Risk Based Internal Auditing

Courses Syllabus

Objectives:

In these five days you will cover

• Who should be consulted – including whether there a risk you are consulting too widely?
• Killer questions and follow up questions to help ensure that you don’t get too many ‘turkeys’ on the plan
• Best practice ways of linking the IA plan to key risk areas, whilst delivering core assurance areas
• How to factor in value and value add into the planning process
• How to address differences between Senior Management and the Audit Committee in relation to what they would like IA to do
• How to effectively address the question “Do you have enough resource”? in a way that gets a constructive debate going, without being a too overt plea for resource
• Best practices around longer term planning horizons, the annual plan and ad hoc audit work
• Ways to use the planning process as a way of deepening the relationship between the head of audit and senior stakeholders
• Uncover how to adopt a risk based approach to internal auditing
• Review enterprise risk management and how to effectively establish a framework in your organisation
• Evaluate internal audit’s readiness to adopt a risk based approach
• Develop a plan for how to implement risk based auditing

The Content:

• Developing the Annual Audit Plan
• Who should be consulted – including whether there a risk you are consulting too widely?
• Killer questions and follow up questions to help ensure that you don’t get too many ‘turkeys’ on the plan
• Best practice ways of linking the IA plan to key risk areas, whilst delivering core assurance areas
• How to factor in value and value add into the planning process
• How to address differences between Senior Management and the Audit Committee in relation to what they would like IA to do
• How to effectively address the question “Do you have enough resource”? in a way that gets a constructive debate going, without being a too overt plea for resource
• Best practices around longer term planning horizons, the annual plan and ad hoc audit work
• Ways to use the planning process as a way of deepening the relationship between the head of audit and senior stakeholders
• Risk Based Internal Auditing
• Uncover how to adop a risk based approach to internal auditing
• Review enterprise risk management and how to effectively establish a framework in your organisation
• Evaluate internal audit’s readiness to adopt a risk based approach
• Develop a plan for how to implement risk based auditing