Course Details
Course Outline
5 days course
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
Strategic Risk
- Strategy overview
- Definition of strategic risk
- Internal audit’s consideration of strategic risk
- Strategy related audit
- Strategy risk audits
- Strategy process audits
Fraud Risk Assessment
- Definition and principles
- Standards and guidelines
- Anti-fraud program
- Role of internal audit
- Internal audit approach
- Types of fraud
- The fraud triangle
Information Technology Risk
- The IT risk landscape
- IT risk assessment frameworks
- Internal audit considerations
- Internal audit focus o Cybersecurity o Information security o Governance
Auditing the ERM Process
- Enterprise risk management audits: Internal audit considerations
- Assessing enterprise risk management
- Maturity assessment approach
- Comprehensive assessment approach
Developing the Risk-based Audit Plan
- Auditable universe: General attributes
- Audit universe risk assessment: Examples
- Assessment criteria: Sophistication factors
- Risk identification Risk measurement
- Risk prioritization
