Risk-Based Auditing

Many Internal Audit functions claim to have adopted a risk-based approach, yet few have fully integrated this methodology to effectively enhance organizational value. This Coventry Academy training course offers a pathway to advance your Audit approach by crafting a strategic audit plan that precisely identifies audit targets and frequency, while delivering cohesive, risk-based audit assignments. This approach promises to significantly elevate the level of assurance provided.

By attending the Coventry Academy training course, participants will elevate their internal audit functions to adopt a more strategic, risk-based approach that enhances value delivery. This course focuses on developing a comprehensive strategic audit plan, ensuring clarity on audit priorities and frequency, and executing integrated, risk-based audit assignments for heightened assurance.

Key components of this training course include:

• Introduction to a globally recognized strategic audit planning tool for confident prioritization, easily communicable to senior management.
• Techniques for identifying risks that may be excessively managed during audits.
• Methods to establish an integrated process linking audit programs directly with organizational risk registers.
• Strategies to ensure seamless coordination of the audit plan with other assurance providers within the organization.
• A systematic, step-by-step guide to executing risk-based audits effectively.
• Approaches for challenging management's risk evaluations during the audit process.