EXTERNAL AUDIT: MAKING AUDITS COST-EFFECTIVE FOR NPOS |
Provide confidence to stakeholders through proper audit execution
Understand the cost composition of an external audit and the measures that your charity can adopt to improve cost-effectiveness in the audit process.
About the Course
Charities may not regard an external audit as vital to their operations, or may view it as another compliance cost competing with limited resources. However, the benefits of a good external audit, which include greater stakeholder confidence in the charity’s governance, may outweigh the costs. Furthermore, a cost-effective external audit can help charities to avoid unnecessary audit costs, with funds saved channelled to more productive uses that directly support its beneficiaries.
Our Making Audits Cost-Effective for NPOs course will help charities understand the cost composition of an external audit and the measures that they can adopt to improve cost-effectiveness in the process.
What You will Learn
By the end of the programme, participants will be able to:
- Develop a good understanding of the annual audit requirements.
- Create an effective plan in working with the auditors.
- Provide timely assistance to complete the audit in the assigned timeline.
- Ensure proper financial statements to provide confidence to stakeholders.
- Continually improve on the quality of financial statements and the internal controls systems.
- Minimise common errors.
The course is taught across 16 hours, with lectures, videos, case studies, group discussions, checklists, *invited speaker(s). For 4 or more participants from the same organisation, 1-hour post-session coaching will be provided.
*Invited speaker(s) may be pre-recorded.
Why Attend
Strengthen compliance and monitoring mechanisms. Improve audit effectiveness to enhance transparency and accountability. Builds on financial strategies from Strategic Financial Planning by ensuring compliance. It prepares participants for advanced financial practices, such as Full Cost Recovery.
Course Highlights
- Understand annual audit requirements and create effective plans.
- Improve financial reporting to instill stakeholder confidence.
Who Should Attend
Board members, Finance Subcommittee, Audit & Risk Subcommittee, Senior management, HODs, and Finance and Operations staff.
Finance team is required to attend this training, to be up to date with the accounting standards and this is a necessary part of the charity compliance.
Why Join
- Comprehensive Learning Journey: Each course builds on the previous one, guiding you through strategy creation, compliance, sustainability, and impactful reporting.
- Skill-Intensive Training: Practical examples, tools, and frameworks tailored for charities.
- Expert-Led Programs: Facilitated by Dr. Isabel Sim, a seasoned trainer and thought leader in charity finance and governance.
- Networking Opportunities: Engage with peers and experts to share challenges and solutions.
- Tailored Solutions for Charities: Address governance, financial management, and compliance challenges specific to your organization
Seminar Fees & Funding
Funding is subject to eligibility.
Early Bird Pricing
Pricing Option Fee (Per Pax) After CCF Funding Early Bird Fee $1,700 $700 Group Discount (Early Bird Fee with 15%) $1,445 $445 Standard Pricing
Pricing Option Fee (Per Pax) After CCF Funding Standard Fee $1,800 $800 Group Discount (Standard Fee with 15%) $1,530 $530 Summary of Key Discounts:
- Early Bird Discount: Save $100/pax by registering early.
- Group Discount: 15% off for groups of 4 or more, applicable to both Standard and Early Bird Fees.
- CCF Funding: Eligible participants can reduce their fee by $1,000.
About The Facilitator
Dr Isabel Sim
Dr Isabel Sim is the principal consultant at Integrative CSR Consulting. She was formerly Senior Research Fellow, Department of Social Work, Faculty of Arts and Social Sciences, National University of Singapore as well as Director (Projects), Centre for Social Development (Asia). She served as Head of Corporate Governance Practice, Centre for Governance, Institutions and Organisations (CGIO) and Senior Lecturer, Department of Strategy and Policy, NUS Business School from 2012 to 2014.
She obtained her PhD in finance from The University of Western Australia in 2011. She is the editor of the series Accounting and Finance Handbooks for Charities including Budgeting and Cash Flow Management, Fund Accounting for Charities, Full Cost Recovery for Charities and Cost-Effective Audit for Charities. She is also the lead author for Accounting for Good – Helping Charities Do Good Better, a project in collaboration with NUS and ISCA. Besides extensive experience in applied research in the charity sector, Dr Sim has more than 15 years of experience in teaching working adults. She has taught accounting, corporate governance, finance, and economics subjects in MBA, EMBA, and other professional programmes.
RESERVE YOUR SEAT NOW!
Seats are limited to 20 pax per course for CCF funding.
⏰ Early Bird Offer: Save $100 per participant!
Group Discount: 15% off for groups of 4 or more!
The participant details can be conveyed to us at a later date.
Contact Us Today
Andrea: +65 8128 4591 | Bee Wan: +65 9455 5273
Email: andrea@integrative.com.sg
Let’s work together to build sustainable and well-governed charities that inspire trust and confidence.