Advanced Risk - based Auditing
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Course Details
- Introduction
- Objective
- Who should attend
- Course Location
The need to manage risks is increasingly recognized as essential to effective corporate governance and to maintain an effective system of internal control. Internal audit plays a key role in providing assurance that risks to the organization are properly managed. Risk-based auditing links internal audit to an organization’s overall risk management framework.
This course provides participants with the knowledge to develop an audit universe and risk-based internal audit plan. This course also addresses emerging and advanced risk management topics such as governance risk, strategic risk, fraud risk, information technology risk, and auditing the risk management process.
This course is designed for senior internal audit practitioners and audit managers who want to build on their knowledge and increase their value to the organization by developing effective risk-based audit plans that address emerging risks.
Course Outline
Risk Management Principles and Concepts
- Risk definitions
- Risk management definitions
- Major control and risk frameworks
- Risk management assessment criteria
Corporate Governance Risk
- Overview, definition, and standards
- Relationship between governance, risk and control
- Governance breakdowns
- Corporate governance principles
- Governance principles and COSO frameworks
- Audit activities and approach
