Professional Course
5.0 (2 Reviews)

Using Risk Assessment to Build Individual Audit Programs

ACI Learning, Online
3 days
3 days

Course description

Using Risk Assessment to Build Individual Audit Programs

In this revealing three-day seminar you will learn how to use risk assessment - generally applied to annual audit plans - to help build individual audit programs that will boost auditor productivity and provide the control assurance required by Sarbanes-Oxley. You will explore the differences between traditional, control-based risk assessment and a new, business risk-based approach that addresses management's concerns at the individual audit level. This progressive risk-based approach will demonstrate how assurance and consultative auditing can be performed simultaneously to maximize your audit resources and generate high-impact outcomes.

Attendees will learn how to recognize primary risks critical to any organization and to evaluate if there are appropriate controls in financial, information systems, compliance, and operational audits. You will then investigate the innovative methodology in a practical, case-based work session that will lead you step-by-step through the development of an individual audit program that can be executed in your own organization. You are encouraged to bring an audit subject and background information to use in this class exercise. Attend this timely seminar to learn how to focus your audits on the business concerns of the audit committee, senior management and the organization's operations.

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Who should attend?

Audit Directors and Managers; Internal, External, and IT Auditors; Operations Managers


Fundamentals of Internal Auditing (OAG101), Risk School (OAR201) or equivalent experience

Training content

  1. Traditional Approaches to Risk Assessment
  2. Information Sources Required to Truly Determine Risk
  3. Maximizing Your Audits with Sound Data and Informed Judgment
  4. A Business-Risk Approach to Value-Added Audit Programs
  5. Focusing the Audit on Risk: A Multi-Level Approach
  6. Risk Assessment in the Four Major Types of Audits
  7. Maximizing Your Value: Talking Business Not Audit

Certification / Credits

Completion of this course is worth 24 CPE Credits


Average rating 5

Based on 2 reviews.
Write a review!
Brian, B, Safety Insurance Co.
23 Apr 2018

The Instructors real world experience, combined with his excellent communication skills, always make for an enjoyable training experience.

Jordan, S, Loews Corp
12 Jun 2017

It was a new and interesting way to approach assessing risk within an organization.

ACI Learning

ACI Learning

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