Fundamentals of Risk Based Internal Auditing

Quality & Productivity

Course Info

Date: Jan-03-2022

Duration: 1 Week

City: London

Fees: 3,800

Type: In Classroom

Available Dates

  • Oct-04-2021

    London

  • Nov-08-2021

    London

  • Dec-06-2021

    London

  • Jan-03-2022

    London

  • Feb-07-2022

    London

  • Mar-07-2022

    London

  • Apr-04-2022

    London

Dates in Other Venues

  • Sep-27-2021

    Madrid

  • Oct-04-2021

    Kuala Lumpur

  • Oct-10-2021

    Dubai

  • Oct-11-2021

    Istanbul

  • Oct-18-2021

    Paris

  • Oct-18-2021

    Geneva

  • Oct-25-2021

    Madrid

  • Nov-08-2021

    Kuala Lumpur

  • Nov-14-2021

    Dubai

  • Nov-15-2021

    Istanbul

  • Nov-22-2021

    Paris

  • Nov-22-2021

    Geneva

  • Nov-29-2021

    Madrid

  • Dec-06-2021

    Kuala Lumpur

  • Dec-12-2021

    Dubai

  • Dec-13-2021

    Istanbul

  • Dec-20-2021

    Paris

  • Dec-20-2021

    Geneva

  • Dec-27-2021

    Madrid

  • Jan-03-2022

    Kuala Lumpur

  • Jan-09-2022

    Dubai

  • Jan-10-2022

    Istanbul

  • Jan-17-2022

    Paris

  • Jan-17-2022

    Geneva

  • Jan-24-2022

    Madrid

  • Feb-07-2022

    Kuala Lumpur

  • Feb-13-2022

    Dubai

  • Feb-14-2022

    Istanbul

  • Feb-21-2022

    Paris

  • Feb-21-2022

    Geneva

  • Feb-28-2022

    Madrid

  • Mar-07-2022

    Kuala Lumpur

  • Mar-13-2022

    Dubai

  • Mar-14-2022

    Istanbul

  • Mar-21-2022

    Paris

  • Mar-21-2022

    Geneva

  • Mar-28-2022

    Madrid

  • Apr-04-2022

    Kuala Lumpur

  • Apr-10-2022

    Dubai

  • Apr-11-2022

    Istanbul

  • Apr-18-2022

    Paris

  • Apr-18-2022

    Geneva

  • Apr-25-2022

    Madrid

Course Details

Course Outline

5 days course

 

Risk-based Internal Auditing: An Overview

 

  • The definition of internal auditing
  • The International Standards for the Professional Practice of Internal Auditing (Standards)
  • The value of risk-based internal auditing

 

Risk and Risk Management: Principles and Concepts

 

  •  Risk overview and the definition of risk
  •  Risk management definitions
  •  Risk and risk management misconceptions
  •  Objectives as they relate to risk
  •  Uncertainty as it relates to risk
  •  External risk versus internal risk
  •  Risk categories
  •  Other risk considerations

 

Risk Frameworks: An Overview

 

  • The purpose of risk management frameworks
  • Major risk and control frameworks
    • COSO Internal Control Framework
    • COSO ERM Framework
    •  ISO 31000

 

Risk Assessment Criteria

 

  • The importance of risk assessment criteria in risk-based auditing
  • Risk appetite definition and concepts
  • Integrating risk appetite with risk assessments
  • Risk tolerance definition and concepts
  • Risk likelihood and impact
  • Other risk criteria

 

The Risk-based Audit Engagement: Planning and Risk Assessment

 

  • Risk-based audit engagement purpose
  • Risk-based audit engagement approach
  • Risk maturity
  • Risk identification
  • Risk assessment

 

Risk-based Audit Engagement: Control Evaluation
 
  • Managing risks
  • Definition of control
  • Types of controls
  • Evaluating controls
  • Tools for evaluating controls

 

Risk-based Audit Engagement: Communicating Results

 

  • Purpose of communicating
  • Why audit reports fail to communicate
  • Communicating an audit observation

 

Risk-based Audit Engagement: Implementation Challenges

 

  • Roadblocks to success
  • Personal implementation challenges
  • Possible solutions