Risk Based Internal Auditing

Course Description

Risk-based internal auditing (RBIA) is a methodology that enables internal audit to assess the adequacy of the assurance framework and the reliability of assurance sources. It requires an internal audit to be strategically and operationally linked to the business risk and assurance frameworks. New skills are required to implement RBIA effectively and this course will provide comprehensive training on applying the methodology.

What Do Participants Learn?

• Apply the key concepts of RBIA to your organization
• Link the organization’s risk management framework to each stage of RBIA
• Determine risk maturity and apply the relevant approach
• Understand how internal audit fits into your organization’s assurance framework and undertake an assurance mapping exercise
• Produce an RBIA plan
• Apply a risk-based methodology to internal audit assignments
• Provide meaningful assurance statements to your audit committee and board.

Who Should Attend?

• Heads of internal audit
• Internal audit managers
• Senior internal auditors
• Who is involved in planning and providing assurance on control and management of business risk?

What Will the Learning Experience Include?

Phase: 1

Introduce

• Comprehensive pre-program activities include:
• Web-based information forms & surveys completed by attendee.
• Direct consultation with the attendee about the expectations.

• During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
• Participants learn from expert trainers who have both academic and business experiences.
• Highly applicable training content & instructive activities for adding depth to training topics.
• **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.

Phase: 2

Explore & Practice

Phase: 3

Apply

• Apply & sustain the learning experience by using this ongoing support:
• To ensure participant has new skills or behavior progress.
• Optional, fee-based mentoring & coaching with the trainer.
• Training materials & additional documents (e-books, pdf files, presentations and articles)

• Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
• Participant's Evaluation
• Trainer's Evaluation

Phase: 4

EVALUATE