Auditing in the Public Sector Organisation

About the Course

Public Sector Audit can be defined as a systematic process that consistently and objectively evaluates the financial, administrative and technical activities carried out, as well as the objectives, plans and objectives. Plans, programmes and objectives achieved by public sector agencies and units. Public administration, to determine whether information or conditions comply with established regulations. Public Sector Auditing Standards are subject to corresponding explanatory provisions such as a glossary of terms and a code of public audit ethics that supplement the regulations.

All countries are moving towards more diligence and significant trade, with greater adaptability and local orientation internationally. Therefore, transparency and compliance with the law have become one of the goals of every civil and public servant, officer and manager. There is an excellent demand for audits in the public sector for the peculiarities of control in public administration, which has led to the provision of specialised services in this area. Extensive experience in audit and assurance services is becoming highly required in the public sector, capable of providing analysis, investigation, observation, compliance testing or comprehensive data processing techniques. Audits have added value in the planning, implementation, and conclusion phases as they extend beyond the required compliance process and its areas of action.

This 5-day highly participative Auditing in the Public Sector Organisation training course will equip the delegates to understand how to conduct an audit from start to end. It can be used as a guide to audit almost any process. It will instil delegates' best practices to ensure the efficient and orderly running of the business's operations and procedures.

Core Objectives

The delegates will achieve the following objectives:

• Understand and implement both internal and external audit
• Attain the legal knowledge behind the need for the Internal and external audit
• Comprehend the audit role in the corporate governance
• Generate the roles required from the audit to achieve the institution’s goals
• Know the necessary internal controls in the public sector organisation
• Bridge compliance to internal and external audits in the public sector organisation

Training Approach

This training course follows the latest advanced educational approaches. It will use various proven, highly interactive and communicative learning techniques to ensure maximum understanding, assimilation, and retention of the information presented. This includes but is not limited to, group and individual exercises, relevant videos, case studies, and role plays. It also elaborates on recent worldwide cases and is directly related to this programme. Also, it is highly open are requiring the delegate's interventions. A complete electronic version of the training manual will be provided, including copies of all slides, handouts and checklists.

The Attendees

Any staff member involved in Audit, Finance, Accounting, Compliance, and Legal can benefit from this training course and improve their knowledge about “Auditing in the Public Sector Organisation” to add value.

Likewise, it will be valuable to the professionals but not limited to the following:

• Audit Analysts, Officers, & Managers
• Financial Analysts, Officers, & Managers
• Financial Markets Officers & Managers
• Portfolio Officers & Managers
• Policymakers
• Planning Officers & Managers
• Project Officers & Managers
• Financial Strategists
• Commercial Officers & Managers
• Governmental Officers & Managers
• Organisation Consultants & Advisors
• Compliance Officers & Managers
• Risk Officers & Managers
• Quality Assurance Officers & Managers
• Compliance Officers & Managers
• Legal Officers & Managers

Daily Discussion

DAY ONE: INTRODUCTION TO AUDIT IN THE PUBLIC SECTOR ORGANISATION

• Definition of Audit
• Different Types of Audits
• Objectives of the Audit
• Categories of the Audit
• Relation between Accounting and Audit

DAY TWO: AUDIT IN THE PUBLIC SECTOR ORGANISATION IS ESSENTIAL

• Audit is Required by the Decision Makers in the Public Sector Organisation
• Audit is Required to assist the Managerial Functions
• Audit is Required to a Prevent Crisis
• Audit is an Assurance for Risk Management
• Audit Grants Transparency in the Public

DAY THREE: EXTERNAL AUDIT VS INTERNAL AUDIT IN THE PUBLIC SECTOR ORGANISATION

• Internal Audit in Details
• External Audit in Details
• Internal Audit vs External Audit
• Inspection of the Local Fanatical Authorities
• Prevalence of International Audit Requirements

DAY FOUR: CORPORATE GOVERNANCE OF INTERNAL CONTROLS IN THE PUBLIC SECTOR ORGANISATION

• What is Internal Control?
• Policies, Standards, and Procedures
• Operational Risk
• Risk Register
• Risk Matrix

DAY FIVE: INTERRELATION BETWEEN AUDIT, COMPLIANCE AND LAW IN THE PUBLIC SECTOR ORGANISATION

• What is Compliance?
• Impact of the Compliance Risk
• Interrelation between Compliance and Audit
• Interrelation between Law and Audit
• The Three Lines of Defense