Risk Based Internal Audit Toolkit

Save time, empower your teams and effectively upgrade your processes with access to this practical Risk Based Internal Audit Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Risk Based Internal Audit related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Risk Based Internal Audit specific requirements:

STEP 1: Get your bearings

Start with...


• The latest quick edition of the Risk Based Internal Audit Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.


Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…


• Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation


Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 993 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Risk Based Internal Audit improvements can be made.

Examples; 10 of the 993 standard requirements:


1. Which types of internal audit engagements will provide senior management and the board with adequate assurance and advice that significant risks have been mitigated effectively?
   
   

2. Do internal auditors have sufficient knowledge of key information technology risks and controls and available technology based audit techniques to perform the assigned work?
   
   

3. Is the internal audit plan clearly linked to the most current risk profile, and is the risk profile updated based on audit findings and outcomes?
   
   

4. Does the internal auditor understand what an acceptable level of risk is, based on managements risk tolerance levels for the process?
   
   

5. Does the audit program verify that internal balancing control procedures are performed appropriately each time ledgers are posted?
   
   

6. Can management use a risk based approach for determining the extent to which internal controls should be documented and validated?
   
   

7. Is the risk management process an adequate and effective process for identifying, assessing, managing and reporting on risk?
   
   

8. Is there is a possibility to improve the margins by substituting key components with a cost effective with value addition?
   
   

9. Has your organization developed measures/indicators to monitor & evaluate the impact of your health promotion programme?
   
   

10. Is your internal audit function taking advantage of collaboration, data extraction, analytics, and visualization tools?
    
    


Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:


• The workbook is the latest in-depth complete edition of the Risk Based Internal Audit book in PDF containing 993 requirements, which criteria correspond to the criteria in...


Your Risk Based Internal Audit self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:


• The Self-Assessment Excel Dashboard; with the Risk Based Internal Audit Self-Assessment and Scorecard you will develop a clear picture of which Risk Based Internal Audit areas need attention, which requirements you should focus on and who will be responsible for them:
  
  


• Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix

• Gives you a professional Dashboard to guide and perform a thorough Risk Based Internal Audit Self-Assessment

• Is secure: Ensures offline data protection of your Self-Assessment results

• Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:



STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Risk Based Internal Audit projects with the 62 implementation resources:


• 62 step-by-step Risk Based Internal Audit Project Management Form Templates covering over 1500 Risk Based Internal Audit project requirements and success criteria:


Examples; 10 of the check box criteria:


1. Schedule Management Plan: Has a structured approach been used to break work effort into manageable components (WBS)?
   
   

2. Contractor Status Report: What is the average response time for answering a support call?
   
   

3. Procurement Audit: Was the tender clearly and properly specified, including evaluation criteria and knowing about the market and therefore not over-prescriptive and receptive to innovation?
   
   

4. Probability and Impact Assessment: When and how will the recent breakthroughs in basic research lead to commercial products?
   
   

5. Scope Management Plan: Are written status reports provided on a designated frequent basis?
   
   

6. Stakeholder Management Plan: Is it standard practice to formally commit stakeholders to the Risk Based Internal Audit project via agreements?
   
   

7. Human Resource Management Plan: Is it standard practice to formally commit stakeholders to the Risk Based Internal Audit project via agreements?
   
   

8. Activity Resource Requirements: Are there unresolved issues that need to be addressed?
   
   

9. Risk Audit: Does your organization have an up-to-date constitution?
   
   

10. Project Schedule: Are there activities that came from a template or previous Risk Based Internal Audit project that are not applicable on this phase of this Risk Based Internal Audit project?


 
Step-by-step and complete Risk Based Internal Audit Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:


• 1.1 Risk Based Internal Audit project Charter

• 1.2 Stakeholder Register

• 1.3 Stakeholder Analysis Matrix


2.0 Planning Process Group:


• 2.1 Risk Based Internal Audit project Management Plan

• 2.2 Scope Management Plan

• 2.3 Requirements Management Plan

• 2.4 Requirements Documentation

• 2.5 Requirements Traceability Matrix

• 2.6 Risk Based Internal Audit project Scope Statement

• 2.7 Assumption and Constraint Log

• 2.8 Work Breakdown Structure

• 2.9 WBS Dictionary

• 2.10 Schedule Management Plan

• 2.11 Activity List

• 2.12 Activity Attributes

• 2.13 Milestone List

• 2.14 Network Diagram

• 2.15 Activity Resource Requirements

• 2.16 Resource Breakdown Structure

• 2.17 Activity Duration Estimates

• 2.18 Duration Estimating Worksheet

• 2.19 Risk Based Internal Audit project Schedule

• 2.20 Cost Management Plan

• 2.21 Activity Cost Estimates

• 2.22 Cost Estimating Worksheet

• 2.23 Cost Baseline

• 2.24 Quality Management Plan

• 2.25 Quality Metrics

• 2.26 Process Improvement Plan

• 2.27 Responsibility Assignment Matrix

• 2.28 Roles and Responsibilities

• 2.29 Human Resource Management Plan

• 2.30 Communications Management Plan

• 2.31 Risk Management Plan

• 2.32 Risk Register

• 2.33 Probability and Impact Assessment

• 2.34 Probability and Impact Matrix

• 2.35 Risk Data Sheet

• 2.36 Procurement Management Plan

• 2.37 Source Selection Criteria

• 2.38 Stakeholder Management Plan

• 2.39 Change Management Plan


3.0 Executing Process Group:


• 3.1 Team Member Status Report

• 3.2 Change Request

• 3.3 Change Log

• 3.4 Decision Log

• 3.5 Quality Audit

• 3.6 Team Directory

• 3.7 Team Operating Agreement

• 3.8 Team Performance Assessment

• 3.9 Team Member Performance Assessment

• 3.10 Issue Log


4.0 Monitoring and Controlling Process Group:


• 4.1 Risk Based Internal Audit project Performance Report

• 4.2 Variance Analysis

• 4.3 Earned Value Status

• 4.4 Risk Audit

• 4.5 Contractor Status Report

• 4.6 Formal Acceptance


5.0 Closing Process Group:


• 5.1 Procurement Audit

• 5.2 Contract Close-Out

• 5.3 Risk Based Internal Audit project or Phase Close-Out

• 5.4 Lessons Learned


Results

With this Three Step process you will have all the tools you need for any Risk Based Internal Audit project with this in-depth Risk Based Internal Audit Toolkit.

In using the Toolkit you will be better able to:


• Diagnose Risk Based Internal Audit projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices

• Implement evidence-based best practice strategies aligned with overall goals

• Integrate recent advances in Risk Based Internal Audit and put process design strategies into practice according to best practice guidelines


Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Risk Based Internal Audit investments work better.

This Risk Based Internal Audit All-Inclusive Toolkit enables You to be that person.

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.