Event details

The most fundamental concept in auditing today is that every audit must be a risk-based audit. There are levels of complexity in ensuring that audits are truly risk-based, extending way beyond sample size issues. This course will help ensure that you can make your audits true risk-based audits that will comply with international audit standards. 

Risk based auditing lies at the cutting edge of internal audit because it integrates itself with an organisation's risk management paradigm and effectively influences its function. The course will further help you to align your organisation's strategies, vision, and values with the internal audit process. 

Topics Covered:  

• Greater management certainty that risks have been properly identified, assessed and actioned, and are within established risk appetite and risk tolerance parameters.
• Assurance of proper management oversight of risk identification, assessment and response processes as well as their proper, complete and timely reporting and documentation.

Learning Outcomes:

By the end of the training course, the participant will be able to: 

• Understand the underlying relationship between governance, risk management and controls, and the purpose, role and value of risk-based auditing.
• Learn how to use a risk-based approach to define and focus your audit activities
• Learn how to incorporate a risk-based approach to all steps in the audit process, from audit planning through audit engagements and audit of an enterprise risk management program.
• Help ensure that your risk-based audits meet international internal auditing standards.

Presenter: Chris Teniswood - Principal, Pinpoints Solutions

Chris has over 30 years of hands-on experience in risk management, corporate governance, and risk-based auditing. He has worked at executive, senior executive and Director/Board levels for large national and global corporations. He is an acclaimed trainer and authored several publications on risk management, risk assessment and governance.