Strategic Risk Assessment course is designed to increase knowledge on risk-based audit planning. This is an approach to audit work that focuses on strategic, regulatory, financial, and business risks that confront an organization, and which uses these risks to steer the audit process in a way that maximizes the impact of audit’s assurance and consulting work.
OrientMCT provides this course based on the International Professional Practices Framework (IPPF). You will be given a detailed understanding of developing risk-based audit plan and leading practices for risk assessment process and its relationship to the company’s activities. Industry-based scenarios will be given to evaluate the different risk factors influencing the company’s audit plan and to know which auditable areas are needed to be prioritized. Peer review for risks and audit plan will also be included.