Developing a Risk-Based Audit Program Draft
This webinar will explain the steps for implementing successful risk based audit program. It will discuss the benefits of using risk based internal auditing (RBIA) program within an organization.
Why Should You Attend: Risk based internal auditing (RBIA) is a methodology that links internal auditing to an organization’s overall risk management framework. RBIA allows internal audit to provide assurance to the board that risk management processes are managing risks effectively, in relation to the risk appetite. Every organization is different, with a different attitude to risk, different structure, different processes and different language. Experienced internal auditors need to adapt these ideas to the structures, processes and language of their organization in order to implement RBIA. RBIA enables internal audit to provide the board with the assurance that it needs in three areas:
Risk management processes, both their design and how well they are working; Management of those risks classified as 'key', including the effectiveness of the controls and other responses to them; Complete, accurate and appropriate reporting and classification of risks.
This webinar will discuss the elements of a risk-based audit program. It will explain the steps for implementing a successful risk-based audit program. Areas Covered in the Webinar:
What are the benefits of using a risk-based compliance audit program? How do you complete a compliance risk assessment? How do you determine the audit scope and frequency? Steps for a successful risk-based audit program; What are the elements of a risk-based audit program? Template for writing an audit report; What does the Board need to know about the audit results? What type of corrective action is required when you find a compliance deficiency? Continuous Auditing/Monitoring a tool used in risk-based auditing.
Who Will Benefit:
Audit Committee Senior Management Line Management Internal Auditors Compliance Management Risk Management External Auditors Chief Financial Officer Controller Chief Audit Executive Audit Directors/Managers/Supervisors Business areas involved in Governance, Risk & Compliance
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