Risk-based auditing enables organizations to focus audit resources on the areas of highest risk and greatest value. Instead of reviewing activities in isolation, modern auditors are expected to assess strategic, operational, financial, and compliance risks while supporting stronger governance and decision-making. This course provides participants with practical tools to develop risk-based audit plans, evaluate enterprise risk management processes, and conduct effective audits of complex business activities.
Auditing and Governance Risk and Compliance
Risk-Based Auditing
Risk-based auditing enables organizations to focus audit resources on the areas of highest risk and greatest value. Instead of reviewing activities in isolation, modern auditors are expected to assess strategic, operational, financial, and compliance risks while supporting stronger governance and decision-making. This course provides participants with practical tools to develop risk-based audit plans, evaluate enterprise risk management processes, and conduct effective audits of complex business activities.
Upcoming dates
Classroom
| Start date | End date | Location | Fee | Registration |
|---|---|---|---|---|
| London - United Kingdom |
€2,125 + VAT
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| Paris - France |
€2,200 + VAT
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| Istanbul - Türkiye |
€2,100 + VAT
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| Amsterdam - Netherlands |
€2,125 + VAT
|
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| London - United Kingdom |
€1,925 + VAT
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| Barcelona - Spain |
€2,125 + VAT
|
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| Kuala Lumpur - Malaysia |
€1,425 + VAT
|
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| Barcelona - Spain |
€1,925 + VAT
|
→ |
Online live
Remote
- Understand modern risk-based auditing principles
- Link internal audit with enterprise risk management
- Evaluate risk management processes and controls
- Develop strategic and annual audit plans
- Apply risk-based auditing techniques in practice
- Use audit technology and data tools effectively
- Audit complex and high-risk activities
- Deliver value-added audit recommendations
This program is intended for professionals involved in Auditing and Governance Risk and Compliance.
- Internal Auditors
- Audit Managers
- Risk Management Professionals
- Compliance Officers
- Governance Professionals
- Finance Controllers
- Anyone involved in assurance and control functions
This course uses an interactive and practical approach through presentations, case studies, audit workshops, risk assessments, group discussions, practical exercises, and real workplace examples.
Day1
Risk Based Auditing in the Modern Era
- The modern risk-based audit (RBA) approach
- How risk-based audit has changed the face of auditing
- Importance of dealing with audit risks, not only business risks
- RBA and ERM (Enterprise Risk Management)
- ISO 31000 international risk standard
- Auditing strategic risks
Day2
Evaluating the ERM Process
- Risk workshops
- Other methods of risk identification
- Root cause analysis and Monte Carlo analysis
- Assessment of risk mitigation
- Determining preventative, detective, and corrective controls
- Auditing the ERM process
- Assessing key risk indicators
Day3
Risk Based Audit Planning
- The internal audit strategy
- The audit universe
- Preparing a strategic audit plan
- Risk-based audit KPIs
- Developing annual audit plans
- Use of audit technology (CAATs)
Day4
Risk Based Auditing in Practice
- Planning a risk-based audit and initial brainstorming
- The risk-based audit step by step
- The RBA programme worked example
- RBA deliverables
- Monitoring action plans
- Determining audit risk and control assessment
Day5
Risk Based Audits of Complex Activities
- Auditing brand and reputation
- Risk-based audit of projects
- Reviewing joint ventures
- Environmental auditing
- Auditing the marketing function
- Auditing performance management
SPARK Training Certificate of Completion is awarded to participants who attend and complete the full training course.
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