Performance Auditing of Utilities - Leveraging Uniform System of Accounts for Enhanced Efficiency

Course Description

This course focuses on improving performance audit in utility companies by using the Uniform System of Accounts (USoA) to ensure better financial reporting, accountability, and operational efficiency. Participants will learn how to apply the USoA framework to assess utility performance, identify inefficiencies, and ensure compliance with regulatory standards. The course covers auditing techniques, financial analysis, and best practices to enhance transparency and drive improvements in utility operations, all while aligning with industry standards.

Course Objectives:

By the end of this course, participants will:

• Understand the role of performance auditing in enhancing utility efficiency.

• Learn how to apply the Uniform System of Accounts in utility performance audits.

• Gain skills in financial reporting, auditing, and compliance specific to the utility sector.

• Explore methodologies for identifying and addressing inefficiencies through audits.

• Develop strategies for improving utility operations using audit findings.

Target Participants:

This course is ideal for:

• Auditors and Internal Control Officers working in or with utility companies.

• Utility Managers seeking to improve operational efficiency through performance audits.

• Regulatory Professionals overseeing utility financial reporting and compliance.

• Finance and Accounting Professionals responsible for utility financial management.

• Consultants advising utility companies on performance auditing and regulatory compliance.

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Mode of Delivery:

• Live and Virtual Sessions: Expert-led discussions on performance auditing and USoA application.

• Workshops: Practical exercises in auditing utilities using the Uniform System of Accounts.

• Case Studies: Real-world examples of performance audits improving utility efficiency.

• Assignments: Application of auditing techniques in utility-specific scenarios.

• Site Visit: Experience a guided visit to a leading policy, regulatory, or utility operator, offering practical exposure to the concepts and strategies discussed during the course.

Expected Outcomes:

Participants will:

• Master performance auditing techniques using the USoA framework.

• Enhance financial reporting and compliance in utilities.

• Identify operational inefficiencies and develop actionable improvements.

Improve utility transparency and accountability through audits.