Designing (and performing) risk based audits

Speaker: Raven Catlin

Member $120, Non-member $240

Risk-based auditing is the leading approach for conducting value-driven internal audits. This course equips participants with the practical skills and knowledge needed to design and execute effective, efficient risk-based audits.

Through hands-on activities, participants will learn how to develop a risk-based audit program—from scoping audits based on risk to identifying and testing controls. The course delves into advanced topics such as audit sampling strategies, leveraging technology (including data analytics and artificial intelligence), and driving corrective actions that address root causes.

In this intensive course, participants will explore and apply the eight key distinctions between risk-based and traditional audit approaches. By the end, you’ll be able to identify which elements of risk-based auditing are most relevant to your organization and how to integrate them into your internal audit methodology.

At the end of this program, attendees will be able to:

• Determine a risk based audit scope
• Prepare an effective audit program
• Differentiate between risk based testing and standard testing
• Test controls in risk based auditing for operational, financial, and compliance audits
• Communicate residual risk based audit results

Note:  CPE Certificates will not be issued until payment is received.