Advanced Internal Risk Based Auditing

Introduction :

This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field.

Audit functions that can focus their efforts towards the signi­ficant risk in their organizations are able to concentrate their limited resources on the issues which drive business goals and aspirations. In consequence audit plans are directed at the issues, which really matter. This course provides all the latest developments.Furthermore, a participative approach whereby auditors and managers work together to identify, assess and control business risks signi­ficantly enhances the level of assurance and reduces the chances of nasty surprises – a huge benefit to most organizations.

Objectives :

Benefits of Attending:

1. Apply the concepts and fully implement the Risk Based Auditing
2. (RBA approach).
3. Advise management on the identi­fication, mitigation and control
4. of risks.
5. Audit major areas of risk for your business with con­fidence.
6. Plan risk based assignments efficiently and effectively.

Content:

Module 1:

1. The Risk Based Audit (RBA) approach.
2. The nature of risk
3. The developing risk agenda.

Module 2:

1. Business risk
2. Risk identi­fication and evaluation
3. Risk workshops.

Module 3:

1. The role of Internal Audit in risk facilitation
2. Assessment of risk mitigation
3. Risk and Internal Audit.

Module 4:

1. Embedding the process
2. The Internal Audit role
3. Strategic and tactical audit planning
4. The converging roles of the assurance providers

Module 5:

1. Planning a Risk Based Audit (RBA)
2. The RBA Approach
3. The RBA deliverables
4. Relationships with the board and audit committees.

Module 6:

1. The need to engage senior management
2. The converging roles of the assurance providers
3. How can a better understanding of the RBA role be gained?

Who Should Attend?

1. Heads of audit, audit managers and senior auditors
2. Auditors responsible for developing or implementing a risk based approach
3. Other assurance professionals such as those in compliance and QA functions who are wanting to develop their risk based approach
4. Managers and directors of business functions – to aid their knowledge of a risk based audit approach
5. This course will be highly benefi­cial for delegates that have previously attended the Certifi­cate In Internal Audit II – The
6. Developing Internal Auditor or Certi­ficate in Internal
7. Audit I – Essentials of Internal Audit