Advance Risk – Based Internal Auditing

Overview

This program equips participants with the expertise to create an audit universe and establish a risk-based internal audit plan. Furthermore, it delves into emerging and advanced topics in risk management, encompassing areas such as governance risk, strategic risk, fraud risk, information technology risk, and the audit of the risk management process. Tailored for senior internal audit practitioners and audit managers, the course is crafted to enhance their knowledge and elevate their contribution to the organisation by formulating effective risk-based audit plans that tackle emerging risks.

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

By the end of this Advanced Risk-based Auditing course, you will be able to:

• 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 the 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.