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Value for Money Audit Course


In today’s dynamic operating environment, organizations focus not only on results but also in ensuring the achievement of value. The ‘value’ driven culture permeates all the spheres of the organization. This shift in focus is meant to ensure that organizations achieve results in a way that also ensures value for money. However there are many performance driven challenges to achieving Value for Money (VFM). In order to establish whether an organization is achieving value, the auditor must be competent in assessing the economy, efficiency and effectiveness of the organization’s usage of resources. Auditors are faced with the challenges of undertaking value for money audit in all aspects of the audit.


5 Days


Personnel in audit, accounting and finance


At the end of this IRES training seminar, you will learn to:

  • Carry out an independent assessment of economy, efficiency, and effectiveness of the utilization of organizational resources;
  • Explain the state of the art technologies applicable to do value for money audit;
  • Describe the principles and practices of value for money audit;
  • Apply tools to plan and conduct Value for Money audit;
  • Monitor and evaluate the effectiveness of risk management systems;
  • Examine challenges experienced in carrying out value for money audit;
  • Examine how the organizations can achieve value for money;
  • Prepare value for money audit reports.


  • Setting the context for Value for Money audit;
  • Introduction to value for money audit;
  • Value for money readiness;            
  • Setting the context for value for money audit;
  • Introduction for value for money audit;
  • Value for money readiness check;
  • Value for money audit evidence value;
  • Value for money auditing approach, process, methodology and tools;
  • Value for money audit evidence value for money auditing approach.


The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.


Upon successful completion of this training, participants will be issued with an Indepth Research Services (IRES) certificate.


The training is residential and will be held at IRES training Centre. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.


Accommodation is arranged upon request. For reservations contact the Training Officer.

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.   

Mob: +254 715 077 817

Tel: 020 211 3814


This training can also be customized for your institution upon request to a minimum of 4 participants. You can have it delivered in our training centre or at a convenient location.

For further inquiries, please contact us on Tel: +254715077817, +254(020) 211 3814 or mail This email address is being protected from spambots. You need JavaScript enabled to view it.


Payment should be transferred to IRES account through bank on or before C.O.B. 30th September2019.

Send proof of payment to This email address is being protected from spambots. You need JavaScript enabled to view it.


Payment for all courses includes a registration fee, which is non-refundable and equals 15% of the total sum of the course fee.

1.    Participants may cancel attendance 14 days or more prior to the training commencement date.

2.    No refunds will be made 14 days or less to the training commencement date. However, participants who are unable to attend may opt to attend a similar training at a later date, or send a substitute participant provided the participation criteria have been met.

Please Note: The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

Event Properties

Event Duration 5 Days
Event Date 07-10-2019
Event End Date 11-10-2019
Cut off date 30-09-2019
Individual Price(Kenyan) KES 69,000
Individual Price (International) EUR 790
Individual Price(International in Dollars) USD 920
Location Nairobi, Kenya
We are no longer accepting registration for this event
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