An intensive professional development training course on
Risk-Based Auditing
Focusing the Audit Attention on
the Things that Really Matter
Why Choose Risk-Based Auditing Training Course?
Most Internal Audit functions would say that their functions have adopted a risk-based approach, but very few have fully embedded this process and added measurable value.
By attending this Risk-Based Auditing training course, you will learn how to take your Audit approach to the next level by developing a strategic audit plan to clearly identify what to audit (and how often) and also deliver fully integrated risk-based audit assignments. In this way the level of assurance you provide can be significantly enhanced
This Risk-Based Auditing training course will feature:
- A world-renowned strategic audit planning tool to enable audit priorities to be set with confidence, and is simple to explain to senior management
- How to identify over-managed risks during the audit process
- Techniques to develop an integrated process whereby audit programmes can be linked directly with the risk registers
- How to ensure that your audit plan is fully coordinated with the other assurance providers in your business
- A step by step guide to completing a risk-based audit
- How to challenge management’s evaluation of the risks
What are the Goals?
By the end of this training course, participants will be able to:
- Deliver financially measurable value from the risk-based audit process
- Audit major areas of risk in your business with confidence
- Challenge the risk process (by ensuring that inherent, residual and target risk is identified for each event)
- Evaluate business risk appetite and ensure this is effectively managed
- Plan risk-based assignments efficiently and effectively
Who is this Training Course for?
Anyone that needs to fully understand the risk-based audit approach – or to take their existing approach to the next level
This Risk-Based Auditing training course is suitable to a wide range of professionals but will greatly benefit:
- Heads of Audit
- Audit managers
- Senior auditors and team leaders
- Auditors responsible for developing or implementing a risk-based approach
- Other assurance professionals such as those in Compliance and QA functions who are wanting to develop their Risk based approach
- Managers and Directors of business functions – to aid their knowledge of a risk-based audit approach
How will this Training Course be Presented?
This dynamic AZTech training course will utilise a variety of proven learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes various exercises and case studies to provide practical application of the tools and techniques. A series of valuable tools and templates will be provided in electronic format – to take away and use immediately.
The Course Content
- The modern risk-based audit (RBA) approach
- How risk-based audit has changed the face of auditing
- The importance of dealing with the audit risks not just the business risks
- RBA and ERM (Enterprise risk management)
- The ISO 31000 international risk standard
- Auditing strategic risks
- Risk Workshops
- Other methods of risk identification (including root cause analysis and Monte Carlo analysis)
- Assessment of Risk Mitigation
- Determining the preventative, detective and corrective controls
- Auditing the ERM process
- Assessing the Key risk indicators
- The Internal audit strategy
- The audit Universe
- Preparing a strategic audit plan
- RBA KPI’s
- Developing the annual plans
- The use of audit technology (CAAT’s)
- Planning a risk-based audit (Initial brainstorming)
- The risk-based audit step by step
- The RBA programme – worked example
- The RBA deliverables
- Monitoring of action plans
- Determining an audit risk and control assessment
- Auditing brand and reputation
- Risk based audit of projects
- Reviewing joint ventures
- Environmental auditing
- Auditing the marketing function
- Auditing performance management
Certificate and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the training course
Do you want to learn more about this course?
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Available Sessions
Frequently Asked Questions
Once your registration is successfully completed, you will receive a confirmation email within 24 hours. This email will contain your registration details, invoice, and the necessary joining instructions for the course.
Yes, we offer tailored corporate training solutions to meet your organization's specific needs. Please contact us at info@aztechtraining.com or call +971 4 427 5400 for more information.
There are several convenient ways to register for our training programs:
- Online: Explore our training calendar, choose the course that suits your needs, and click the “Register Now” button on the course details page.
- Email: Share your details, including your name, organization, email address, and selected course, by sending an email to info@aztechtraining.com
- Phone: Reach out to us directly at +971 4 427 5400 or +971 4 427 5407, and our team will guide you through the registration process.
The training fees include full access to the training venue, along with comprehensive training materials to enhance your learning experience. Additionally, participants will be provided with writing supplies and stationery. To ensure comfort and convenience, the fee also covers lunch and refreshing coffee breaks throughout the duration of the course.
Our training programs are hosted at luxurious five-star hotels in prestigious destinations across the globe. Some of our popular locations include Dubai, London, Kuala Lumpur, Amsterdam, New York, Paris, Vienna, and many other iconic cities.
