Advanced Risk Based Auditing

Category: Advanced Risk Based Auditing

Overview

Most Heads of Internal Audit (IA) would say that their functions have adopted a risk based approach, however, has this process been fully embedded? 

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 organisation’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

Who Should Attend

  1. Fully embed the Risk Based Audit approach
  2. Advise management on the reality of controls and risk management effectiveness
  3. Challenge management’s evaluation of risks and sell the benefits of proactive risk management
  4. Audit major and complex areas of risk for your business with confidence
  5. Add measurable value to your organisation by the application of risk based audit services
  6. Plan Risk Based assignment efficiently and effectively

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Benefits Of Attending

  1. Fully embed the Risk Based Audit approach
  2. Advise management on the reality of controls and risk management effectiveness
  3. Challenge management’s evaluation of risks and sell the benefits of proactive risk management
  4. Audit major and complex areas of risk for your business with confidence
  5. Add measurable value to your organization by the application of risk based audit services
  6. Plan Risk Based assignment efficiently and effectively