Advanced Risk Based Internal Audit Function & Report Writing Skills by Muhammad Athar Iqbal

About the training

#risk   #internal audit   #audit   #function & report writing skills

The Risk-based audit planning workshop will enhance the value and credibility of Internal Audit professionals by applying risk concepts and practical approaches to establish a true risk-based internal audit plan, covering the risk theories and framework. It will also educate the management on the benefits of risk management and how they can align their work with the risk appetite of the Board.
This course provides participants with the knowledge to develop an audit universe and risk-based internal audit plan. This course also addresses emerging and advanced risk management topics such as governance risk, strategic risk, fraud risk, information technology risk, and auditing the risk management process. During this course, you will participate in interactive activities and real-life scenarios. Be prepared to walk away with concepts and tools to develop a value-added, risk-based audit plan for your organization.

Fully embed the Risk-Based Audit approach.
Educate management on the benefits of risk management.
Audit major and complex areas of risk for your business with confidence.
Plan Risk-Based assignments efficiently and effectively.

Course Objectives:
Summarize risk management principles and concepts.
Identify corporate governance principles.
Explain the relationship between governance principles and COSO frameworks.
Explain the relationship between governance, risk, and control.
Gain an awareness of tools and techniques for planning and performing value-added, risk-based audits
Learn about risk-based IT auditing, fraud detection, and prevention
Apply risk management maturity and comprehensive assessment approaches.
Develop an auditable universe risk assessment.
Apply risk identification, measurement, and prioritization techniques.
Learn about bringing value addition through internal audit functions
Learn to deliver effective stakeholder assurance

Learning Outcomes:
Learn the principles and methodology of Business Risk Management and Risk-Based Audit based on Best Practices
Gain an awareness of tools and techniques for planning and performing value-added, risk-based audits
Learn how to develop risk-based audit tests at both compliance and substantive levels
Learn how to link audit findings to the risk-based environment thus helping in selling your recommendations
Learn about risk-based IT auditing, fraud detection, and prevention
Practice risk-based auditing techniques and control analysis using a generic case study

Course Methodology:
This interactive course will be delivered through a mix of theoretical and practical sessions and learning will be achieved individually and in small group activities.
The course will provide you with the opportunity to share your own experiences and to learn from others through group discussions and activities.