RISK BASED AUDIT

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COURSE OVERVIEW

This intensive course delves into the intricacies of Risk Based Audit, equipping participants with the necessary skills to navigate complex audit environments effectively. Through a blend of theoretical insights and practical case studies, attendees will gain a comprehensive understanding of risk assessment methodologies, audit planning, and execution strategies. With a focus on enhancing audit quality and efficiency, this course empowers professionals to identify, evaluate, and mitigate risks proactively, ensuring robust audit outcomes that drive organizational success.

COURSE OBJECTIVES

By completely attending this course, participants will learn how to:

Apply risk assessment techniques to identify audit priorities.
Develop comprehensive audit plans aligned with organizational objectives.
Execute audit procedures efficiently and effectively.
Enhance analytical skills to interpret audit findings accurately.
Foster critical thinking abilities to address audit challenges creatively.
Improve communication skills to articulate audit results clearly and concisely.

man hand doument with calculator on the desk

TARGET COMPETENCIES

Risk Assessment
Audit Planning
Execution Strategy
Analytical Skills
Critical Thinking
Reporting Agility

This course is ideal for internal auditors, risk managers, compliance officers, and financial professionals seeking to enhance their understanding of risk-based audit practices and methodologies.

The course will be delivered through a combination of interactive lectures, case studies, group discussions, and practical exercises, ensuring active participation and knowledge retention.

RISK MANAGEMENT ACUMEN

Risk identification.
Risk analysis.
Risk evaluation.
Risk mitigation.
Risk monitoring.

EXPERTISE IN AUDIT PLANNING

Objective setting.
Scope definition.
Resource allocation.
Timeline establishment.
Documentation preparation.

PROFICIENCY IN EXECUTING STRATEGIES

Fieldwork coordination.
Data gathering.
Sampling techniques.
Testing procedures.
Evidence documentation.

RESOURCE ALLOCATION OPTIMIZATION

Analytical Proficiency.
Data Analysis.
Trend Identification.
Root Cause Analysis.
Comparative Analysis.
Quantitative Assessment.

CRITICAL THINKING DEVELOPMENT

Problem-solving.
Decision-making.
Judgment evaluation.
Scenario analysis.
Logical reasoning.

COMMUNICATION AND REPORTING AGILITY

Report writing.
Presentation skills.
Stakeholder engagement.
Executive summary drafting.
Feedback incorporation.