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Training Fee=600USD</SPAN><SPAN
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<P class=MsoNormal
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style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif; COLOR: black; mso-color-alt: windowtext'>TRAINING
COURSE ON VALUE FOR MONEY AUDIT</SPAN></U></B><B><U><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif'><o:p></o:p></SPAN></U></B></P>
<P class=MsoNormal
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style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif; COLOR: black; mso-color-alt: windowtext'>Introduction</SPAN></B><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif'><o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0in 0in 7.5pt"><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif; COLOR: black; LINE-HEIGHT: 107%; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 0pt; mso-color-alt: windowtext'>In
the past decades, public audit institutions have increasingly focused not only
on auditing public sector financial accounts, but also on scrutinizing whether
public money has been used economically, efficiently and effectively. In other
words, whether public spending is ‘Value for Money’ (VFM). There is, however, no
prescribed or one-size-fits-all approach to VFM audit, which makes it a
challenging undertaking from a methodological and practical point of view. This
course will provide participants with a ‘step by step’ approach that they could
use in planning and delivering VFM, culminating in how to report findings and
secure change most effectively.</SPAN><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif; LINE-HEIGHT: 107%; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 0pt'><o:p></o:p></SPAN></P>
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style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif; COLOR: black; LINE-HEIGHT: 107%; mso-color-alt: windowtext'>Duration</SPAN></U></B><U><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif; LINE-HEIGHT: 107%'><o:p></o:p></SPAN></U></P>
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style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif; COLOR: black; LINE-HEIGHT: 107%; mso-color-alt: windowtext'>5
Days</SPAN><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif; LINE-HEIGHT: 107%'><o:p></o:p></SPAN></P>
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Fee</SPAN></U></B><B style="mso-bidi-font-weight: normal"><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif; COLOR: black; LINE-HEIGHT: 107%; mso-color-alt: windowtext'>:</SPAN></B><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif; COLOR: black; LINE-HEIGHT: 107%; mso-color-alt: windowtext'>
1100 USD</SPAN><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif; LINE-HEIGHT: 107%'><o:p></o:p></SPAN></P>
<P class=MsoNormal style="BACKGROUND: white; MARGIN: 0in 0in 7.5pt"><U><SPAN
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Fee</SPAN></U><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif; COLOR: black; LINE-HEIGHT: 107%; mso-color-alt: windowtext'>:
600USD</SPAN><SPAN
style='FONT-SIZE: 12pt; FONT-FAMILY: "Times New Roman",serif; LINE-HEIGHT: 107%'><o:p></o:p></SPAN></P>
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</SPAN><SPAN style="COLOR: black; mso-color-alt: windowtext"><A
href="http://tracking.datastat.co.ke/tracking/click?d=nYUam7vSZI_B28OJR0YwjHXhqghbHSsVeasgzymtlJ-NC3SGRW1fAKt3iQcsLolEk-bHlg6ejqvz8ExD9gWkbd99B79k9gQ_o7h9ABkMYLHlz12Rgfg1wftw34FESl6ENanc-rtURbtnlS-8ANpdzvx8r6QNdAPpuc3V_TeRYd86_QetiUGHO7KrUMnVJI_TZR5ZgwTi-VG3fFQxpE4yHSMfSLAnV3yiEDnU0Fk11Tw-MWU9QoiL-Hh4RoGmnMvbIHjKXFQWG7dJld8FtnYrdxIcQsMdpg9tgcuiLvdem6dX0"><SPAN
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<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>Course Objectives</SPAN></B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'><o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>This training course provides a
basic overview and in-depth look auditing Joint Interest, Accounting procedures
and processes. This will provide accountants and other petroleum players with an
understanding of the necessary functions and operations for Joint Interest
Auditing.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>Course Outcomes</SPAN></B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'><o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>At the end of this training course,
you will be able to:</SPAN></B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'><o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>· Conduct
a Value for Money (VFM) audit<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>· Identify
key elements of a joint interest audit<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>· Develop
a risk-based approach to audit<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>· Produce
compelling Value for Money (VFM) audit reports<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>· Understand
the best practice in investigate fraud<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>Who Should Attend?</SPAN></B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'><o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>This training course should be of
particular interest to those supreme audit institutions involved in VFM
auditing, or those planning to develop this stream of work. It should also be of
interest to internal auditors/external auditors, policy makers and public
officials in the Public Sector in African Countries.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>Course Outline</SPAN></B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'><o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>Module I: What is Value
for Money (VFM) Audit?</SPAN></B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'><o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>a. Organizational
Drivers and Objectives<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>b. Concept
of Value for Money (VFM) Audit and its Roles in Achieving the Organizational
Goals and Objectives<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>c. Pillars
of Value for Money (VFM) Audit<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>d. The
Challenges of Value for Money (VFM) Audit<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>e. The
Value for Money (VFM) Auditor<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>Module II: The Audit
Function </SPAN></B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'><o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>a. Purpose
& Types of Audits<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>b. The
Roles & Procedures within the Internal Audit
Department<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>c. Audit
Preparation and Planning to Ensure an Effective Audit<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>d. Audit
Testing / Sampling to Verify Accounts and Controls<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>e. Communicating
Audit Findings & Audit Reviews<B> </B><o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>Module III: Initiating
and Planning the VFM Audit</SPAN></B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'><o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>a. The
Procedures of Value for Money Audit<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>b. A
Risk-based Approach to Value for Money (VFM) Audit: A Model
Framework<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>c. The
Key Steps in the Value for Money (VFM) Auditing Cycle<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>d. Special
Planning Considerations for Value for Money (VFM) Audit<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>e. Value
for Money (VFM) Audit and KPIs<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>f. Obstacles
to the Conduct of Value for Money Audit<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>Module IV: Executing the
Value for Money (VFM) Audit</SPAN></B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'><o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>a. Conducting
the Value for Money (VFM) Audit<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>b. Working
with others during the Value for Money (VFM) Audit<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>c. Setting
and Assigning Value for Money (VFM) Audit Metrics<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>d. Process
of the Data Collection Process<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>e. Analyzing
Data and Extracting Conclusions<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>f. Management
Controls and Value for Money Audit<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>Module V: Reporting the
Value for Money (VFM) Audit</SPAN></B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'><o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>a. Documenting
the Value for Money (VFM) Audit<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>b. Quality
Assurance of the Results<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>c. Producing
Value for Money (VFM) Audit Reports<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>d. Distributing
a Value for Money (VFM) Audit Report and the Impact<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>e. Case
Study & Discussion<o:p></o:p></SPAN></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0in 0in 8pt"><B><SPAN
style='FONT-FAMILY: "Times New Roman",serif'>Methodology</SPAN></B><SPAN
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