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An Intensive 5-Day Online Training Course

Auditing of Projects and Contractors

Terminology, Concept & Applications

Ref Date Format Fees CPE Credits Registration
FI229e 17 - 21 Jan 2021 Live - Online US$ 2,400 30
FI229e 23 - 27 May 2021 Live - Online US$ 2,400 30
FI229e 03 - 07 Oct 2021 Live - Online US$ 2,400 30

Auditing of Projects and Contractors is a comprehensive online training course that will help you to understand the audit planning process and the subsequent execution of the audit of projects and contractors in order to meet the determined audit objectives.

This EuroMaTech online training course seeks to provide you with skills such as project risk assessment, appreciating the scope of risk associated with contractors and formulating a well-designed audit program. By applying these skills, you will be able to perform a comprehensive audit and obtain sufficient audit evidence to formulate an audit opinion and to report and implement your findings.

Participants attending the Auditing of Projects and Contractors online training course will develop the following competencies:

  • Doing a project and contractor risk assessment
  • Using audit planning to determine scope of the audit process
  • How to implement a detailed audit program
  • Effective communication of audit findings

  • Financial Managers who wish to broaden their scope of understanding of the audit of projects and contracts
  • Project Managers who will benefit from understanding the risk assessment and audit process in order to improve project outputs
  • Internal Auditors who wish to develop their technical skills and compliance
  • External Auditors who are involved in interim audits or agreed upon procedures
  • Accounting Professionals who wish to improve their career opportunities
  • Any key stakeholder in the implementation of material projects


This Auditing of Projects and Contractors online training course aims to enable participants to achieve the following objectives:

  • Understanding the integration of projects and contractors
  • Techniques for project risk assessment
  • Appreciating how audit planning impacts audit process
  • Skills to conduct the audit of projects and contractors
  • Development of management skills in audit process
  • Formulation of audit findings for effective implementation
  • How to use project audit to improve project efficiency and outputs


The Auditing of Projects and Contractors online training course is delivered as a hierarchy of related but separate modules and proceeds in a systematic interactive manner using lectures, lessons learned, practical examples, video materials, case studies, shared participant experiences and practice sessions and assessments. Participants will partake in group activities as well as individual exercises.


This comprehensive EuroMaTech online training course will enable each participant to appreciate and understand the concepts and certain complexities associated with the audit of projects and contractors along with topic terminology, concepts and applications.

Day 1:  Overview of Projects and Contractors
  • Overview of the project management process
  • Project activities and lifecycle
  • Key players within projects
  • Basic terminology of project management
  • Understanding the procurement process
  • Scope of contractors in the project
  • Compliance background
Day 2:  Risks and Objectives of the Audit
  • Project assurance
  • Definition of the project audit
  • Objectives of the project audit
  • Benefit of the audit
  • Users of the audit
  • Principles of the project audit
  • Risks and responses of projects
  • Risk and responses of contractors
Day 3:  Project Audit Process and Planning
  • Process of the project audit:
    • Preparatory phase
    • Performance phase
    • Evaluation / analytical phase
    • Conclusion phase
  • Pre-engagement planning
  • Risk assessment
  • Review of resources
  • Overview of audit methodology
Day 4:  Audit Methodology
  • Audit methodology according to individual phases and areas
    • “Project initiation” phase
    • The “Project proposal” phase
    • The “Project planning” phase
    • The “Project realisation” phase
    • The “Project completion” phase
    • Behavioural competence
    • Overall evaluation
  • Basic audit structure
  • Audit of procurement process
  • Audit of engagement with contractors
Day 5:  Audit Implementation and Reporting
  • Practical implementation of the audit process
  • Common issues of the process
  • Ethical considerations
  • Dealing with stakeholders
  • Application of resources
  • Writing the audit report
  • Audit report content
  • Presenting / implementing audit report
  • Implementation of best practices

VAT Announcement: The Government of UAE have introduced Value Added Tax (VAT) on goods and services from 01-January-2018. In compliance with the legislation issued by the UAE Government, we will be applying a 5% VAT on the fees for all our programs and services offered from January 2018 as applicable and stipulated in the FTA circulars.

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EuroMaTech training plan 2020 offers a wide range of programmes across a whole spectrum of topics, designed and delivered to provide participants with new ideas and knowledge for improving their skills, and to integrate these skills on a structured basis, to fast-track their professional development.

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