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Risk Based Internal Auditing Training

risk
₦250,000.00
Duration 3 days 100% positive reviews 0 student Assessments: Yes Language English Available on the app Unlimited access forever Skill level: All levels

As organizations face increasing risks from dynamic markets, regulatory requirements, and technological advancements, internal auditing must evolve to focus on risk management. This course equips participants with the knowledge and skills to implement risk-based internal auditing (RBIA), which ensures that audit efforts are aligned with the areas of greatest risk. By adopting RBIA, organizations can better manage risks, optimize resources, and enhance operational efficiency. Participants will learn through practical examples and gain insights into effective auditing practices that prioritize organizational risk.

The Risk-Based Internal Auditing Training is designed to help internal auditors shift from traditional compliance-focused audits to a risk-based approach. This training provides the foundation for identifying, assessing, and auditing key organizational risks, ensuring that audit resources are used effectively to mitigate those risks. By integrating risk management into the internal audit function, participants will be able to enhance their organization’s governance, risk management, and internal control systems.

Course Objectives

By the end of this course, participants will be able to:

  • Understand the principles and concepts of risk-based internal auditing.
  • Identify and assess risks within an organization and align audit activities accordingly.
  • Develop and implement risk-based audit plans.
  • Evaluate the effectiveness of risk management and internal control systems.
  • Communicate audit findings and recommendations to management and stakeholders.
  • Ensure the internal audit function adds value by focusing on key risk areas.

Personal Impact

  • Develop a risk-focused mindset that enhances auditing effectiveness.
  • Gain the ability to prioritize audit tasks based on organizational risk.
  • Improve decision-making skills by understanding risk assessments.
  • Strengthen your role as a key advisor in risk management and internal controls.
  • Expand your professional expertise in internal auditing and risk management.

Organizational Impact

  • Enhance the effectiveness of internal audits by focusing on critical risk areas.
  • Improve the organization’s overall risk management and governance framework.
  • Reduce the likelihood of financial losses and compliance failures.
  • Optimize resource allocation by focusing audits on the areas of greatest importance.
  • Strengthen organizational resilience to potential threats and opportunities.

Target Audience

This course is ideal for:

  • Internal Auditors, Audit Managers, and Chief Audit Executives.
  • Risk Managers and Compliance Officers.
  • Finance and Accounting Professionals involved in audit or risk management.
  • Senior Managers and Executives responsible for corporate governance.

Training Methodology

  • Workshops: Interactive sessions focusing on real-world risk-based auditing practices.
  • Case Studies: Examination of practical examples of risk-based audits.
  • Simulations: Hands-on exercises to apply risk assessment and auditing techniques.
  • Expert Lectures: Delivered by industry professionals with experience in risk management and auditing.

Enhance your internal audit function by mastering risk-based auditing.

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