Finance is the study of how people allocate their assets over time under conditions of certainty and uncertainty.
Banking can be defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit.
Course Title: Auditing Donor Funded Projects
Venue: ESAMI Headquarters, Arusha, TANZANIA
Learning Duration: 2 weeks
Starting: 2 Oct 2017 Ending: 13 Oct 2017
Fees: 1500 USD
Payment Details: to cover tuition and training materials only.
Audit of donor funded project are challenging given the complexity and nature of projects. In addition, key stakeholders may have different expectations. In addition, managers and officers working with donor funded projects are faced with competing demands such as the management of projects within budget, quality and time. The development partners expect prudent management of financial resources and that financial reports are submitted within the timeframes stipulated in the project document. Target beneficiaries expect to get value for money through an array of benefits that trickle down to them. Dilemmas that characterise the finance and audit processes for project managers within donor-funded project settings can be daunting if the project team is ill equipped in the finance and audit functions. This is particularly so because the final accountability for project financial and human resources lies with the project managers. Auditors have a greater role to play.
WHO SHOULD ATTEND?
Managers and Officers whose work is closely related to donor funded projects and community based projects. Participants may be drawn from the public sector, NGOs or private sector organizations engaged in projects that entail public-private partnerships.
HOW PARTICIPANTS WILL BENEFIT
At the end of the course participants will be able to:
Appreciate project management for donor funded projects;
Plan for donor funded project audit;
Explain the role of internal auditing for the success of donor funded projects;
Execute risk based auditing for donor funded projects;
Report and monitor donor funded project audits.
Nature and complexity of donor funded projects;
Objectives of project's internal audit;
Risk assessment tools for donor funded projects;
Risk based auditing of donor funded projects;
Checklist and readiness check for donor funded project audit;
Planning and executing project audit;
Review of business and project policies,
Procedures and systems;
M&E for donor funded projects;
Communication and reporting of donor funded audit.