Advanced Risk Based Internal Auditing.
Most Heads of Internal Audit (IA) would say that their functions have adopted a risk-based approach, however, has this process been fully embedded?
The need to manage risks is increasingly recognized as essential to effective corporate governance and to maintain an effective system of internal control.
Internal audit plays a crucial role in assuring that risks to the organization are properly managed. Risk-based auditing links internal audit to an organization’s overall risk management framework.
This course provides participants with the knowledge to develop an audit universe and risk-based internal audit plan. This course also addresses emerging and advanced risk management topics such as governance risk, strategic risk, fraud risk, information technology risk, and auditing the risk management process.
During this course, you will participate in interactive activities and real-life scenarios. Be prepared to walk away with concepts and tools to develop a value-added, risk-based audit plan for your organization.
Not sure if you need this course? Then answer the below questions.
Have you for example:
Linked your audit programmes and testing directly with the risk registers?
Made suggestions for reducing controls for over-managed risks?
Challenged management’s evaluation of the residual risks? If so, do you have a consistent basis for this challenge?
Encouraged management to determine a target for each risk?
Completed risk-based audits of major projects?
Carried out risk-based audits of complex business activities such as marketing, environmental management and performance management?
Audited your organization’s website, or social media activities?
Determined a strategic audit plan which is flexible, but simple to explain to senior management?
Had an audit plan which was fully coordinated with the other assurance providers in your business?
This course is designed to cover all these questions and other significant challenges of the modern risk-based audit role and will help you plan your risk based assignments efficiently and effectively.
This is the official IIA Course.
You might be interested in other Auditing programs as a next step.
YOU WILL LEARN HOW TO
Fully embed the Risk-Based Audit approach
Advise management on the reality of controls and risk management effectiveness
Challenge management’s evaluation of risks and sell the benefits of proactive risk management
Audit major and complex areas of risk for your business with confidence
Add measurable value to your organization by the application of risk-based audit services
Plan Risk-Based assignment efficiently and effectively
IMPORTANT COURSE INFORMATION
Participants who fully attend this course and complete the test on the last day will receive a Strategic Axis Professional Certificate (SAPC). SAPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.
This course is endorsed by IIA – The Institute of Internal Auditors.
COURSE OUTLINE