Auditing of Projects and Contracts: Techniques and Best Practices

Objective:
• Equip participants with the necessary skills and knowledge to effectively audit projects and contracts.
• Provide insights into auditing techniques specific to project management and contract administration.
• Foster an understanding of audit principles and their application in project and contract settings.
Course Content:
Auditing Fundamentals
• Understand the role and importance of auditing in projects and contracts.
o Overview of audit objectives and types
Project Auditing
• Techniques for auditing project planning and execution.
o Evaluating project scope and objectives
o Assessing project timelines and milestones
Contract Auditing
• Audit techniques for contract management and administration.
o Reviewing contract terms and conditions
o Monitoring contract performance and compliance
Risk Assessment in Project and Contract Audits
• Identifying and assessing risks in project and contract environments.
o Risk identification and prioritization
o Mitigation strategies and controls
Audit Reporting and Documentation
• Writing effective audit reports and documentation.
o Structuring audit findings and recommendations
o Communicating audit results to stakeholders
Ethical Considerations in Auditing
• Understanding ethical issues and considerations in auditing.
o Ethical standards and professional conduct in auditing
Case Studies and Practical Exercises
• Applying audit techniques through real-world case studies and exercises.
o Analyzing audit findings
o Developing corrective action plans

Methodology
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.

DATE:
1ST BATCH: 14th – 17th Apr, 2025
2ND BATCH: 19th – 22nd Aug, 2025
3RD BATCH: 9th – 12th Dec, 2025