Risk-Based Auditing

Program Objectives:

By the end of the program, participants will be able to:

• Understand the nature and causes of risks
• Describe the risk management process
• Recognize asset-liability management models
• Comprehend risk analysis and its effect on internal auditing
• Implement an information system risk-based audit approach
• Plan audits based on risk and materiality
• Implement a structured approach to audit risk evaluation
• Demonstrate the value of risk-based audits

Who should attend:

• All accounting and auditing professionals who seek an overview of risk based auditing, will benefit from this program. This includes risk managers, accountants, auditors and consultants who are required to understand risk reporting in the course of their duties. In addition, financial managers will also find this program beneficial.

Program Outline:

• Risk Overview
• Stages in Risk-Based Internal Audit
• Risk Audit Planning
• The Audit Process
• Implementing the Risk-Based Approach