Organizations of all sizes and types are continuously exposed to risk throughout their daily operations. However, organizations may not employ all their resources effectively to identify the likelihood of threats materializing and the potential impact to their finances, reputation, and data. This course provides the knowledge to develop an audit universe and risk-based internal audit plan that supports the strategic objectives and success of the organization. It addresses the emerging and advanced risk management topics, such as governance risk, strategic risk, fraud risk, information technology risk, and auditing the risk management process. Participants will be able to use the concepts and tools to develop an internal audit plan that supports the achievement of the organization’s objectives, and to audit areas of utmost importance to your organization today.
Participants will also learn what goes into an effective audit observation and how to organize reports that meet professional standards, elicit management action, communicate crucial messages to executives and board level readers and how to determine reportable items and assemble audit reports in a manner that appropriately (accurately, objectively, clearly, concisely, constructively, completely, and timely) communicates the observations.
This course is designed for senior internal audit practitioners and management who want to build on their knowledge and increase their value to their organization by developing effective risk-based audit plans and addressing emerging risks, advanced risk topics and those who write audit reports analyze their current report format for its effectiveness in eliciting management to take action.