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Risk-based internal audit planning

About this course

Boards and senior executives look to internal audit (IA) to help them manage enterprise risks. Chief audit executives and internal auditors thus have an opportunity to add tremendous value to their organizations by taking a proactive approach to risk. Using case studies and other reference materials, this interactive one-day course will provide you with a solid understanding of risk-based internal audit planning methodologies you can use to develop an internal audit approach tailored to your organization’s needs.

Who should attend

  • Chief audit executives who want to enhance their organization’s internal audit function
  • Senior internal audit leaders and managers who have significant roles in developing their organization’s internal audit plan

Learn how to

  • Identify the components of a risk-based internal audit plan
  • Adopt practical methods for building a risk-based internal audit plan
  • Distinguish between unit-based and process-based audit universes
  • Determine how a risk-based internal audit plan relates to an organization’s enterprise risk management program

Course content

This one-day course will teach you:

  • The goals and objectives of an internal audit plan
  • How to define an audit universe
  • How to define and prioritize enterprise risks and incorporate other risk management activities into your internal audit plan
  • How to prioritize your internal audit plan and present a multi-year perspective
  • Techniques for presenting the audit plan to management and the audit committee

Prerequisites

None