Auditing Projects (Project Governance and Assurance) - Online Classroom

Almost every organisation will have programs and projects rating high on their risk register, appearing in their audit universe, and therefore, subject to the audit process. But how do we know what to audit, when to audit or who can assist us with our project audit?

Learning Outcomes:

The following learning outcomes will be covered during the "Auditing Project" training, with the main focus being on auditing and providing assurance on projects.

• The difference between a Portfolio, a Program, and a Project
• An understanding of what Project Assurance is
• Be comfortable with the role of Internal Audit in project assurance
• Apply the internal audit approach to projects
• Forward-looking project audit and assurance

Topics Covered:

1. The difference between a Portfolio, a Program, and a Project

• Portfolios
• Programs
• Projects
• • Project management methodologies
  • • Waterfall
    • Agile
    • Hybrid
    • Differences between waterfall, agile and hybrid that are important to internal audit
  • Project Management Plan / Project Execution Plan with subsidiary management plans which sets the project governance, risk, compliance and assurance requirements / controls
  • The Project Management Office and where it features

2. An understanding of what Project Assurance is

• Using the 3-lines model
• Project Assurance Plan (integrated assurance)
• • Understanding where and how various assurance reviews could feature during the project management cycle, and afterwards (operations and benefits realisation)

3. Be comfortable with the role of Internal Audit in project assurance

• Understand how project management, project assurance and internal audit align on projects
• Assurance vs. consulting engagement when it comes to projects

4. Apply the internal audit approach to projects

• Unpacking the IPPF in terms of project audits
• Identify the appropriate internal audit approach based on the project management methodology used
• The difference in the internal audit approach depending on the project management methodology being used (waterfall vs. agile vs. hybrid)
• Determine the adequacy and test the effectiveness of the project controls in place to mitigate against risk exposure (project control environment assessment)
• Risk management remains at the centre (risk-based auditing)

5. Forward-looking project audit and assurance

• Data analytics techniques and digitisation

Online Classroom: This full one-day training program will be delivered in two 3 hour lessons (10: 30am - 1:30pm AEST /
12:30pm - 3:30pm NZT) over two days on 18 and 19 July using Zoom.
Registrations will be strictly limited to 12 participants to allow maximum interaction in the online environment.

Register Here

IIA-Australia Online Classrooms listed on the IIA NZ website are open to all IIA NZ members and non-members. The registration for these Classrooms is through the IIA-Australia website.

To convert the event date and time to your local time, select the iCal calendar at the top right of the event listing.

Note: When registering through an international website, please be aware that you will be charged in their currency.

IIA NZ Members: $563.64 AUD
Duration & CPE: 2 x 3 Hours, 6.00 Hours