Description
Duration: 5 days
Course Description
Most Internal Audit functions would say that their functions have adopted a risk-based approach, but very few have fully embedded this process and added measurable value. It is important to learn how to take your Audit approach to the next level by way of developing a strategic audit plan that will clearly identify what to audit (and how often) and also deliver fully integrated risk-based audit assignments. In this way, the level of assurance you provide can be significantly enhanced
Who should attend
Anyone that needs to fully understand the risk-based audit approach – or to take their existing approach to the next level
What you will learn
- A world-renowned strategic audit planning tool to enable audit priorities to be set with confidence, and is simple to explain to senior management
- How to identify over-managed risks during the audit process
- Techniques to develop an integrated process whereby audit programmes can be linked directly with the risk registers
- How to ensure that your audit plan is fully coordinated with the other assurance providers in your business
- A step-by-step guide to completing a risk-based audit
- How to challenge management’s evaluation of the risks
Course objectives
Being able to:
- Deliver financially measurable value from the risk-based audit process • Audit major areas of risk in your business with confidence
- Challenge the risk process (by ensuring that inherent, residual and target risk is identified for each event)
- Evaluate business risk appetite and ensure this is effectively managed
- Plan risk-based assignments efficiently and effectively
