Operational Auditing

What Will You Learn?

• Day 1: Introduction to Operational Auditing
• Defining operational auditing and its objectives.
• The role of operational audits in improving organizational performance.
• Key areas of focus in an operational audit: efficiency, effectiveness, and resource utilization.
• Group Discussion: Identifying the scope of operational audits in different business functions.
• Day 2: Planning and Preparing for an Operational Audit
• Developing a structured audit plan: setting objectives, scope, and criteria.
• Identifying audit risks and areas for improvement.
• Selecting audit tools and methodologies for operational audits.
• Workshop: Creating an audit plan for a mock operational audit.
• Day 3: Conducting the Operational Audit
• Collecting data through interviews, surveys, and document reviews.
• Evaluating the efficiency and effectiveness of operations.
• Assessing the compliance of operational activities with organizational policies.
• Hands-On Exercise: Performing a mock audit of a business process or department.
• Day 4: Analyzing Findings and Identifying Opportunities for Improvement
• Analyzing operational performance against benchmarks and standards.
• Identifying operational risks and areas where resources are being underutilized or wasted.
• Formulating recommendations for improving processes and enhancing performance.
• Case Study: Reviewing a real-world operational audit and suggesting improvements.
• Day 5: Reporting Findings and Implementing Improvements
• Writing a comprehensive audit report with findings, recommendations, and action plans.
• Communicating audit results to management and facilitating the implementation of changes.
• Conducting follow-up audits to ensure that improvements have been implemented successfully.
• Final Project: Presenting an operational audit report to the class and proposing actionable changes.