Risk-Based Internal Auditing (RBIA)
Align Internal Audits with Enterprise Risks for Maximum Assurance and Value
Course Schedule
| Date | Venue | Fees (Face-to-Face) |
|---|---|---|
| 23 – 25 Jun 2025 | Doha, Qatar | USD 2495 per delegate |
Course Introduction
Traditional internal audit approaches often focus on compliance and controls but may overlook critical strategic risks. Risk-Based Internal Auditing (RBIA) shifts the focus to what matters most—assessing and mitigating the risks that could impact organizational objectives.
This intensive 3-day training equips internal auditors and risk professionals with modern tools and methodologies to align audit priorities with enterprise risk management (ERM) frameworks. Participants will learn how to conduct risk assessments, build audit plans based on risk profiles, and deliver actionable insights that add real value to the organization.
Course Objectives
By the end of this course, participants will be able to:
- Understand the principles and process of risk-based internal auditing
- Identify and assess strategic, operational, financial, and compliance risks
- Align internal audit plans with organizational risk appetite and priorities
- Conduct audits that provide assurance on risk mitigation effectiveness
- Communicate findings that support decision-making and continuous improvement
Key Benefits of Attending
- Gain a modern audit perspective that supports business goals
- Enhance risk focus and strategic alignment of audit activities
- Develop practical audit planning, execution, and reporting skills
- Learn international best practices from real-world case studies
- Improve audit quality and organizational impact
Intended Audience
This program is designed for:
- Internal auditors and audit managers
- Risk management professionals
- Compliance officers
- Finance and governance executives
- Consultants in audit and assurance services
Individual Benefits
Key competencies that will be developed include:
- Proficiency in RBIA methodology and audit lifecycle
- Ability to link ERM and internal audit planning
- Skills to identify and audit emerging and residual risks
- Enhanced reporting techniques for risk-driven recommendations
Organization Benefits
Upon completing the training course, participants will demonstrate:
- A more strategic and risk-aligned audit function
- Better integration between audit, risk, and compliance units
- Improved assurance on key risks and controls
- Stronger stakeholder trust through value-added audit insights
Instructional Methdology
The course follows a blended learning approach combining theory with practice:
- Strategy Briefings – RBIA principles, frameworks, and linkages to ERM
- Case Studies – Applications of RBIA in diverse industries and sectors
- Workshops – Planning and executing a risk-based audit step-by-step
- Peer Exchange – Interactive sessions for knowledge sharing
- Tools – Templates for risk registers, audit plans, and reporting matrices
Course Outline
Detailed 3-Day Course Outline
Training Hours: 7:30 AM – 3:30 PM
Daily Format: 3–4 Learning Modules | Coffee breaks: 09:30 & 11:15 | Lunch Buffet: 01:00 – 02:00
Day 1: Foundations of Risk-Based Internal Auditing
- Module 1: Internal Auditing in a Risk Context (07:30 – 09:30)
- The evolution from traditional to risk-based auditing
- Internal audit’s role in governance and ERM
- Module 2: Risk Management Concepts (09:45 – 11:15)
- Definitions, types, and classifications of risk
- Risk appetite, tolerance, and residual risk
- Module 3: Integrating Risk and Audit Planning (11:30 – 01:00)
- Developing risk-based audit plans
- Prioritizing audits based on risk scores
- Module 4: Workshop – Building a Risk Universe (02:00 – 03:30)
Day 2: Conducting Risk-Based Audits
- Module 5: Risk Assessment Techniques (07:30 – 09:30)
- Identifying and assessing risks across business processes
- Tools: risk matrices, heat maps, control self-assessments
- Module 6: Audit Program Development (09:45 – 11:15)
- Scoping, objectives, and criteria in risk-based audits
- Aligning audit steps with risk indicators
- Module 7: Executing the Audit (11:30 – 01:00)
- Risk-focused testing and evidence gathering
- Evaluating controls and mitigation effectiveness
- Module 8: Workshop – Simulated Risk Audit (02:00 – 03:30)
Day 3: Reporting and Communicating Risk Insights
- Module 9: Effective Audit Reporting (07:30 – 09:30)
- Structuring audit reports to focus on risks and impacts
- Reporting formats for executives and audit committees
- Module 10: Monitoring and Continuous Audit (09:45 – 11:15)
- Using technology for continuous auditing and monitoring
- Indicators for emerging risks
- Module 11: Final Case Study and Presentations (11:30 – 01:00)
- Applying RBIA techniques in a cross-functional case scenario
- Module 12: Wrap-Up and Feedback (02:00 – 03:30)
Certification
Participants will receive a Certificate of Completion in Risk-Based Internal Auditing (RBIA), validating their ability to design and execute internal audit strategies that align with enterprise risks and add measurable value.