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Organizing audits to be beneficial   NEW

Acting upon audit results to improve organizational efficiency and effectiveness


Organizations have to periodically undergo audits and reviews of their financial reports, their processes and procedures. Even when there is no legal requirement, it is good business practice to undergo a periodic examination. If the auditing process does not allow an organization to correct the errors detected, nor to stimulate its continual improvement plans, then the audit will result in a waste of time and money.
This course is designed to provide a better understanding of how audit strategies can be developed to yield the optimum mix of quality and profitability for an organization. Developing an effective and efficient audit strategy will enable organizations to plan, scope and size audits, and to define expected results. This strategy will allow the organization to not just correct findings and deficiencies, but to trigger a cycle of continuous improvement towards excellence.

OBJECTIVES

Organizations have to periodically undergo audits and reviews of their financial reports, their processes and procedures. Even when there is no legal requirement, it is good business practice to undergo a periodic examination. If the auditing process does not allow an organization to correct the errors detected, nor to stimulate its continual improvement plans, then the audit will result in a waste of time and money.
This course is designed to provide a better understanding of how audit strategies can be developed to yield the optimum mix of quality and profitability for an organization. Developing an effective and efficient audit strategy will enable organizations to plan, scope and size audits, and to define expected results. This strategy will allow the organization to not just correct findings and deficiencies, but to trigger a cycle of continuous improvement towards excellence.

CONTENT

1. Introduction
2. Basic concepts and definitions
3. Effective and efficient audit strategy:
a. Purpose of an audit
b. Roles and Responsibilities
c. 3S of auditing: Scope, Schedule and Standards
d. Review and Interview processes
e. The importance of communication during an audit
f. Acting upon the findings
4. Using audit reports as input to your continual improvement process
5. Lessons learned in beneficial audits
6. Conclusion

TARGET AUDIENCE

• Auditors, consultants, project managers, controllers, Quality centre managers and audit department employees who want to implement effective and efficient audits
• Managers and executives who want to capture the benefits of audits

PREREQUISITES

None

PEDAGOGICAL METHOD

 Theory and concepts illustrated by a trainer with sound expertise and experience in audit.
 Group discussions with the purpose to match the relevant audit issues to real life experience.

CERTIFICATION

Not Applicable

STUDENT PACK

 Course Materials
 Attendance Certificate

Design and implementation Flockdesign Ronse