Advanced Risk-Based Internal Auditing Techniques

OBJECTIVE
Internal auditing is a profession that is always evolving, always changing, especially in the area of risk-based auditing approaches. This is why successful audit leaders know that it’s imperative that they continue to improve their skills in guiding their organizations risk-based auditing, while improving their current internal audit processes.

CONTENT
Role of Internal Audit
 Value of Internal Audit
 Definition of Internal Audit

Corporate Governance
 Framework for Corporate Governance
 Elements of a Good Ethics Program
 Assuring Corporate Governance

Risk Management
 Risk Management Assumptions
 Benefits of Risk Management
 Categories of Risk

Control and Risk Frameworks
 Standards
 Control Frameworks
 Factors and Points of Focus
 Limitations of Internal Control
 Roles and Responsibilities

Entity-wide Risk Assessment
 Standards
 Entity-wide Risk Assessment
 Business Process Definition
 Audit Planning

Risk-based Audit Engagement
 Performing the Engagement
 Business Process Objective
 Risks to the Business Processes
 Identifying Risk Events
 Managing Risk /Identifying Controls

FOR WHOM:
Chief Audit Executives, Audit Directors, Audit Managers, Audit Team Leaders, and Internal Auditors who want to initiate risk-based auditing in their organizations or improve their current internal audit processes, Internal Auditors and Consultants who want to improve their skills in risk-based auditing approaches.
METHODOLOGY
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the com+B5petence B6and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH: 14th – 17th Apr,2025
2ND BATCH: 28th – 31st Oct,2025