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Selecting and Planning Audits for Return on Investment

Course Category Audit

March 07, 2025

8:00 a.m.

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On-Site

This course will be delivered on-site in Guam.

Registration for this course is invitation-only. Please email us for additional details.

This course is designed for the Guam Office of Public Accountability

Course Description

Selecting performance audits to conduct is like building a successful investment portfolio. Developing meaningful objectives helps ensure each audit efficiently and effectively achieves meaningful results. Together, selecting the right audits and clear objectives provide a return on investment that is highly valued, relevant and meaningful to the stakeholders it serves. Explore techniques and factors for selecting and planning audits based upon measurable factors of risk, materiality, public interest, and public benefit as valued by its many stakeholders. You will identify stakeholder interest and needs, future opportunities and external threats; apply a cost benefit approach using measures of outcome value to score proposals; and formulate compelling audit objectives leading to meaningful specific future-oriented recommendations of value.

What You Will Learn

Learning Outcomes:

Apply strategic customer value in assessing desired stakeholder needs
Perform a SWOT analysis and logic model to consider audit topic objectives
Use internal and external risk assessment to identify areas of vulnerability and opportunity as criteria for scoring potential audit benefits and results
Apply a cost/benefit approach to score the potential value of audit proposals
Describe the central role of objectives in performance auditing
Write objectives that provide clear direction for planning field work, assigning staff, facilitating report writing and meeting auditing standards
Track audit progress and measure actual results

Who Should Attend

All auditors, evaluators, analysts and executives who are responsible for developing, proposing or selecting audit/evaluation topics, and for developing specific audit/evaluation objectives.

Tuition Fees

With funding support from the United States Department of the Interior, Office of Insular Affairs, courses are available free of charge for government accountability professionals within the insular areas. The course fee is waived and there is no cost to register and attend, Professionals who do not meet the above criteria, please contact [email protected].

NEXT SESSION

DAYS

HOURS

MINS

SECONDS

March 07, 2025

8:00 a.m. to 5:00 p.m.

Change

CPEs - 8 Credit Hours

On-Site, Guam

DNA Building 238 Archbishop Flores Street Hagatna, Guam 96910, Guam

EMAIL ADMIN

Instructor

Michael Binder

Washington, DC

Michael, Gradudate School USA Instructor, is the fomer Director of the Graduate School USA, Government Audit Training Institute. Hes has served over forty two years in federal audit staff, management and executive positions in GAO, the Inspector General community and as Acting Inspector General of the National Endowment for the Arts. Michael has a BBA and MBA in Finance and Economics from the George Washington University, attended Harvard University, the Federal Law Enforcement Training Center and the Federal Executive Institute. He is a Certified Internal Auditor, a Certified Fraud Examiner, and a former national officer of the Association of Government Accountants.

Photo Gallery

Photos from recent activities hosted by the Pacific and Virgin Islands Training Initiatives (PITI-VITI) in support of conferences, training and leadership development, are available below.