Risk Based Internal Auditing Workshop Brochure

Risk Based Internal Auditing Workshop

Date: 18th-20th May, 2015
Location : Mombasa, Kenya
CPD Hours: 21 Hours
Your Investment:
Ksh 74,850(w/o VAT Tuition Only)

Adoption of Integrated Risk Based Auditing approaches has become almost mandatory with the rapid implementation of Enterprise Risk Management (ERM).
Stronger regulatory requirements and increased stakeholder expectations in organizational risk management have driven Boards and Executive Management to expect more from the modern day Internal Audit function. They (the Board and Management) expect Internal Auditors to adopt a holistic way of embedding risk into Internal Audit protocols by focusing on what matters the most to the organization.
This workshop has been designed to assist both the experienced and novice Internal Auditors to develop and implement scalable Internal Audit programs that respond to their organization’s Risk Management maturity and that provides assurance that best efforts are being employed to manage risk. At the end of the workshop, participants shall acquire knowledge of integrated RBIA that shall rapidly enable them to perform Risk Based Audits.

In particular, participants shall be able to:

• Demonstrate an understanding of the purpose and objectives of Risk Based Internal Audit

• Develop audit plans based on annual risk assessments

• Embed IT Risk assessments into audit plans and audit programs

• Perform risk based audits within the entire audit cycle all through to report writing

• Interface scalability of Risk Based Audits into the maturity of the organization’s ERM program





 DAY 1   DAY 2   DAY 3 
Introduction & Expectations Management
– Back to the basics – What really is Internal Auditing?
– Excellence in Risk Based Internal Auditing
– Risk based Internal Auditing and Enterprise Risk Management
The Modern Risk Based Internal Audit Shop
– Assessing your departments readiness to adopt Risk Based Auditing
– Tools and techniques for conducting Risk Based Internal Audit engagements
– Vital skill sets of the Risk Based Internal Auditor
– The Risk Based IA Manager
– Considerations for automating the IA process
Risk Based Annual Audit planning
– Methodologies and Approaches
– Ingredients of a Risk Based Audit Universe
– Is the Audit Universe relevant in the ERM environment?

Risk Based Annual Audit planning

– Methodologies and Approaches
– Ingredients of a Risk Based Audit Universe
– Is the Audit Universe relevant the ERM environment?
Performing Risk Based Individual Internal Audit engagements
-Engagement protocols, planning & scoping
– Leveraging ERM Programs in scope development
– Working with the Internal Audit client
Performing Risk Based Individual Internal Audit engagements
– Performing fieldwork
– Leveraging ERM Programs in performing test of controls
– Work paper management & documentation
– Engagement supervision
Performing Risk Based Individual Internal Audit engagements
– Communicating Results
– Risk Based Report Writing
– Monitoring & Follow up
Risk Based Information Systems Audit
– Understanding IT General Controls & the IT Risk Universe
– Performing Annual IT Risk Assessments
Workshop Evaluation & Wrap Up
– Lessons Learned
– Course Evaluation
– Award of Certificates




Internal Auditors, Forensic Auditors, External Auditors, Risk Managers, Legal Officers, Security Officers, HR staff, IT Auditors, Chief Audit Executives , Operational personnel who are required to implement fraud risk management for their area of responsibility.






Loading posts...