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Risk Based Internal Audit Planning and Execution Essentials

Risk Based Internal Audit Planning and Execution Essentials

$199.00
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Course access is prepared after purchase and delivered via email
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Self-paced • Lifetime updates
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Includes a practical, ready-to-use toolkit with implementation templates, worksheets, checklists, and decision-support materials so you can apply what you learn immediately - no additional setup required.
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What does the Risk Based Internal Audit Planning and Execution Essentials course cover?

Risk Based Internal Audit Planning and Execution Essentials is covered here in 9 modules: Introduction to Risk-Based Internal Auditing: Principles of risk-based internal auditing, Understanding Risk Management Frameworks: Risk management process and components, Risk-Based Audit Planning: Risk assessment and, Developing a risk-based audit plan and 6 more.

How do you approach Risk Based Internal Audit Planning and Execution Essentials step by step?

The work is sequenced in 9 stages. It starts with Introduction to Risk-Based Internal Auditing: Principles of risk-based internal auditing, moves through Understanding Risk Management Frameworks: Risk management process and components and Risk-Based Audit Planning: Risk assessment and, Developing a risk-based audit plan, and ends at Emerging Trends and Best Practices: Best practices in risk-based internal auditing.

What is in Module 1 of the Risk Based Internal Audit Planning and Execution Essentials course?

Module 1 is Introduction to Risk-Based Internal Auditing: Principles of risk-based internal auditing. It works through definition and evolution of internal auditing, role of internal auditing in risk management, principles of risk-based internal auditing and 1 more. It sets the vocabulary the remaining 8 modules build on.

How is the Risk Based Internal Audit Planning and Execution Essentials course delivered?

The Risk Based Internal Audit Planning and Execution Essentials course is fully self-paced with immediate online access after enrolment. Access does not expire and future updates are included at no cost. It can be taken on any device, and a certificate of completion is issued by The Art of Service when you finish.

How much does the Risk Based Internal Audit Planning and Execution Essentials course cost?

The Risk Based Internal Audit Planning and Execution Essentials course is $199 as a one time payment. There is no subscription, no per seat licence and no hidden fee. Enrolment carries a 30 day satisfied or refunded guarantee, so it can be assessed in full before you commit.

Closely related courses: Risk Based Internal Audit Toolkit, Internal Ratings Based Approach Toolkit, Risk Based Internal Auditing Essentials, Risk Based Internal Audit Critical Capabilities.

More answers: what you get with every course, refund policy, all help answers.

Risk-Based Internal Audit Planning and Execution Essentials

Gain the skills and knowledge to design and execute a risk-based internal audit plan that drives business value. Upon completion, participants will receive a Certificate of Completion issued by The Art of Service.



Course Overview

This comprehensive course is designed to equip internal auditors with the knowledge and skills necessary to plan and execute risk-based internal audits. The course is interactive, engaging, and practical, with a focus on real-world applications.



Course Outline

Module 1. Introduction to Risk-Based Internal Auditing: Principles of risk-based internal auditing

  • Definition and evolution of internal auditing
  • Role of internal auditing in risk management
  • Principles of risk-based internal auditing
  • Benefits and challenges of risk-based internal auditing

Module 2. Understanding Risk Management Frameworks: Risk management process and components

  • Overview of risk management frameworks (COSO, ISO 31000, etc.)
  • Risk management process and components
  • Risk identification, assessment, and prioritization
  • Risk mitigation and control strategies

Module 3. Risk-Based Audit Planning: Risk assessment and, Developing a risk-based audit plan

  • Audit planning process and considerations
  • Risk assessment and risk-based audit planning
  • Developing a risk-based audit plan
  • Audit resource allocation and budgeting

Module 4. Risk Assessment and Analysis: Identifying and assessing risk factors

  • Risk assessment methodologies (qualitative, quantitative, etc.)
  • Risk analysis techniques (SWOT, PESTEL, etc.)
  • Identifying and assessing risk factors
  • Prioritizing risks and developing a risk-based audit plan

Module 5. Internal Control and Risk Mitigation: Identifying control gaps and weaknesses

  • Understanding internal controls and risk mitigation strategies
  • Types of internal controls (preventive, detective, etc.)
  • Evaluating internal control design and operating effectiveness
  • Identifying control gaps and weaknesses

Module 6. Audit Execution and Fieldwork: Communicating audit results and recommendations

  • Audit execution and fieldwork best practices
  • Conducting risk-based audit testing and sampling
  • Evaluating audit evidence and documenting findings
  • Communicating audit results and recommendations

Module 7. Audit Reporting and Follow-up: Developing clear and concise audit reports

  • Audit reporting principles and best practices
  • Developing clear and concise audit reports
  • Communicating audit findings and recommendations to stakeholders
  • Tracking and verifying audit recommendations

Module 8. Quality Assurance and Improvement: Evaluating audit quality and performance

  • Quality assurance and improvement principles
  • Evaluating audit quality and performance
  • Identifying areas for improvement and implementing changes
  • Maintaining a quality-focused audit function
  • Emerging trends in internal auditing (digital transformation, etc.)
  • Best practices in risk-based internal auditing
  • Leveraging technology to enhance audit efficiency and effectiveness
  • Staying current with regulatory requirements and industry developments


Course Features

  • Interactive and engaging learning experience with multimedia content
  • Comprehensive and up-to-date coverage of risk-based internal auditing
  • Practical and real-world applications and case studies
  • Expert instructors with extensive experience in internal auditing
  • Certificate of Completion issued by The Art of Service
  • Flexible and self-paced learning with lifetime access to course materials
  • User-friendly and mobile-accessible course platform
  • Community-driven discussion forums and support
  • Actionable insights and hands-on projects to apply learning
  • Bite-sized lessons and gamification to enhance learning experience
  • Progress tracking and assessment to measure learning outcomes
Join this comprehensive course to gain the knowledge and skills necessary to design and execute a risk-based internal audit plan that drives business value.

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