Performance Auditing

Subject: ‘Performance Auditing’
Date: Monday, 18 December 2023
Time: 09:00 to 17:00
Venue: Cleopatra Hotel
Language: English
CPE Points (Continuous Professional Education): 7 CPEs
Instructors: Konstantinos Triantafyllidis (BSc, MBA, CIA, CFSA, CCSA, CFE)
Outline: Seminar Outline
Registration Form: Seminar Participation



• Introduction to Performance Audit
• The objectives of a performance audit
• Relationship among the 3Es
• The performance audit cycle – main steps
• Types of audits
• The organization of audit work
• Risks identification and assessment
• Receive the Audit Assignment
• Gathering Information about the Subject Matter
• The Audit Planning Memorandum
• Determine the Criteria
• Risk Assessment and Internal Control Reviews
• Refine and Define the Audit Objectives
• Select Testing Methodologies
• Completing the Planning Phase
• Specific Audit Program/Plan
• Documentation, Testimonial evidence, Documentary evidence, File Examination, Policy statements and legislation, Auditee budget statements, Management reports and reviews, Databases, Literature
• Quantitative & Qualitative analysis
• Observation(s),
• Elements of an Observation
• Recommendation(s),
• Characteristics of useful recommendations
• Audit Exit Conference
• Discussion Draft Report
• Final Report

Program Overview

Performance Auditing carried out by Supreme Audit Institutions (SAIs) and big Internal Audit Departments, is an independent, objective and reliable examination of whether government undertakings, systems, operations, programs, activities or organizations are performing in accordance with the principles of economy, efficiency and effectiveness and whether there is room for improvement. Performance auditing seeks to provide new information, analysis or insights and, where
appropriate, recommendations for improvements.

Performance auditing focuses on the concepts of economy, efficiency and effectiveness. The scope of the audit is expanded beyond the verification of financial controls or compliance with policies as it looks for the existence of management measures such as leadership, employee empowerment, teamwork, risk assessment, management information, communication, resource allocation, productivity measurement, etc. Performance auditing therefore requires flexibility, analytical skills to provide organizations with innovative solutions and new ideas.

Performance Auditing often includes the analysis of the conditions required to ensure that the principles of economy, efficiency and effectiveness can be implemented. These conditions can include good management practices, or procedures to ensure correct and timely delivery of services. Where appropriate, the impact of the regulatory or institutional framework on the performance of the audited entity should also be taken into account.

Organizations are increasingly facing performance challenges driven by the need for greater economy and efficiency. Though Performance audits are performed more frequently in the public sector, there is an increasing number of private companies carrying out Performance audits. However, few auditors have in-depth experience of Performance audits.

Program Objectives

This course aims to bring clarity to the subject of “Performance Auditing” and to equip participants to understand a range of techniques for assessing the economy, efficiency and effectiveness of their business areas, functions, services and projects.