Management Audit Training

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Overview   |   Curriculum

Overview

The Management Audit training programme, often referred to as IMAT (International Management Audit Training) is the flagship training programme of the Grants and Review Board. The training was first introduced in 2001 and has been updated over the years taking into account new best practices and industry trends.

The in-person training delivery model has been augmented with a comprehensive online training course. The new training programme is being delivered via the Canvas platform, which is utilized by many of the top global universities.

The IMAT online curriculum will be delivered via slides and pre-recorded videos guiding the student through the six modules with various assessments (quizzes, essays, additional reading, team assignments) dispersed throughout the training. The training will be self-paced and course completion is expected to take 6 weeks.

Please contact your local GRB chair to express your interest in signing up for the course.


Curriculum

Module 1: Introduction

• Definition of Management Auditing
• Objectives, goals, and benefits
• Difference Between Financial & Management Audits
• 6-phase methodology
• Management audit structure

Module 3: Planning

• Understand and internalise the concept of audit criteria
• Sources of audit criteria
• Rubric scale to measure audit criteria
• Workshop – Developing audit criteria

Module 5: Analytic Review

•Overview of root cause analysis
•Common causes for audit findings
•Role of cognitive bias
•Cause & effect tools
•Prioritising recommendations
•Pitfalls to avoid when developing findings and recommendations
• Ethical dilemma

Module 7: Follow-up

• Guidance on follow-up audit
• Types of follow-up audits
• Process in implementing a follow-up audit

Module 2: Pre-Planning

• What is a terms of reference (“TOR”) document?
• Elements of a ToR
• Initial meeting with client Institution
• Workshop – Developing a ToR

Module 4: Examination

• Review various examination tools
• Interviewing techniques
• Planning and documenting
• Critique vs. criticism
• Qualities of an effective auditor
• Managing challenging situations

Module 6: Reporting

• Role of report writing within the audit process
• Attributes of a well-written report
• Reviewing and finalising the report
• Understanding how effective reports are structured
• Principles of clear report writing
• Developing an executive summary
• Workshop – critiquing reports