Certificate In Internal Audit

Internal Audit - Phil Griffiths - Audit reporting - Audit Manager - Risk Based Auditing - Audit Practitioner - analysis

Certificate IV - Risk Based Auditing 13 – 17 May 2012 • Kempinski Hotel, Mall of the Emirates, Dubai, UAE 18 – 22 November 2012 • Venue TBC, Dubai, UAE

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Registration will be at 07:30 on the first day. The course will commence at 08:00 every day and finish at 14:30. There will be breaks for refreshments at approximately 10:30 and 12:30 and lunch will be served at the end of each day’s sessions.

• The concepts and practical application of risk based auditing
• Understand how to identify, mitigate and control risks effectively
• Challenge management and sell the benefits of proactive risk management
• Audit major areas of risk for your business with confidence
• Add value to your organisation by the application of risk-based audit services
• Gain confidence in your audit plans through understanding the role of risk
• Plan risk based assignments efficiently and effectively
• Understand the role of IA in fraud prevention and detection
• Measure success effectively

• 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
• This course will be highly beneficial for delegates that have previously attended the Certificate in Internal Audit 2 – Internal
• Audit Practitioner or Certificate in IA 3 – Advanced Audit skills

• New IIA guidance – the chief risk officer and the IA roles
• ISO 31000 – audit implications
• RBA implementation guidance
• IIA core competencies survey
• Risk appetite evaluation
• Risk management challenges and the IA impact
• Risk opportunity and performance – the IA approach
• IIA survey – characteristics of internal audit
• Internal audit productivity
• Measuring IA value
• IIA QA checklist
• QA assessments UAE
• Bribery Act guidance 2011
  

The Institute of Internal Auditors in a professional guidance statement stated the following:

‘Internal Audit is being asked to provide much greater assurance to Senior Management than ever before. The Institute believes that the only way to provide such objective assurance is by means of risk based auditing’.

Audit functions that are able to focus their efforts towards the significant risk in their organisations are able to concentrate their limited resources on the issues which drive business goals and aspirations. In consequence audit plans are directed at the issues, which really matter. This course provides all the latest developments. The course features interactive voting and includes many new topics.

Furthermore, a participative approach whereby auditors and managers work together to identify, assess and control business risks significantly enhances the level of assurance and reduces the chances of nasty surprises – a huge benefit in these more difficult times.


Day One - Risk And Internal Audit

• What Is Risk Based Audit?
  Exercise 1 – Challenges for internal audit


• The Nature Of Risk
  Exercise 2 – Analysing a disaster


• Business Risk


• Risk Identification And Evaluation
  

Day Two: Risk Management And The Audit Role

• The Role Of Internal Audit In Risk Facilitation
  Exercise 3 – Interactive risk workshop


• Assessment Of Risk Mitigation
  Exercise 4 – Risk exposures


• Risk And Internal Audit
  Exercise 5 – Risk and reward – team exercise


• Embedding The Process
  Exercise 6 – Interactive risk workshop – mitigation

Day Three - Practicalities Of Risk Based Auditing

• The Internal Audit Role
  Exercise 7 – Success measures


• Strategic Audit Planning
  Exercise 8 – Developing a strategic audit plan using the model


• Tactical Audit Planning
  Exercise 9 – The challenges of risk based audit assignment planning


• The Converging Roles Of The Assurance Providers Under The Risk Umbrella
  Exercise 10 – Coordinating your efforts with other assurance pr

Day Four - Risk Based Auditing In Practice

• Planning A Risk Based Audit
  Case Study: A worked example of a risk based audit of HR
  Exercise 11 – Specific audits will be chosen for the purpose by the delegates and the functional objectives and risks brainstormed in groups


• The RBA Approach
  Exercise 12 – Discussion – the challenges of the RBA approach
  


• RBA In Practice
  Exercise 13 – Scoping a RBA assignment


• Relationships With The Board And Audit Committees
  Exercise 14 – The Audit Committee or Board report

Day Five - RBA Challenges

• Quality Assuring Or Benchmarking The IA Function (And The RBA Approach)
  Exercise 15 – The challenges of benchmarking


• Fraud And The Internal Audit Role
  Exercise 16 – The audit role -fraud prevention and detect


• Risk Based Audit Reporting
  Exercise 17 – Discussion – how to deliver risk based reports