Performance Auditing and Effectiveness Assessment

What Will You Learn?

• Day 1: Introduction to Performance Auditing
• Defining performance auditing and its role in assessing organizational efficiency.
• Key concepts: effectiveness, efficiency, and economy in performance audits.
• Understanding the audit objectives in the context of performance assessments.
• Group Discussion: Exploring the impact of performance audits on business outcomes.
• Day 2: Planning and Designing Performance Audits
• Developing a comprehensive audit plan for performance audits.
• Identifying relevant performance indicators and metrics.
• Selecting the scope and focus of the audit: financial, operational, or strategic performance.
• Workshop: Drafting an audit plan for a performance audit in a specific area (e.g., financial performance, operational efficiency).
• Day 3: Conducting the Performance Audit
• Collecting data to assess performance, including interviews, surveys, and documentation review.
• Analyzing performance against established benchmarks, KPIs, and industry standards.
• Evaluating resource utilization, cost-effectiveness, and output quality.
• Hands-On Exercise: Conducting a mock performance audit using sample data and performance metrics.
• Day 4: Identifying Performance Gaps and Opportunities for Improvement
• Analyzing audit findings to identify performance gaps, inefficiencies, and areas for optimization.
• Assessing the impact of identified issues on the organization’s overall effectiveness and goals.
• Developing actionable recommendations for improving performance and increasing efficiency.
• Case Study: Reviewing a performance audit report and discussing possible improvements.
• Day 5: Reporting and Presenting Performance Audit Findings
• Writing a clear and actionable performance audit report: structure, content, and recommendations.
• Communicating audit findings to stakeholders, including senior management and operational teams.
• Ensuring the implementation of recommended improvements and follow-up on audit results.
• Final Project: Presenting an audit report and improvement plan based on a simulated performance audit.