Risk-Based Auditing

Risk-Based Auditing

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Program Objectives:
By the end of the program, participants will be able to:
  • ​Understand the nature and causes of risks
  • Describe the risk management process
  • Recognize asset-liability management models
  • Comprehend risk analysis and its effect on internal auditing
  • Implement an information system risk-based audit approach
  • Plan audits based on risk and materiality
  • Implement a structured approach to audit risk evaluation
  • Demonstrate the value of risk-based audits
Who should attend:
All accounting and auditing professionals who seek an overview of risk based auditing, will benefit from this program. This includes risk managers, accountants, auditors and consultants who are required to understand risk reporting in the course of their duties. In addition, financial managers will also find this program beneficial.
Program Outline
Risk Overview
  • Risk and its nature in an organization
  • General risk management
  • Risk mitigation strategies
  • Risk assessment processes
  • The Risk Based Audit Framework (RBAF)
Stages in Risk-Based Internal Audit
  • Internal audit in practice
  • The internal audit role in policy formulation
  • Checklist for risk mitigation
  • Defining the risk-based audit universe
  • Risk identification
  • Audit interviewing
  • Risk maturity
The Audit Process
  • Audit program development and techniques
  • Developing the compliance audit programme
  • Developing the individual audit
  • Operating risk auditing
  • Operating risk analysis, monitoring and reporting
  • Conducting a risk analysis
  • A structured approach to audit risk evaluation
  • Risk and materiality
  • Risks in the financial services industry
  • Computer risks and fraud
  • Reducing the risks in electronic interchanges
Risk Audit Planning
  • Risk-based auditing, an integrated approach
  • ​Mapping the audit universe
  • Internal risk assessment – a new framework
  • The Cascarino Cube
  • Inherent, residual, and operational risks and controls
Implementing the Risk-Based Approach
  • Managing risks in computer applications Conducting the audit
  • Developing the audit program
  • Delivering audit quality
  • Quality measurement and the Institute of Internal Auditors (IIA) standards
  • Audit risk reporting
  • Making the most of audit results
  • Audit’s contribution to managing change  Issue tracking
  • The changing internal audit role​

To register for this event email your details to abdlk@hotmail.com

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Date And Time

2021-03-14 @ 09:00 AM to
01:30 PM

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