INTRODUCTION
The need to manage risks is increasingly recognized as essential to effective corporate governance and to maintain an effective system of internal control. Internal audit plays a key role in providing assurance that risks to the organization are properly managed. Risk-based auditing links internal audit to an organization s overall risk management framework. 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.
This course is designed for senior internal audit practitioners and audit managers who want to build on their knowledge and increase their value to the organization by developing effective risk-based audit plans that address emerging risks.
OBJECTIVES
By the end of this Advanced Risk-based Auditing course, you will be able to:
Identify corporate governance principles.
Explain the relationship between governance principles and COSO frameworks.
Explain the relationship between governance, risk and control.
Identify strategy risk audits.
Identify the strategy process audits.
Identify types of fraud.
Examine an anti-fraud program and the role of risk assessment.
Identify IT risk assessment frameworks.
Discuss cybersecurity, information security, and information technology (IT) governance risks.
Assess enterprise risk management process risks.
Apply enterprise risk management maturity and comprehensive assessment approaches.
Develop an auditable universe risk assessment.
Apply risk identification, measurement, and prioritization techniques.
WHO SHOULD ATTEND ?
This Advanced Risk-based Auditing course is designed for: senior internal audit practitioners and audit managers who want to build on their knowledge and increase their value to the organization by developing effective risk-based audit plans that address emerging risks.
COURSE OUTLINE
Day 1
Risk Management Principles and Concepts
Risk definitions
Risk management definitions
Major control and risk frameworks
Risk management assessment criteria
Corporate Governance Risk
Overview, definition, and standards
Relationship between governance, risk and control
Governance breakdowns
Corporate governance principles
Governance principles and COSO frameworks
Audit activities and approach
Day 2
Strategic Risk
Strategy overview
Definition of strategic risk
Internal audit s consideration of strategic risk
Strategy related audit
Strategy risk audits
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Fraud Risk Assessment
Definition and principles
Standards and guidelines
Anti-fraud program
Role of internal audit
Internal audit approach
Types of fraud
The fraud triangle
Day 3
Information Technology Risk
The IT risk landscape
IT risk assessment frameworks
Internal audit considerations
Internal audit focus o Cybersecurity o Information security o Governance
Day 4
Auditing the ERM Process
Enterprise risk management audits: Internal audit considerations
Assessing enterprise risk management
Maturity assessment approach
Comprehensive assessment approach
Day 5
Auditable universe: General attributes
Audit universe risk assessment: Examples
Assessment criteria: Sophistication factors
Risk identification Risk measurement
Risk prioritization
IN-HOUSE TRAINING
LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
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DOCUMENTATION
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
CERTIFICATES
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00AM12:45PM Or 01:00PM - 05:00PM.
REGISTRATION & PAYMENT
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds. For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
CONTACT INFO
LONDON
Oxford Street, 25 N Row, London W1K 6DJ
+44 20 36 916 970 | +44 20 80 900 464 info@lpcentre.com
DUBAI
Business Bay, ParkLane Tower, Offices 718 - 719
+971 43 88 00 94
dubai.training@lpcentre.com
KUALA LUMPUR
No. 3273 Level 32, Menara Prestige, 1, Jalan Pinang, 50450 Kuala Lumpur +60 19 305 5694
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