Euroasia Training Euroasia Training
AR

Quality Management, Governance and Auditing

Conducting Performance Audits and Ensuring Accountability

5 units

Please select a city/session before registration.

About this program

Performance audits extend beyond mere financial assessments by examining how effectively and efficiently resources are utilized to meet organizational goals. This Performance Audits and Corporate Accountability Training Course provides participants with the necessary frameworks, tools, and methodologies to evaluate performance, enhance governance, and reinforce accountability within organizations.
Attendees will gain skills to design and execute audits concentrating on economy, efficiency, and effectiveness (the “3Es”), while promoting transparency and ethical leadership. Real-world case studies from both public and private sectors will illustrate how performance audits can drive improved outcomes, minimize waste, and foster trust among stakeholders.
Upon completion, participants will be equipped to lead or assist in audit initiatives that bolster accountability and support sustainable organizational success.

Course benefits

  • Acquire comprehensive understanding of performance audit concepts and practices.
  • Develop the ability to assess efficiency, effectiveness, and economy.
  • Enhance governance structures and accountability mechanisms.
  • Increase transparency and build stakeholder trust.
  • Leverage audit findings to promote organizational advancements.

Key outcomes

  • Understand the significance of performance audits within corporate governance.
  • Implement audit frameworks consistent with international standards (e.g., INTOSAI, GAO).
  • Create audit procedures targeted at evaluating performance results.
  • Perform evidence-based analyses of efficiency and effectiveness.
  • Communicate audit outcomes clearly and impactfully.
  • Promote accountability, integrity, and openness.
  • Utilize audits as instruments for ongoing improvement.

Who should attend

  • Internal and external auditors.
  • Professionals in governance, risk, and compliance.
  • Senior managers and executives.
  • Public sector representatives and corporate controllers.

Course outline

1

Unit 1: Fundamentals of Performance Auditing

  • The objectives and boundaries of performance audits.
  • Understanding the “3Es” – economy, efficiency, and effectiveness.
  • Distinguishing performance audits from financial audits.
  • Illustrative case studies demonstrating audit outcomes.
2

Unit 2: Standards and Frameworks Guiding Performance Audits

  • International frameworks such as INTOSAI and GAO.
  • Core principles of independence and objectivity.
  • Developing audit charters and defining mandates.
  • Established best practices in audit planning.
3

Unit 3: Executing Performance Audits

  • Applying risk-based criteria for audit selection.
  • Techniques for collecting and verifying evidence.
  • Evaluating performance results.
  • Audit execution tools and methodologies.
4

Unit 4: Audit Reporting and Ensuring Accountability

  • Designing audit reports to maximize impact.
  • Effectively communicating findings with stakeholders.
  • Promoting accountability and managing follow-up actions.
  • Adhering to auditors’ ethical obligations.
5

Unit 5: Integrating Audits within Corporate Governance

  • Aligning audits with organizational strategic goals.
  • Leveraging audits to drive continuous enhancement.
  • Fostering a culture of accountability.
  • Practical examples of governance improvements via audits.