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Value for Money Audit

An Interactive 5-Day Training Course

Value for Money Audit

Discovering Techniques in Assessing Effectiveness and Efficiency of Your Organisational Funds

NASBA
Classroom Schedule
Date Venue Fees
20 - 24 Apr 2026 Dubai $ 5,950
29 Jun - 03 Jul 2026 Kigali $ 5,950
31 Aug - 04 Sep 2026 Dubai $ 5,950
02 - 06 Nov 2026 London $ 5,950
07 - 11 Dec 2026 Dubai $ 5,950

Course Summary

This GLOMACS Value for Money Audit training course is designed to assist the auditor in assessing whether an organization operates in a cost conscious, efficient and effective manner, and it will improve the organization’s internal audit function.

The role of internal audit is to assess the management in achieving the strategic objectives. Though generally Value for Money (VfM) audits are performed more frequently in the public sector, there are an increasing number of private companies carrying out VfM audits. However, few auditors have in-depth experience of Value for Money Auditing.

This unique practice-based training course brings together the common elements of VfM Audit based reviewing into a single source for a reviewer. 

Course Outline
Day 1

What is Value for Money (VfM) Audit?

  • Organizational Goals and Objectives in public and private sector
  • Overview of value for money audit: Definition, purposes
  • Value for Money (VfM) Audit and its Roles in Achieving the Organizational Goals and Objectives
  • Pillars of Value for Money (VfM) Audit
  • Importance and Benefits of VFM Audit
  • The Challenges of Value for Money (VfFM) Audit
  • VFM Audit Frameworks and Standards
  • The Value for Money (VfM) Auditor
  • Case Studies and Group Discussion.
Day 2

The Audit Function

  • Understanding the Audit Department.
  • Purpose & Types of Audit.
  • Internal Audit Charter and Audit Committee Oversight.
  • The Roles & Procedures within the Internal Audit Department
  • Internal Control Framework .Risk assessment and governance.
  • Overview of the audit process and stages involved.
  • A Risk-based Audit  Approach: A Model Framework
  • Audit Preparation and Planning to Ensure an Effective Audit
  • Audit Testing / Sampling to Verify Accounts and Controls
  • Communicating Audit Findings & Audit Reviews
  • Practical Exercise: Developing a VFM Audit Plan
Day 3

Initiating and Planning the VfM Audit

  • Overview of the planning phase in value for money audit.
  • Setting audit objectives, scope, and criteria.
  • The Key Steps in the Value for Money (VfM) Auditing Cycle
  • Risk assessment and identification of key areas for audit focus.
  • A Risk-based Approach to Value for Money (VfM) Audit: A Model Framework
  • Setting and Assigning Value for Money (VfM) Audit Metrics
  • Value for Money (VfM) Audit and KPIs
  • Obstacles to the Conduct of Value for Money Audit
  • Practical Exercise: Developing a VFM Audit Plan
Day 4

Executing the Value for Money (VfM) Audit

  • Approve the audit plan and work programs.
  • Fieldwork  and Data Collection Methods and Techniques
  • Sampling Methods and Sample Size Determination
  • Analyzing financial and non-financial data for value for money assessment and Extracting Conclusions
  • Working with others during the Value for Money (VfM) Audit
  • Documenting the Value for Money (VfM) Audit
  • Management Controls and Value for Money Audit
  • Practical Exercise: Conducting a VFM Audit
Day 5

Reporting the Value for Money (VfM) Audit

  • Overview of the reporting phase in value for money audit.
  • Principles of effective communication in audit reporting.
  • Developing key findings and recommendations.
  • Audit Reports: The 5 C's
  • Structuring the value for money audit report.
  • Producing Value for Money (VfM) Audit Reports
  • Distributing a Value for Money (VfM) Audit Report and the Impact
  • Quality Assurance of the Results
  • Case Study & Discussion
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

KHDA
NASBA

In Association With

Options & Brochure

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

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Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email info@glomacs.sa . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at info@glomacs.sa

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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