2 participants: 5% Group Discount
3 to 5 participants: 10% Group Discount
6 or more participants: 15% Group Discount
Group discount applies for payment one week prior to the training date
(Available also for customised Training by Duration, Venue & Fee)
This course is designed for internal auditors and risk management professionals who want to enhance their understanding of risk-based auditing practices. Participants will learn how to align audit activities with organizational risks, ensuring that internal audits provide maximum value. The curriculum emphasizes a systematic approach to identifying, assessing, and mitigating risks through effective audit strategies.
Course Outline
Module 1: Introduction to Risk-Based Auditing
Understanding the principles of risk-based auditing.
The role of risk management in the audit process.
Key standards and frameworks (e.g., ISO 31000, COSO).
Benefits of adopting a risk-based approach in internal audits.
Module 2: Risk Assessment and Planning
Techniques for conducting risk assessments.
Identifying and prioritizing risks relevant to the organization.
Developing audit plans based on risk profiles.
Setting audit objectives and scopes aligned with organizational goals.
Module 3: Conducting Risk-Based Audits
Methods for evaluating risk controls and mitigation strategies.
Gathering and analyzing evidence related to risk management.
Engaging with stakeholders to understand risk perceptions.
Best practices for documenting and reporting audit findings.
Module 4: Monitoring and Continuous Improvement
Techniques for monitoring risk management effectiveness post-audit.
Strategies for integrating audit findings into the risk management process.
Developing a culture of continuous improvement in risk management.
Leveraging technology for enhanced risk assessment and auditing.
Conclusion
Upon completing this course, participants will have a comprehensive understanding of risk-based internal auditing practices. Equipped with practical skills and insights, learners will be prepared to conduct audits that enhance risk management and support organizational objectives effectively.
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