Value for Money Audit Training
Monday, February 23, 2026
Category:Accounting & Finance
3
Days
Dubai
9:00am – 4:00pm
Introduction
What is the value for money audit? Value for money audit is concerned with the economy, efficiency and effectiveness of governmental expenditure. The risk-based emphasis being increasingly implemented is universally accepted as the new benchmark for Internal Audit. The flip side of risk, though, is opportunity. Precisely targeting significant areas of business opportunities in the audit programme can bring major measurable benefits to the organisation whereas at the same time reducing the associated risks.
This is predominantly true if the areas of the business targeted are those which are frequently overlooked by management. This Solid State Training course will enable participants to recognize the benefits of a focussed VFM audit process and how to effectually measure the value-added.
Objectives
On successful completion of Value for Money Audit Training Course, participants shall be able to:
- Use the theory and practice of VFM auditing
- Observe the key aspects of the relevant professional standards
- Plan VFM assignments successfully
- Develop testing plans to confirm optimum coverage
- Organise pre-meetings, audit interviews and clearance meetings with confidence
- Offer overall assurance on the VFM assignment
- Set and establish performance measures
- Prepare efficient and effective VFM audit reports
Training Methodology
This collaborative Value for Money Audit Training will comprise the following training methods: Lectures, Seminars & Presentations, Group Discussions, Assignments, Case Studies & Functional Exercises. Solid State Training follows ‘Do-Review-Learn-Apply’ model.
Organizational Impact
On successful completion of Value for Money Audit Training, participants shall be able to benefit their organization in the following ways:
- Provide effective Audit support for all the staff
- Better relevance and reliability of Audit information
- Enhanced strategic thinking and emphasis on performance
- Enriched effective use of Value for Money (VFM) Auditing of the company
- Preparation of staff for bigger responsibility
Personal Impact
Successful completion of Value for Money Audit Training Course, shall benefit participants in the following ways:
- Conduct and Facilitate a Value for Money (VFM) audit
- Identify important elements of a joint interest audit
- Foster a risk-based approach to audit
- Produce persuasive Value for Money (VFM) audit reports
- Know the best practice in investigating fraud
Accountants, Auditors, Business Managers, Tax Officers, HR Managers, Internal auditors, Accounting Executive / Managers, Auditors / Auditing Managers, JV Executives / Managers / Advisors, Budgeting Officers / Executives / Managers, Financial Reporting Managers, Regulatory Compliance Officers, Commercial Analysts, Executives & Manager, Financial Executives / Managers / Controllers /Directors, Cost Controllers, Executive & Managers, Treasurers / Managers, Taxation & Reporting Executives / Managers, Business / Investment Analysts & Managers.
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