Course Overview
Risk based internal auditing is about identifying the key objectives of an organization and selecting the tops risks threating the attainment of those objectives. This course enables participants to effectively identify the top objectives and risks in their organizations to provide input on developing a risk based internal audit plan. We discuss risk management basics on how to identify, assess, evaluate, mitigate and monitor risks; to aid in understanding risk management principles necessary to perform risk based audits. Differences between traditional internal auditing and how to audit using a risk-based approach are discussed. Through lectures and practical group interaction, discussions, and exercises, participants will develop the skills necessary to effectively plan and perform risk based internal auditing at their organization.
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.