Best Practices for Auditing Risk Management & Conducting Effective Risk-Based Internal Audit

Introduction

This leading-edge and interactive 1-day workshop is designed to help you better understand the use of risk assessment, risk management methods and technique to set priorities in both design and execution of audit activities. This workshop provide a practical “How to” comprehensive roadmap on risk-based internal audit techniques and learn how to conduct RBIA to your maximum advantage.  The development and use of Risk-Based Internal Audit (RBIA) has proven to be an essential tool that can assist you both in enhancing your productivity and achieve quality audit results.  You will also learn how you can employ risk-based methodologies in planning and conducting audits to provide assurance on the adequacy of integrated risk management practices, management control frameworks and information used for decision-making and reporting on the achievement of overall business objectives.

Do not miss this opportunity to learn how to implement Risk-Based Internal Auditing in an effective and efficient manner, through hands-on exercises, interactive lectures and competency-assessments.

Learning Objectives: How you will benefit

• Understand how your internal audits can support the risk mitigation strategies of your organisation
• Address the full range of audit issues and give assurance that the processes used by management and business units to identify that all significant risks are effective
• Build support for the audit programme within your organisation
• Undertake risk based audits using the RBIA methodology
• Develop and deliver risk based audit reports with real impact and capture attention
• Challenge management and sell the benefits of proactive risk management
• Add value to your organisation by the application of risk-based audit services
• Master all the modern auditing techniques
• Audit major areas of risk for your organisation with confidence
• Evaluate risk management processes, to ensure the response to any risk is appropriate and conforms to the organisation’s policies.
• Apply the knowledge gained throughout the course to prepare for a realistic audit, using risk based principles
• Provide meaningful assurance statements to your Audit Committee and Board