Course in Value for Money Audit

Dubai Premier Centre (DPC) offers a specialised course in Value for Money Audit , aimed at professionals seeking to enhance their knowledge and expertise in evaluating how efficiently and effectively resources are utilised. This course provides an in-depth exploration of the core principles and methodologies behind conducting value for money audits, with a focus on improving accountability and ensuring optimal use of public and private sector resources. It equips participants with the skills to assess the performance of various sectors against expenditure, addressing both challenges and opportunities in the auditing process.

January 27, 2025

February 24, 2025

March 31, 2025

April 28, 2025

To provide participants with a comprehensive understanding of the concept of value for money audit and its application across various sectors.
To explore the components of value for money audit and the role they play in improving operational efficiency and effectiveness.
To understand the advantages and disadvantages of value for money audit and how it can impact decision-making.
To equip participants with the knowledge to critically evaluate the challenges of value for money audit, particularly in public sector environments.
To improve participants’ ability to conduct thorough value for money audits, ensuring transparency, accountability, and value delivery.

Target Audience

Public sector auditors and financial professionals interested in value for money auditing and its role in governance and performance evaluation.
Government officials, administrators, and managers seeking to understand and implement effective auditing practices for efficient resource utilisation.
Private sector auditors and consultants involved in evaluating public-private partnerships or government contracts.
Professionals in regulatory bodies who wish to deepen their understanding of value for money audits and their regulatory role.
Any professional looking to enhance their auditing skills to improve organisational performance and accountability.

Introduction to Value for Money Audit
- Definition and concept of value for money audit: Understanding its significance in both the public and private sectors.
- The National Audit Office value for money approach and how it influences global auditing standards.
- The role of value for money audit in ensuring efficient allocation of resources.
Components of Value for Money Audit
- The three core components: economy, efficiency, and effectiveness.
- Understanding the audit commission value for money and its practical implications.
- Assessing the advantages of value for money audit in improving performance and resource use.
Methodology and Techniques in Value for Money Auditing
- Key auditing methodologies and tools used in value for money auditing.
- Practical techniques for assessing the advantages and disadvantages of value for money audit.
- A step-by-step approach to conducting value for money audits in different sectors.
Challenges in Value for Money Auditing
- A deep dive into the challenges of value for money audit in the public sector.
- Overcoming obstacles such as political interference and data availability.
- How to navigate the complex nature of large-scale audits to determine effectiveness and efficiency.
Practical Applications of Value for Money Audit
- Exploring case studies of successful value for money audit implementations.
- The impact of value for money audits on decision-making and resource allocation.
- Real-world examples of improving transparency and accountability through auditing.
Reporting and Recommendations in Value for Money Audits
- How to create clear, actionable reports from value for money audits.
- The role of the auditor general value for money audit in driving public sector reform.
- Communicating audit findings and recommendations to relevant stakeholders.
Evaluating the Future of Value for Money Auditing
- Emerging trends and technologies in value for money auditing.
- The evolving role of auditors in the context of new financial and regulatory challenges.
- Preparing for the future of auditing with a focus on value for money in the digital age.

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