Capital Projects and Construction Auditing

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Capital Projects and Construction Auditing

Course Category : Audit

A professional training programme focusing on auditing capital projects and construction activities to enhance governance, optimise project spending, manage risks, and improve project performance in line with international best practices.
Duration: 5 Days | Level: Advanced

Introduction

Capital projects and construction programmes involve significant investments and are exposed to risks related to cost overruns, schedule delays, quality deficiencies, and contractual compliance. Effective auditing provides independent assurance over project governance, financial controls, and operational performance.
This course explores auditing methodologies for capital projects throughout the project lifecycle, covering governance, procurement, contract management, cost control, risk management, project execution, and reporting using recognised international practices..

Targeted Audience

  • Internal Audit Managers
  • Internal Auditors
  • Project Managers
  • Construction Project Managers
  • Project Engineers
  • Governance and Compliance Managers
  • Contract and Procurement Managers
  • Audit Committee Members

Targeted Skills

  • Capital Project Auditing
  • Project Governance Assessment
  • Contract and Procurement Auditing
  • Cost and Schedule Review
  • Risk and Control Evaluation
  • Project Audit Reporting

Expected Outcomes

  • Understand the lifecycle of capital and construction projects.
  • Evaluate project governance and control frameworks.
  • Review procurement, contracts, and change management processes.
  • Assess project cost, schedule, and quality controls.
  • Identify key risks affecting construction projects.
  • Prepare professional audit reports for executive management and audit committees.

Training Topics Index

  • Capital project lifecycle
  • Project governance principles
  • Stakeholder responsibilities
  • Internal audit roles in projects

  • Feasibility study reviews
  • Procurement and tender auditing
  • Contract and claims management reviews
  • Change order assessment

  • Cost control reviews
  • Progress payment auditing
  • Schedule management assessment
  • Quality control evaluation

  • Project risk assessment
  • Key Performance Indicator (KPI) reviews
  • Corrective control evaluation
  • Regulatory and contractual compliance reviews

  • Project audit reporting
  • Executive communication
  • Follow-up activities
  • International best practices in project auditing

Course Features

  • Updated and Interactive Content
  • Hypothetical Examples and Case Studies
  • Pre- and Post-assessments to Measure Impact
  • Verified Certificate with a QR Verification Code