Risk Assessment for Internal Audit Planning and in Audit Engagements

Quorum Training Ltd.
London, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' This course captures the essentials of risk-based auditing. The course has been designed to familiarise participants with the nature of business risk and audit risk, how they can be assessed, and how they may be controlled. By the end of the course delegates will be competent to apply risk assessment ideas to undertaking an audit needs assessment in internal audit planning. They will be competent to use risk assessment methodologies within audit assignments to highlight areas to be focused upon. They will understand the nature of risk as it applies to the vulnerability of management¡¯s objectives not being achieved as well as to the likelihood of unwanted exposures materialising. They will appreciate the roles of internal audit as well as management and staff in control risk self assessment (CRSA). A clear appreciation of the distinction between internal and external audit risk will be obtained.

The course considers how internal audit can assist in risk management including assisting the board in its ¡®top-down¡¯ assessment of risk. The course also covers ¡®upside risk¡¯ ¨C exploiting positive opportunities that may arise in the future.

Programme

Business risk, inherent risk, mitigating risk, control risk, residual risk, risk appetite and audit risk
Components of risk
Planning future internal audit programmes using risk assessment as the basis for the audit needs assessment
Top-down risk assessment with the board and senior management
Upside risk
Assessing risk within different business areas
Risk registers and risk mapping
Control risk self assessment
Planning the long-term development of the internal audit function to meet the changing needs of the business
...''

Phone:+44 (0)20 7388 2044

School Address:

Quorum Training Ltd,
Tavistock House,
Tavistock Square,
London WC1H 9TW

Jobs & Resumes: London
Houses & Roommates: London

Communication Skills for Internal Auditors
Writing and Presenting Internal Audit Reports
Auditing for Compliance
Risk Based Systems Auditing
Internal Audit and Risk Management Workshop
Auditing Business Processes
Computer Auditing
Auditing the Procurement Process
Contract Audit
Audit of Construction Contracts
Planning and Managing the Work of an Internal Audit Department
Measuring Internal Audit Performance
The Forensic Audit
Capital Allowances
Corporation Tax
Planning with Capital Allowances
Taxation of Groups
Tax Planning for UK Companies and Groups
Tax Planning For Corporate Transactions

Notice: The course description on this page was captured from the Internet as historical reference or submitted by visitors. It was archived statically and not updated from day to day.
 

Facts: This website holds more than 300,000 training course records worldwide, with hundreds of new postings daily. All services in this website are free!