RBIA Risk Based Internal Auditor in UAE

Learners will gain the expertise to align internal audit plans with organizational objectives by identifying, assessing, and mitigating high-priority risks through a modern, risk-based approach. This course provides the practical skills needed to move beyond traditional auditing and effectively evaluate the strategic threats facing an organization.

Duration

3 Days

Language

English

Delivery Mode

Online/Hybrid/Face-to-Face

Course Overview

Learning Objectives

  • Learners will be able to implement risk management principles and differentiate between the various risk management frameworks.
  • Learners will be able to identify the highest risks to their organization meeting its objectives.
  • Learners will Gain a mastery of the Risk-Based Internal Audit Framework and how to apply it at their organization.
  • Learners will be able to develop a truly risk based internal audit plan, not just risk rank an audit universe based on something other organizational objectives.
  • Learners will be able to develop a truly risk based internal audit plan, not just risk rank an audit universe based on something other organizational objectives.

Course Outline

Day 01
The “Big Picture” of business
  • Understanding performance, risk and compliance in relation to internal audits.
  • Definition of internal auditing.
  • Types of internal audits.
  • Internal audit professional standards.
  • The evolving role of internal audit.
  • The future of internal audit.
  • Audit universe approaches.
  • The use of frameworks.
  • The Risk-Based Internal Audit Framework.
Understanding external and internal context
  • Understanding and assessing culture.
  • Understanding stakeholders.
  • Understanding objectives and strategies.
  • The nature of risk.
  • Identifying opportunities, threats and requirements.
  • Identification methods.
  • Inherent and residual risk.
  • Risk analysis criteria and decision-making guidelines.
  • Risk appetite.
  • Risk tolerance.
  • Risk capacity.
  • Assessing reward, risk and compliancy.
  • How to measure risk.
  • Responding to risks: (Terminate, Tolerate, Treat, or Transfer).
  • Internal controls.

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