Focus & Features
This course provides the fundamental knowledge needed to become effective in performing risk-based internal audits. Foundational concepts such as the nature of risk, risk sources and categories, risk appetite and tolerances, and risk frameworks are provided to help you understand the application to the audit engagement planning.
During this course, you will participate in interactive activities and real-life scenarios. Be prepared to walk away with best practices an understanding of the risk assessment process and the impact on an audit engagement. The course will offer and key takeaways you can apply to your organization and its internal audit function department. In addition, you will learn the value this approach brings to your organization.
What You Will Learn
Risk-based Internal Auditing: An Overview
Risk and Risk Management: Principles and Concepts
Risk Frameworks: An Overview
o COSO Internal Control Framework
o COSO ERM Framework
o ISO 31000
Risk Assessment Criteria
The Risk-based Audit Engagement: Planning and Risk Assessment
Risk-based Audit Engagement: Control Evaluation
Risk-based Audit Engagement: Communicating Results
Risk-based Audit Engagement: Implementation Challenges
Who Should Attend
This course is designed for internal auditor practitioners who want to learn the principles and concepts of risk and risk management, as well the tools and techniques used to perform a risk-based audit. This course would be beneficial for individual currently performing internal control testing that are transitioning to a risk-based audit approach.
Number of CPE Units : 7
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CANCELLATION & SUBSTITUTION POLICY
Cancellations received less than 24 hours prior to the event or after receiving the final confirmation email and zoom link will be charged a cancellation fee, which is 50% of the registration fee.
Substitutions are allowed within the same event without incurring a cancellation fee.
(Rate should be the same, if not, difference should be paid)
No-show registrants will be charged 50% of the registration fee.
Virtual set-up/via ZoomSee route