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Learning Outcomes
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Learn a standardised way to plan any audit
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Identify how to map risks across all business units
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Understand how to audit risk taking, risk management functions, risk appetites & GRC
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Understand what to sample to identify audit concerns
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Practice in real life how to model what is sampled
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Gain insight into how to report the residual risk retained
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Look at new ways to connect audit reports with other financial, risk and performance reports
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Practice audit methods on different business units
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Build a database for performing risk based audits
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Gain insight into the value of risk based audit
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Feel confident that RBA can be applied in your audits
FREE Case Study White Paper that demonstrates the RBA Framework: Download here
Course Schedule
Day 1.
Risk Frameworks for Audit
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Risk Taxonomies & Audit Universe
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Audit Framework from IIA Perspective
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COSO & ISO 31000 In Auditing
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Mapping For Risk in Audit
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Class Practical- Risk Registry
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Reviewing Asset Classes Tested in Audits
Day 2.
Risk & Control Assessment
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Risk Registration & Control Alignment
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Causal Analysis
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Control Assessment
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Class Audit Practical
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Factor Identification for Auditors
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Class Practical on Factors
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Audit Scoring & Score Cards
Day 3.
Properly Quantify Risk in an Audit
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Coherent risk Measurement
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Loss Models
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Monte Carlo Model
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Benefit of Cost
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Heat Map Reports
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Risk Correlation Calculator
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Measurement Systems
Day 4.
Sampling & Testing
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Factor Analysis
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Audit Sample From Real Business Case
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Single Factor Analysis
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Dual Factor Analysis
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Sampling Methods
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Developing and Closing an Outstanding Audit
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Audit Write-ups & Recommendations
Ideal for Learning Travellers
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All Auditors benefit from this program
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Ideal for Audit Team Leads
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New Auditors involved in planning or performing an internal audit
Lifetime access to learning portals
You become LSBF Certified
Conference in Singapore
Bring your special project
32 NASBA CPE Credits
Martin Davies is a risk framework architect who designs risk measurement systems for auditors and risk managers working in trading firms,energy houses, manufacturing companies, and financial institutions. He has more than twenty years of experience developing bespoke risk reporting and scorecard assessment solutions with a particular focus on operational audit, IT, finance and the transactional aspects of a business.
Martin Davies
Risk Framework Architect
