Advanced Auditing for Contracts and Procurement

*Sources of Contract Law
· Areas of Contract Information
· How Contract reduce organizational Risk
· Identify the Audit Related purpose

*Contract Components
· What Constitutes offer and acceptance of a contract
· Determine whether a contract exists
· Define consideration as a component of contracts
· Illegal provisions which render contracts void

*Planning the Audit of Contracts
· Planning an Audit of Contracts
· Approach to Flowcharting the process
· Integration of Contract valuation
· Risk Assessment and Plan a Walk Through

*Selecting Audit Samples of Contracts
· Financial Statements to be considered
· Sampling Strategies and Techniques
.· Risks in Limiting Audit Scope
· Sources of Information Regarding Deficiencies with contracts

*Reforming Control and Substantive Tests
· Contract type, Identify key Controls
· Compare and Contract General Substantive Tests and
Contract Specific
· Materiality when performing audit Steps
. Combining test if controls with substantive tests

FOR WHOM: All Internal Auditors in both the Public and Private Sectors.

1ST BATCH: Tuesday, February 17, 2026 — Friday, February 20, 2026.

2ND BATCH: Tuesday, June 9, 2026 — Friday, June 12, 2026.

3RD BATCH: Tuesday, October 6, 2026 — Friday, October 9, 2026.

The training methodology integrates lectures, interactive discussions, collaborative group exercises, and
illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical
experience, emphasizing the application of learned techniques. This approach ensures that attendees return
to their professional environments equipped with both the competence and self-assurance to effectively
implement the acquired skills in their responsibilities.