What you will be able to do
- Understand the scope and steps of a project financial audit
- Organise the evidence auditors will request
- Respond to draft findings with facts
- Turn recommendations into a tracked action plan
Who it is for
- Project finance teams
- Project coordinators
- Internal auditors who follow projects
Prerequisites
- Knowledge of the project’s financial procedures
Program
What the auditor is looking for
- Terms of reference and audit opinion
- Financial statements, procurement and controls
- The calendar from planning to final report
Getting the evidence ready
- A document index that saves days
- Reconciliations and confirmations
- Explaining unusual transactions in advance
During and after fieldwork
- Working with the audit team day to day
- Responding to draft findings
- The management letter and how to answer it
Using the audit
- Recurring findings and their root causes
- An action plan with owners and dates
- Reporting progress before the next audit
How we work
- Review of an anonymised management letter
- Building an evidence index for a sample project
- Role play of an exit meeting with auditors