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Risk Based Auditor

 You will learn how to audit risk taking and why it's so important. You'll also master the importance of sampling to identify audit concerns, how to report the residual risks retained, and much more.

Certified Risk Based Auditor

Next Session Begins

RBA Starts 27 - 28 May 2024 for 2 days - LIVE Copenhagen

Learning Outcomes

  • Learn a standardised way to plan any audit

  • Identify how to map risks across all business units

  • Understand how to audit risk taking, risk management functions, risk appetites & GRC

  • Understand what to sample to identify audit concerns

  • Practice in real life how to model what is sampled

  • Gain insight into how to report the residual risk retained

  • Look at new ways to connect audit reports with other financial, risk and performance reports

  • Practice audit methods on different business units

  • Build a database for performing risk based audits

  • Gain insight into the value of risk based audit

  • Feel confident that RBA can be applied in your audits

Certified Enterprise Risk Manager

FREE Case Study White Paper that demonstrates the RBA Framework: Download here

Ideal for Learning Travellers

Certified Internal Audit Expert

Course Schedule

Day 1.

Risk Frameworks & Control Assessments for Audit

  • Risk Taxonomies, Audit Universe & Scope

  • COSO & ISO 31000 Framework

  • Planning a Risk Based Audit

  • Risk Based Audit Scorecards

  • Mapping for Internal Audit

  • Risk & Control Registration in Audit

Day 2.

Quantifying + Testing

  • Causal Analysis

  • Factor Identification for Auditors

  • ISO 31010 "Audit Techniques"

  • Factor Analysis Fundamentals

  • Single, Dual, Multi Stratification

  • Sample Methods

  • Confidence & Risk Quantification

  • Loss Models, Monte Carlo

  • RBA Report Drafting & BOC

You will become a Certified Risk Based Auditor, gain lifetime access to a huge reading library of case studies.

You will also be able to bring your audit work to the sessions for an in-classroom technical solution.

  • All Auditors benefit from this program

  • Ideal for Audit Team Leads

  • 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

16 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 

martin davies
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