Financial management & auditing of regulated utilities

Course Description:

This course is designed to equip financial professionals, auditors, and utility managers with the knowledge and skills required for effective financial management and auditing in regulated utilities. The complex financial environments of utility companies, which operate under stringent regulatory frameworks, demand rigorous financial oversight and transparent accounting practices to ensure compliance, financial stability, and operational efficiency.

Participants will learn about the unique financial challenges in regulated utilities, including tariff setting, cost recovery mechanisms, capital investments, and regulatory accounting standards. The course covers key topics such as budgeting, financial reporting, asset management, and auditing procedures tailored to the utility sector. Additionally, participants will explore how external audits and financial reviews help in maintaining regulatory compliance and public trust. Case studies will highlight best practices in financial management, while interactive workshops will provide practical tools for applying financial controls and conducting audits in utility operations.

Course Objectives:

By the end of this course, participants will:

• Learn how to design and implement effective budgeting, cost control, and financial reporting systems.

• Explore best practices in auditing procedures specific to utility companies.

• Gain insights into tariff setting, capital investment planning, and financial compliance with regulatory bodies.

• Develop skills to enhance financial transparency, accountability, and operational efficiency in utility management.

Target Participants:

• Financial Managers and Accountants working in regulated utilities.

• Auditors responsible for reviewing utility finances and ensuring regulatory compliance.

• Regulatory Professionals overseeing financial practices within utility sectors.

Mode of Delivery:

• Live Virtual Sessions: Expert-led discussions on financial management in utilities.

• Workshops: Practical exercises on auditing and financial reporting in utility companies.

• Case Studies: Analysis of financial management and auditing in regulated utilities.

Expected Outcomes:

Participants will:

• Gain a deep understanding of financial management and auditing in regulated utilities.

• Implement effective financial controls and reporting systems.

• Ensure compliance with regulatory financial standards and improve financial performance.