Fundamentals of Risk Based Internal Auditing

Course Info

Date: Dec-02-2024

Length: 1 Week

City: London

Fees: 4,430

Type: In Classroom

Available Dates

  • Dec-02-2024

    London

  • Dec-23-2024

    London

  • Jan-13-2025

    London

  • Feb-10-2025

    London

  • Mar-10-2025

    London

  • Apr-14-2025

    London

  • May-12-2025

    London

  • June-09-2025

    London

  • July-14-2025

    London

  • Aug-11-2025

    London

  • Sep-08-2025

    London

  • Oct-13-2025

    London

  • Nov-10-2025

    London

  • Dec-08-2025

    London

Dates in Other Venues

  • Dec-02-2024

    Amsterdam

  • Dec-09-2024

    Istanbul

  • Dec-09-2024

    Kuala Lumpur

  • Dec-16-2024

    Istanbul

  • Dec-16-2024

    Kuala Lumpur

  • Dec-16-2024

    Paris

  • Dec-16-2024

    Singapore

  • Dec-23-2024

    Dubai

  • Dec-30-2024

    Amsterdam

  • Dec-30-2024

    Barcelona

  • Jan-06-2025

    Singapore

  • Jan-06-2025

    Paris

  • Jan-13-2025

    Amsterdam

  • Jan-20-2025

    Barcelona

  • Jan-20-2025

    Dubai

  • Jan-27-2025

    Kuala Lumpur

  • Jan-27-2025

    Istanbul

  • Feb-03-2025

    Singapore

  • Feb-03-2025

    Paris

  • Feb-10-2025

    Amsterdam

  • Feb-17-2025

    Dubai

  • Feb-17-2025

    Barcelona

  • Feb-24-2025

    Kuala Lumpur

  • Mar-03-2025

    Paris

  • Mar-03-2025

    Singapore

  • Mar-10-2025

    Amsterdam

  • Mar-17-2025

    Barcelona

  • Mar-17-2025

    Dubai

  • Mar-24-2025

    Istanbul

  • Mar-24-2025

    Kuala Lumpur

  • Apr-07-2025

    Singapore

  • Apr-07-2025

    Paris

  • Apr-14-2025

    Amsterdam

  • Apr-21-2025

    Barcelona

  • Apr-21-2025

    Dubai

  • Apr-28-2025

    Istanbul

  • Apr-28-2025

    Kuala Lumpur

  • May-05-2025

    Paris

  • May-05-2025

    Singapore

  • May-12-2025

    Amsterdam

  • May-19-2025

    Dubai

  • May-19-2025

    Barcelona

  • May-26-2025

    Istanbul

  • May-26-2025

    Kuala Lumpur

  • June-02-2025

    Singapore

  • June-02-2025

    Paris

  • June-09-2025

    Amsterdam

  • June-16-2025

    Dubai

  • June-16-2025

    Barcelona

  • June-23-2025

    Istanbul

  • June-30-2025

    Kuala Lumpur

  • June-30-2025

    Paris

  • June-30-2025

    Singapore

  • July-07-2025

    Singapore

  • July-07-2025

    Paris

  • July-14-2025

    Amsterdam

  • July-21-2025

    Dubai

  • July-21-2025

    Barcelona

  • July-28-2025

    Istanbul

  • July-28-2025

    Kuala Lumpur

  • Aug-04-2025

    Paris

  • Aug-04-2025

    Singapore

  • Aug-11-2025

    Amsterdam

  • Aug-18-2025

    Dubai

  • Aug-18-2025

    Barcelona

  • Aug-25-2025

    Istanbul

  • Aug-25-2025

    Kuala Lumpur

  • Sep-01-2025

    Singapore

  • Sep-01-2025

    Paris

  • Sep-08-2025

    Amsterdam

  • Sep-15-2025

    Barcelona

  • Sep-15-2025

    Dubai

  • Sep-22-2025

    Istanbul

  • Sep-29-2025

    Singapore

  • Sep-29-2025

    Paris

  • Sep-29-2025

    Kuala Lumpur

  • Oct-06-2025

    Paris

  • Oct-06-2025

    Singapore

  • Oct-13-2025

    Amsterdam

  • Oct-20-2025

    Dubai

  • Oct-20-2025

    Barcelona

  • Oct-27-2025

    Kuala Lumpur

  • Oct-27-2025

    Istanbul

  • Nov-03-2025

    Paris

  • Nov-03-2025

    Singapore

  • Nov-10-2025

    Amsterdam

  • Nov-17-2025

    Dubai

  • Nov-17-2025

    Barcelona

  • Nov-24-2025

    Istanbul

  • Nov-24-2025

    Kuala Lumpur

  • Dec-01-2025

    Paris

  • Dec-01-2025

    Singapore

  • Dec-08-2025

    Amsterdam

  • Dec-15-2025

    Barcelona

  • Dec-15-2025

    Dubai

  • Dec-22-2025

    Istanbul

  • Dec-29-2025

    Paris

  • Dec-29-2025

    Singapore

  • Dec-29-2025

    Kuala Lumpur

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