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The Risk-Based Auditing Training Course provides professionals with a modern, strategic approach to internal auditing by placing organisational risk at the heart of every audit activity. In many organisations, risk-based auditing is referenced as a concept, yet it is often not fully integrated into the audit cycle in a way that drives real value. This course helps participants bridge that gap by building strong skills in identifying, evaluating, and prioritising risks to shape an audit plan that reflects the organisation’s true exposure.
The course introduces globally recognised frameworks and practical tools that help auditors assess risk appetite, evaluate risk responses, and integrate enterprise risk registers into audit design. Participants learn how to challenge management’s risk assessments effectively, ensuring that the audit function provides insight rather than merely assurance. Through structured approaches and scenario-based examples, the training demonstrates how risk-based auditing strengthens governance, improves decision-making, and enhances organisational resilience.
Throughout the Risk-Based Auditing Course, learners also explore the coordination required between internal audit and other assurance providers to avoid duplication and improve enterprise-wide efficiency. Whether participants are establishing a new risk-based audit model or improving an existing process, the training offers real-world solutions, tested methodologies, and strategic techniques to ensure that audit outcomes are consistently high-value and aligned with organisational priorities.
By completing this Risk-Based Auditing Training Course, participants will gain the ability to design and execute risk-based audits that strengthen governance and support organisational objectives. The course enhances strategic thinking by helping learners understand how to assess risk exposure, align audit work with key risks, and deliver meaningful results to senior leadership. Through a structured set of methods and tools, participants will also learn how to coordinate their work with risk, compliance, and quality teams to enhance audit coverage and eliminate overlap.
By the end of this Risk-Based Auditing Course, participants will be able to:
This Risk-Based Auditing Training Course is ideal for professionals seeking to strengthen their audit practice through a risk-focused methodology. It benefits individuals involved in internal audit, governance, and assurance functions who want to develop a deeper understanding of modern risk-based techniques. The course is equally valuable for leaders who rely on audit insight to support strategic risk management and performance improvement across their organisation.
This training course will greatly benefit:
This Auditing Training Course is highly practical, using a blend of proven adult learning techniques to reinforce comprehension and real-world application. Delivery methods include:
Participants will return to their roles with actionable insights, strategic tools, and enhanced confidence to lead or contribute to effective risk-based audits.
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Common questions about our training courses
The course specifically addresses why distinguishing between audit risks and business risks is critical to the modern risk-based audit approach. Delegates learn how traditional audit methodologies often focus too heavily on business risk without adequately addressing the risks inherent in the audit process itself. This distinction shapes how audit planning, scoping, and execution are approached throughout the course and is one of the foundational shifts delegates take back to their practice.
Risk-based audit planning is addressed in depth, covering the internal audit strategy, the audit universe, strategic and annual audit plan preparation, and the KPIs used to measure audit planning effectiveness. Delegates learn how to move from a broad audit universe to a prioritised, risk-informed annual plan and how audit technology including CAATs is used to support planning and execution. This gives delegates a complete framework for building and managing a risk-based audit plan within their own internal audit function.
The course covers root cause analysis and Monte Carlo analysis as additional risk identification methods alongside conventional risk workshop techniques. Delegates learn how each method contributes a different perspective on risk identification and how they can be used in combination to build a more complete picture of the risk landscape. This is particularly relevant for auditors working in complex or data-rich environments where quantitative risk assessment adds meaningful depth to the audit process.
The relationship between risk-based auditing and ERM is addressed across multiple dimensions of the course, covering how internal audit evaluates and audits the ERM process, how risk workshops and root cause analysis are used to identify and assess risks, and how key risk indicators are assessed within an ERM framework. The ISO 31000 international risk standard is also addressed, giving delegates a recognised reference framework for how risk management principles underpin the risk-based audit approach.
The course walks delegates through the risk-based audit process from initial brainstorming through to final deliverables, including a worked example of a complete RBA programme. Delegates learn how each stage of the process connects — from risk and control assessment through to action plan monitoring — and what the deliverables of a risk-based audit engagement look like in practice. This gives delegates a replicable methodology they can apply directly to their next audit engagement.
Preventative, detective, and corrective controls are addressed as distinct categories within the risk mitigation assessment content, covering how each type of control is identified, evaluated, and tested within a risk-based audit framework. Determining an audit risk and control assessment is also covered as a structured deliverable of the RBA process. Delegates leave with a clear methodology for assessing control adequacy and effectiveness that is directly applicable across a wide range of audit engagements.
