Risk Based Internal Auditor - Advanced Diploma Program

LEORON Professional Development Institute
Training overview
Professional Course
Virtual Classroom
2 days

Start dates

Course description

Risk Based Internal Auditor - Advanced Diploma Program

This course is designed to help internal auditors to understand best practices in internal audit reporting. This course also provides knowledge to demonstrate your ability to:

  • Develop a collaborative approach while completing the audit
  • Enhance your communication skills
  • Focus on core findings to maximize outcomes
  • Focus on strategic organizational risks while reporting
  • Add value for your organization and for the auditee

Who should attend?

Who Should Attend?

This highly practical and interactive course has been specifically designed for

  • Internal auditors
  • Internal audit seniors
  • Internal audit managers
  • Internal audit directors
  • Chief Audit Executives
  • Risk management professionals
  • Risk managers

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 controlss

Certification / Credits

Key Takeaways

  • Implement risk management principles and differentiate between the various risk management frameworks
  • Identify the highest risks to their organization meeting its objectives
  • Gain a mastery of the Risk- Based Internal Audit Framework and how to apply it at their organization
  • Develop a truly risk-based internal audit plan, not just risk rank an audit uni- verse based on something other than organizational objectives
  • Apply a risk-based approach at the audit engagement level

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...

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Contact info

LEORON Professional Development Institute


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