Project Auditing And Review

Project Management · Level 6  ·  6 Chapters

Compiled by: Alice Njoroge

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What Project Auditing And Review covers

Project Auditing And Review in Project Management Level 6 covers the checks a project faces before it is called complete. Trainees develop the audit plan, setting objective, scope, criteria and team, then develop audit tools and the audit budget. Conducting the audit covers procedures, meetings, report writing, the audit opinion and the management letter. Follow-up tracks implementation of recommendations. The last outcome conducts a project review with its types, objectives, parameters, team, stakeholders, plan and tools.

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Careers after Project Auditing And Review

Project auditing and review skills are the backbone of successful projects across Kenya’s booming infrastructure, energy, agriculture, and technology sectors. Whether you join a large organization or launch your own consultancy, these abilities let you ensure projects stay on track, spend wisely, and deliver the promised benefits.

  • County infrastructure departments in Kisumu or Nakuru - you define audit objectives that match the county’s development plans, set the scope for road or water-service projects, and prepare audit reports that help local leaders allocate funds more effectively, earning a civil service salary or contract fees.
  • Large construction firms working on high-rise buildings in Nairobi’s Central Business District - you decide the audit team composition, assign clear roles, and use specialised audit tools to monitor progress, allowing the firm to avoid costly rework and secure bonuses tied to on-time delivery.
  • Renewable-energy project companies installing solar farms in Turkana - you calculate audit budgets, establish control procedures to track expenditures, and implement corrective actions that keep the project compliant with donor and investor requirements, earning a senior audit officer salary or performance-based incentives.
  • Donor-funded community development NGOs operating in the Rift Valley - you conduct audit procedures according to the audit plan, prepare concise audit reports for donors, incorporate stakeholder comments, and share final findings, ensuring continued funding and providing a steady stipend or consultancy fee.
  • Private engineering consultancies offering project-review services to mining operations in Kitui - you determine the type of review needed, identify review objectives, and assess the status of recommendation implementation, helping clients minimise environmental and safety risks while charging per-review fees.
  • Manufacturing plants expanding production lines in Kiambu - you develop and acquire audit tools that monitor equipment installation and budget adherence, presenting audit results to plant managers and earning a permanent role as internal project audit manager with salary progression.
  • ICT implementation firms rolling out digital solutions for banks in Mombasa - you train audit teams on new audit software, define audit criteria aligned with technology rollout goals, and track corrective actions, positioning yourself for senior consultancy contracts that pay per successful system audit.
  • Tourism-development projects building resorts on the Kenyan coast - you agree on follow-up actions with stakeholders, monitor the implementation of audit recommendations, and ensure that project timelines meet seasonal opening dates, earning commissions linked to project milestones.
  • Agricultural value-chain cooperatives in Western Kenya - you act as a freelance project audit specialist, defining audit scopes for processing facility upgrades, preparing stakeholder-friendly reports, and charging hourly rates or project-based fees for your expertise.
  • Self-run audit advisory boutique serving SMEs across Nairobi’s industrial zones - you combine all the skills - objective setting, budgeting, reporting, and follow-up - to offer end-to-end audit services, building a reputation that attracts repeat business and allows you to set your own rates.

Mastering project auditing and review opens doors to stable employment, lucrative consultancy work, and the freedom to run your own audit practice - every project you touch becomes a showcase of your professionalism and a stepping stone to a thriving career.

Chapters

What Project Auditing And Review covers: 39 main topics in 6 chapters

1. Develop audit plan

  1. 1.1 Audit objective defination
  2. 1.2 Audit scope defination
  3. 1.3 Audit criteria
  4. 1.4 Composition of audit team
  5. 1.5 Audit team appointment
  6. 1.6 Roles and responsibilities of the audit team

2. Develop audit tools

  1. 2.1 Types of audit tools
  2. 2.2 Development of audit tools
  3. 2.3 Application of audit tools

3. Develop audit budget

  1. 3.1 Meaning of budget
  2. 3.2 Budgetary/expenditure items
  3. 3.3 Criteria for allocation of funds
  4. 3.4 Budget preparation
  5. 3.5 Preparation of audit budget versus actual analysis report

4. Conduct audit

  1. 4.1 Audit procedures
  2. 4.2 Substantive procedures
  3. 4.3 Final analytics
  4. 4.4 Close out procedures/ conclusion
  5. 4.5 Audit review meetings
  6. 4.6 Entrance meetings
  7. 4.7 Show-me meetings
  8. 4.8 Progress meetings
  9. 4.9 Exit meetings
  10. 4.10 Audit report writing
  11. 4.11 Financial statements
  12. 4.12 Audit opinion
  13. 4.13 Management letter/ internal control report

5. Follow-up on audit recommendations

  1. 5.1 Audit recommendation implementation schedule
  2. 5.2 Monitoring of implementation recommendation
  3. 5.3 Impact of implementations

6. Conduct project review

  1. 6.1 Types of project review
  2. 6.2 Project review objectives
  3. 6.3 Project review parameters
  4. 6.4 Project review team
  5. 6.5 Project review stakeholders identification
  6. 6.6 Project review plan
  7. 6.7 Project review tools and methodology
  8. 6.8 Conducting of project review
  9. 6.9 Documentation and dissemination pf results

Revise this unit

3 more for this unit

Beyond the syllabus

Other units in Module V