Advanced Risk-based Auditing 27SEP23LV
IIA Standard 2010: Planning requires that the CAE “establish a risk-based plan to determine the priorities of the internal audit activity, consistent with the organization’s goals.” A risk-based audit plan ensures that the internal audit activity is focused on the organization’s top risks. Development of a risk-based audit plan requires expertise in risk assessment, risk management, governance, and control processes, as well as skills in applying that expertise. Are you up to the challenge? This course prepares participants to develop an audit universe and risk-based internal audit plan. This course also addresses emerging and advanced risk management topics such governance risk, strategic risk, fraud risk, information technology risk, and auditing the risk management process. Interactive activities and real-life scenarios provide participants with concepts and tools to develop a value-added, risk-based audit plan for their organization.
Who will benefit from this course? This course is designed for senior internal audit practitioners and audit managers who want to build on their knowledge and increase their value by developing effective risk-based audit plans that will deliver assurance and advisory services to help the organization improve the effectiveness of the organization’s risk management, control, and governance processes. Course Objectives • Summarize risk management principles and concepts. • Identify corporate governance principles. • Explain the relationship between governance principles and COSO frameworks. • Explain the relationship between governance, risk and control. • Identify strategy risk audits. • Identify strategy process audits. • Identify types of fraud. • Examine an anti-fraud program and the role of risk assessment. • Identify IT risk assessment frameworks. • Discuss cybersecurity, information security, and information technology (IT) governance risks. • Assess enterprise risk management process risks. • Apply enterprise risk management maturity and comprehensive assessment approaches. • Develop an auditable universe risk assessment. • Apply risk identification, measurement, and prioritization techniques.