Certified Risk Based Auditor (In-House)
LEORON Professional Development Institute
Course description
Certified Risk Based Auditor (In-House)
This in-house programme will look at Risk and the Internal Audit Role, ISO 31000, Dealing with risk exposures, Risk-based audit approach and risk-based auditing in Practice.
Through lectures and practical group interaction, discussions, and exercises, participants will develop the skills necessary to effectively plan and perform risk based internal auditing at their organization.
Who should attend?
This in-house programme is suitable for:
- Heads of Audit
- Audit Managers and Senior Auditors
- Auditors responsible for developing or implementing a risk based approach
- Other assurance professionals such as those in Compliance and QA functions who are wanting to develop their Risk Based Approach
- Managers and Directors of business functions – to aid their knowledge of a risk based audit approach.
- Plus anyone who is responsible for analyzing company financial risk and dealing with the various risk exposures that may affect their organization
Training content
Day 1
- The “Big Picture” of business
- Understanding performance, risk and compliance in relation to internal audits
- Definition of internal auditing
- Types of internal audits
- Internal audit professional standards
- The evolving role of internal audit
- The future of internal audit
- Audit universe approaches
- The use of frameworks
- The Risk-Based Internal Audit Framework
Day 2
- Understanding external and internal context
- Understanding and assessing culture
- Understanding stakeholders
- Understanding objectives and strategies
- The nature of risk
- Identifying opportunities, threats and requirements
- Identification methods
- Inherent and residual risk
- Risk analysis criteria and decision-making guidelines
- Risk appetite
- Risk tolerance
- Risk capacity
- Assessing reward, risk and compliance
- How to measure risk
- Responding to risks:(Terminate, Tolerate, Treat, or Transfer)
- Internal controls
DAY 3
- Risk standards: (ISO 31000, COSO Enterprise Risk Management, OCEG GRC Capability Framework)
- Risk language issues and risk models
- The role of internal audit in risk facilitation
- Relationship between risk and internal audit
- Acceptable and unacceptable involvements of internal auditing the risk management process
- Fraud
- Identifying and assessing fraud risks
- Elements in an effective fraud detection program
- Developing the audit universe
Certification / Credits
Upon successful completion of this in-house programme, candidates will receive a CRBA Risk Based Auditor Certificate.
Why choose Leoron?
LEORON has worked with some of the largest companies in the World - but importantly we care about the individual. Through our Customer Happiness Team we ensure that everyone who attends a LEORON course has the support before, during and after to ensure their training needs are met.
We offer the highest level of training delivery, whether that be in our live-virtual training or in-classroom sessions, with our expert instructors guiding you through everything so that you’re left feeling assured and confident to utilize your new knowledge going forward.
About Leoron
LEORON Professional Development Institute
LEORON is the fastest growing global training institute in the World, having evolved over the past 11 years into a dominant training institute that offers a comprehensive set of training and development solutions to both individuals and businesses. Our locations...
