Format: Online, In-Person
The Advanced Risk-based Auditing Course is designed for chief audit executives (CAE), audit directors, audit managers, and senior internal audit practitioners focusing on enhancing their ability to develop strategic, risk-based audit plans that support organizational objectives. The course covers advanced risk topics such as governance, strategic, fraud, and IT risks, along with auditing the risk management process. Through interactive group discussions and personal reflection of current practices, participants are encouraged to integrate their professional experience with the new learning objectives provided by the course. By the end, participants will have gained the knowledge and tools to develop an audit universe and complimentary risk-based internal audit department audit plan, including crafting internal audit plans that prioritize critical risk areas, aligning with and supporting the organization's success via risk management.
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Early bird discount offer available to members up to 6 weeks prior to course start date. Pricing will be reflected upon checkout.
Special Group Rate for 10+ Available
A special group rate is available for purchases of ten or more. To make a Group purchase or for more information on Group discounts, please get in touch with Group Services.
Email: gettraining@theiia.org | Call:+1-407-937-1397
Pricing is per person and is in U.S. dollars.
Discounted rates applied during checkout.
Course Objectives
- Apply knowledge of IIA Global Internal Audit Standards and Topical Requirements to risk management concepts and risk assessment activities.
- Apply risk management principles and common risk frameworks (COSO, ISO 31000) necessary for risk assessment.
- Understand the importance of risk governance, enterprise risk management (ERM), Three Lines Model and internal audit’s role in assessing strategic risk management and governance.
- Learn strategies for assessing emerging risks, high-risk areas, complex business processes such as third-party risk management, AI, and business continuity.
- Learn strategies for assessing common risk areas, including data governance and data management risks, fraud risk, IT governance, and cybersecurity.
- Assess the coordination, reliance and reliability of internal and external assurance providers through assurance maps and other techniques.
- Apply risk assessment methodologies to create an audit universe, identify and prioritize risk, then assess and analyze risks.
- Understand agile traditional risk-based auditing methodologies to assess and report on risk management.
Course Overview
The Advanced Risk-based Auditing course covers a range of topics designed to enhance the knowledge and skills of senior internal audit practitioners and management, which include:
- Risk Management Principles and Concepts:
- Understanding the foundational principles and concepts of risk management, which are crucial for developing effective risk-based internal audit plans.
- Governance Principles:
- Identifying applicable governance principles and explaining their relationship with the COSO frameworks.
- Governance, Risk, and Control:
- Exploring the relationship between governance, risk, and control processes, including requirements and considerations for implementation.
- Strategy Risk Audits:
- Describing the benefits and purposes of strategy risk audits and strategy process audits.
- Fraud and Anti-Fraud Programs:
- Identifying types of fraud and explaining the role of risk assessment in anti-fraud programs.
- Information Technology (IT) Risks:
- Discussing IT risk assessment frameworks, cybersecurity, information security, and IT governance risks.
- Enterprise Risk Management (ERM):
- Assessing ERM process risks and applying ERM maturity and comprehensive assessment approaches.
- Auditable Universe Risk Assessment:
- Developing an auditable universe risk assessment and applying risk identification, measurement, and prioritization techniques.
These topics are designed to provide participants with a thorough understanding of advanced risk-based auditing, enabling them to address emerging risks and advanced risk topics effectively. The course is interactive, requiring active participation through various activities and discussions.
To download and review the complete course description, CLICK HERE.