Risk Assessment in Emerging Technologies: A Guide for Auditors

Course Objectives:

• To provide auditors with a clear understanding of the risks associated with emerging technologies.
• To develop the skills necessary to evaluate these risks and assess their impact on organizations.
• To enable auditors to use frameworks and tools for conducting risk assessments in the context of emerging technologies.
• To examine real-world case studies and challenges in auditing emerging technology risks.

Introduction to Emerging Technologies and Risk Assessment

• Overview of emerging technologies (AI, blockchain, IoT, quantum computing, etc.)
• Understanding the need for risk assessment in emerging technologies
• Key concepts in risk assessment: likelihood, impact, and mitigation strategies
• The role of auditors in identifying and managing risks associated with new technologies

Identifying and Categorizing Risks in Emerging Technologies

• Types of risks in emerging technologies (security, privacy, regulatory, operational, financial)
• Tools and methods for identifying risks (SWOT analysis, risk mapping, etc.)
• Categorizing risks based on impact and likelihood
• Assessing risks in technological innovations and understanding their implications on business

Risk Assessment Methodologies and Frameworks

• Introduction to risk assessment methodologies (ISO 31000, NIST, COSO)
• Frameworks for auditing technology risks (e.g., NIST Cybersecurity Framework, ITIL)
• Applying frameworks to assess the specific risks of emerging technologies
• Tools and techniques for quantifying and qualifying risks in audits

Case Studies, Challenges, and Best Practices in Risk Assessment

• Real-world case studies of risk assessment in emerging technologies
• Common challenges in auditing new technology risks (complexity, uncertainty, evolving regulations)
• Best practices for conducting risk assessments in the context of emerging technologies
• Actionable steps for auditors to stay current with evolving technology and risk landscapes

DATE:
1ST BATCH: 18th – 21st Feb, 2025
2ND BATCH: 5th – 8th Aug, 2025