Fundamentals of Risk Based Internal Auditing

Course Info

Length: 1 Week

City: Kuala Lumpur

Type: In Classroom

Available Dates

  • Dec-09-2024

    Kuala Lumpur

  • Dec-16-2024

    Kuala Lumpur

Dates in Other Venues

  • Apr-22-2024

    London

  • Apr-22-2024

    Dubai

  • Apr-29-2024

    Barcelona

  • Apr-29-2024

    Amsterdam

  • May-06-2024

    London

  • May-06-2024

    Amsterdam

  • May-13-2024

    Paris

  • May-13-2024

    Singapore

  • May-27-2024

    Dubai

  • May-27-2024

    Barcelona

  • June-03-2024

    Amsterdam

  • June-03-2024

    London

  • June-17-2024

    Paris

  • June-17-2024

    Singapore

  • June-24-2024

    Barcelona

  • June-24-2024

    Dubai

  • July-01-2024

    London

  • July-01-2024

    Amsterdam

  • July-15-2024

    Singapore

  • July-15-2024

    Paris

  • July-22-2024

    Dubai

  • July-22-2024

    London

  • July-29-2024

    Barcelona

  • July-29-2024

    Amsterdam

  • Aug-05-2024

    London

  • Aug-05-2024

    Amsterdam

  • Aug-19-2024

    Singapore

  • Aug-19-2024

    Paris

  • Aug-26-2024

    Dubai

  • Aug-26-2024

    Barcelona

  • Sep-02-2024

    London

  • Sep-02-2024

    Amsterdam

  • Sep-16-2024

    Paris

  • Sep-16-2024

    Singapore

  • Sep-23-2024

    London

  • Sep-23-2024

    Dubai

  • Sep-30-2024

    Amsterdam

  • Sep-30-2024

    Barcelona

  • Oct-07-2024

    Amsterdam

  • Oct-07-2024

    London

  • Oct-21-2024

    Paris

  • Oct-21-2024

    Singapore

  • Oct-28-2024

    Dubai

  • Oct-28-2024

    Barcelona

  • Nov-04-2024

    Amsterdam

  • Nov-04-2024

    London

  • Nov-18-2024

    Paris

  • Nov-18-2024

    Singapore

  • Nov-25-2024

    Dubai

  • Nov-25-2024

    Barcelona

  • Dec-02-2024

    London

  • Dec-02-2024

    Amsterdam

  • Dec-09-2024

    Istanbul

  • Dec-16-2024

    Singapore

  • Dec-16-2024

    Paris

  • Dec-16-2024

    Istanbul

  • Dec-23-2024

    London

  • Dec-23-2024

    Dubai

  • Dec-30-2024

    Amsterdam

  • Dec-30-2024

    Barcelona

Course Details

Course Outline

5 days course

 

Risk-based Internal Auditing: An Overview

 

  • The definition of internal auditing
  • The International Standards for the Professional Practice of Internal Auditing (Standards)
  • The value of risk-based internal auditing

 

Risk and Risk Management: Principles and Concepts

 

  •  Risk overview and the definition of risk
  •  Risk management definitions
  •  Risk and risk management misconceptions
  •  Objectives as they relate to risk
  •  Uncertainty as it relates to risk
  •  External risk versus internal risk
  •  Risk categories
  •  Other risk considerations

 

Risk Frameworks: An Overview

 

  • The purpose of risk management frameworks
  • Major risk and control frameworks
    • COSO Internal Control Framework
    • COSO ERM Framework
    •  ISO 31000

 

Risk Assessment Criteria

 

  • The importance of risk assessment criteria in risk-based auditing
  • Risk appetite definition and concepts
  • Integrating risk appetite with risk assessments
  • Risk tolerance definition and concepts
  • Risk likelihood and impact
  • Other risk criteria

 

The Risk-based Audit Engagement: Planning and Risk Assessment

 

  • Risk-based audit engagement purpose
  • Risk-based audit engagement approach
  • Risk maturity
  • Risk identification
  • Risk assessment

 

Risk-based Audit Engagement: Control Evaluation
 
  • Managing risks
  • Definition of control
  • Types of controls
  • Evaluating controls
  • Tools for evaluating controls

 

Risk-based Audit Engagement: Communicating Results

 

  • Purpose of communicating
  • Why audit reports fail to communicate
  • Communicating an audit observation

 

Risk-based Audit Engagement: Implementation Challenges

 

  • Roadblocks to success
  • Personal implementation challenges
  • Possible solutions 

Course Video