Capital Projects and Construction Auditing

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Capital Projects and Construction Auditing

Course Category : Project Management

Specialised training programme designed to strengthen auditing capabilities for capital and construction projects using international best practices to enhance governance, compliance, and project performance.
Duration: 5 Days
Level: Advanced

Introduction

Capital and construction projects represent some of the largest organisational investments, making them vulnerable to cost overruns, schedule delays, governance weaknesses, and contractual risks. Effective auditing provides assurance that projects are managed efficiently, resources are properly utilised, and organisational objectives are achieved.
This course examines comprehensive audit methodologies covering the entire capital project lifecycle, including governance, procurement, contract administration, project controls, change management, financial oversight, and reporting in accordance with recognised internal auditing practices..

Targeted Audience

  • Internal Audit Managers.
  • Internal Auditors.
  • Project Managers.
  • Construction and Project Engineers.
  • Contract and Procurement Managers.
  • Risk Management Professionals.
  • Audit Committee Members.
  • Governance and Compliance Officers.

Targeted Skills

  • Capital Project Auditing.
  • Project Governance Assessment.
  • Contract and Procurement Auditing.
  • Project Risk Analysis.
  • Cost and Change Auditing.
  • Project Audit Reporting.

Expected Outcomes

  • Understand the audit lifecycle of capital and construction projects.
  • Evaluate project governance and internal control effectiveness.
  • Audit procurement, contracts, and change management processes.
  • Assess project risks and related control activities.
  • Produce professional audit reports with practical recommendations.
  • Apply international best practices in capital project auditing.

Training Topics Index

  • Capital project lifecycle.
  • Project governance principles.
  • Internal auditor responsibilities.
  • Audit planning methodologies.
  • Relevant auditing standards.

  • Feasibility study auditing.
  • Tendering and procurement reviews.
  • Contract administration auditing.
  • Supplier and consultant evaluation.
  • Contract compliance controls.

  • Construction progress auditing.
  • Change order auditing.
  • Cost management reviews.
  • Claims and variation assessment.
  • Project performance indicators.

  • Project risk assessment.
  • Internal control evaluation.
  • Quality and safety auditing.
  • Specification compliance reviews.
  • Root cause analysis of deviations.

  • Audit report preparation.
  • Recommendation development.
  • Follow-up procedures.
  • Project closeout auditing.
  • Continuous improvement practices.

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