Risk Based Internal Audit Toolkit

(No reviews yet) Write a Review
Downloadable Resources, Instant Access

Be certain that your organization assess financial, operational, and compliance audit risks and exposure of all your organizations operations and processes (development, construction, leasing, Property Management operations, and corporate services/functions), and develop a Risk Based Internal Audit plan.

More Uses of the Risk Based Internal Audit Toolkit:

  • Control: throughout the audit, consider the status of work for assigned areas with lead auditors and other team members.

  • Secure that your strategy acts as the primary interface for all regulatory or customer audit activity.

  • Be accountable for marketing has a widespread impact on your customers, investors and the community.

  • Drive: design, implement and direct a comprehensive and Risk Based Internal Audit program.

  • Methodize: percentage of completion (POC) accounting.

  • Manage knowledge, skills and abilities.

  • Identify: comprehensive procedures are developed and executed to assess existing system of Internal Control.

  • Identify: in collaboration with Business Process owners, manage, implement, document, and update the Internal Control framework for key organization business and financial processes in accordance with Internal Auditing and government mandated standards.

  • Confirm your corporation develops the quality budget for the facility and ensures adherence to the budget.

  • Establish that your operation interacts with plant quality directors/managers in regards to managing product containment/hold activities.

  • Support the growth of the Internal Audit function through recruiting, mentoring and Program Development.

  • Initiate: office of legislative auditor general.

  • Provide insight on efficiency and effectiveness of Risk Management and Internal Control processes.

  • Direct: other positions in finance and accounting.

  • Acquire and document an audit entitys processes, systems, and controls related to assigned audit area.

  • Provide oversight and direction to direct reports in accordance with your organizations Policies and Procedures.

  • Develop a communication plan with key business leaders to consider and understand emerging risks.

  • Govern: Quality System auditing leads scheduled Risk Based Internal Audits.

  • Identify enhancements and improvements to create a more Agile, lean and productive Internal Audit team.

  • Ensure you address; lead audit opening and closing meetings and work assigned as appropriate.

  • Coordinate: generally accepted accounting principles.

  • Recruit and develop a professional audit staff.

  • Ensure you relay; embed a continuous risk sensing process that uses external and internal sources of data to evaluate and identify revisions and enhancements to the Risk Management processes to better protect your organization, from emerging risks.

  • Utilize appropriate audit techniques and analytical techniques to gather sufficient and appropriate Audit Evidence.

  • Be certain that your design complies; sales and Business Development.

  • Be accountable for reviewing the effectiveness of the Internal Audit framework and providing objective assurance on the effectiveness of Risk Management, Internal Control, and governance processes.

  • Evaluate Audit Evidence in accordance with Audit Evidence standards.


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 999 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 999 standard requirements:

  1. Is the Risk Based Internal Audit scope complete and appropriately sized?

  2. What are your key Risk Based Internal Audit organizational performance measures, including key short and longer-term financial measures?

  3. What have you done to protect your business from competitive encroachment?

  4. Are resources adequate for the scope?

  5. Are you / should you be revolutionary or evolutionary?

  6. Is the suppliers process defined and controlled?

  7. What are the top 3 things at the forefront of your Risk Based Internal Audit agendas for the next 3 years?

  8. Are you satisfied with your current role? If not, what is missing from it?

  9. What business benefits will Risk Based Internal Audit goals deliver if achieved?

  10. If you find that you havent accomplished one of the goals for one of the steps of the Risk Based Internal Audit strategy, what will you do to fix it?

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 994 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:

Examples; 10 of the check box criteria:

  1. Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?

  2. Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?

  3. Project Scope Statement: Will all Risk Based Internal Audit project issues be unconditionally tracked through the Issue Resolution process?

  4. Closing Process Group: Did the Risk Based Internal Audit project team have enough people to execute the Risk Based Internal Audit project plan?

  5. Source Selection Criteria: What are the guidelines regarding award without considerations?

  6. Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Risk Based Internal Audit project plan (variances)?

  7. Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?

  8. Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?

  9. Procurement Audit: Was a formal review of tenders received undertaken?

  10. Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?

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:

2.0 Planning Process Group:

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



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.