VFM/ Performance Auditing

Organisations are increasingly facing performance driven challenges motivated by the need for greater economy and efficiency. However, relatively few auditors have in-depth experience of VFM /Performance auditing.

This unique practice based course brings together the common elements of VFM/ Performance based reviewing into a single source for a reviewer.

Suitability and duration

Suitability: Novice - Intermediate

Duration: 2 days

Who should attend

This hands-on course is designed for all reviewers, particularly internal auditors that need to execute
VFM/ Performance reviews. The delegates will conduct VFM / Performance case reviews as part of the course structure.

Benefits

Skills

After completion of this course, you will be able to:

• Explain the nature and purpose of VFM/ Performance auditing
• Plan and conduct a VFM/ Performance audit
• Form an opinion on the Economy, Efficiency and Effectiveness of a system
• Produce compelling VFM/ Performance audit Reports

Support Materials

This course is accompanied by a substantial manual that includes full briefing notes.

Programme

What is VFM/ Performance Auditing?

• Organisational drivers and objectives – the notion of a cascading framework of defined objectives
• VFM/ Performance auditing and how it relates to the meeting of organisational goals and objectives
• The challenges of VFM/ Performance auditing
• Relating VFM/ Performance auditing to key Performance indicators, balanced scorecards and other forms of measurement
• The VFM/ Performance auditor

Initiating and planning the VPM/ Performance audit

• A risk-based approach to VFM/ Performance auditing: a model framework
• The key steps in the VFM/ Performance auditing cycle
• Special planning considerations for VFM/ Performance audits

Executing the VFM/ Performance audit

• Conducting the VFM/ Performance audit
• Working with others during the VFM/ Performance audit
• Setting and assigning VFM/ Performance audit metrics
• Issues that must be considered in the data collection process
• Issues when analysing data and extracting conclusions
• Documenting the VFM/ Performance audit
• Communication during the audit and quality assurance of the results
• VFM/ Performance audits – core processes and process improvement
• VFM/ Performance auditing and information technology
• VFM/ Performance audits of activities with an environmental perspective

Reporting the VFM/ Performance audit

• Producing VFM/ Performance audit reports
• Structure and presentation of the VFM/ Performance audit result – the high impact reporting approach
• Distributing a VFM/ Performance audit report for maximum attention and impact
• Follow-up to the audit