivity
- Escalation and communication
- Tips & tricks for practice
Distinguished example of our ARC senior management trainers
About the ARC Institute
With the Audit Research Center, the ARC Institute provides important impulses for the further development of the audit industry. The focus is on networking science and practice. The focus is on further and new development in cooperation with auditors, companies and associations in order to maintain practical relevance and to develop methods, tools and concepts that can be implemented. The results developed in dialogue with industry experts serve as a guideline and adaptation options in practice today, in order to increase the overall benefit of the company in the long term and sustainably with innovative auditing work.
In the spirit of thought leadership, the ARC Institute and the Audit Research Center stand for topic leadership and forward thinking in the area of internal auditing.
Currently, the ARC Institute supports not only leading supranational institutions in the context of research, consulting and personnel development projects, but also numerous listed companies in the three German-speaking countries of Germany, Austria and Switzerland.
Terms of participation and price
Each open training day is 890,- Euro plus VAT when booking the modules individually. Inhouse training conditions are based on individual pricing and travel expenses. After receipt of your registration you will receive a confirmation of registration with invoice. Please pay the registration fee directly after receiving the invoice. The registration fee does not include 19 % VAT. The price includes participation in the lectures of the booked event, lunch, coffee breaks and seminar documents.
At a glance
Audit Managers, Internal Auditors
Interactive presentation, Discussions, Teamwork practice, Practical exercises, Case studies, Reflection
Training / Training / Consulting period:
Would you like more details about ARC’s Audit Training & Consulting Services, or do you wish to book an appointment with its team? Please address your e-mail inquiry to Info@ARC-Institute.com or phone us at +49-2159-6945-904