Risk Based Auditing

About this Course

This course provides the fundamental knowledge needed to become effective in performing risk-based internal audits. Foundational concepts such as the nature of risk, risk sources and categories, risk appetite and tolerances, and risk frameworks are provided to help you understand the application to the audit engagement.

What You Will Learn?

  • Learners will be able to implement risk management principles and differentiate between the various risk management frameworks
  • Learners will be able to identify the highest risks to their organization meeting its objectives
  • Learners will gain an mastery of the Risk-Based Internal Audit Framework and how to apply it at your organization
  • Learners will be able to develop a truly risk-based internal audit plan, not just risk rank an audit universe based on something other than organizational objectives
  • Learners will be able to apply a risk-based approach at the audit engagement level

Course Outline

  • Introduction
  • Role of internal audit in risk identification
  • Organizing objectives, risks and controls
  • Stages of Risk Based Audit
  • Risk maturity
  • Periodic audit planning
  • Risk Based Audit development

Target Audience

  • Internal auditors
  • Internal audit seniors
  • Internal audit managers
  • Internal audit directors
  • Chief Audit Executives
  • Risk management professionals
  • Risk managers

Duration and Fees

Duration: 2 Days
Pricing: $200

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