Risk Based Approach in Internal Audit
Risk Based Approach in Internal Audit
About This Course
This course introduces you to a modern framework for conducting internal audits by prioritizing areas with the highest risk exposure. It explains how internal auditors can align their work with the organization’s strategic objectives by identifying, assessing, and responding to key risks.
You will learn how to develop a risk-based audit plan, evaluate risk controls, and report findings that support better governance and decision-making. Real-world examples and practical techniques are used to demonstrate how risk-based auditing enhances audit efficiency and organizational value. This course is suitable for internal auditors, risk professionals, and compliance officers aiming to strengthen their audit processes through a more focused and risk-aware methodology.
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What You Will Learn
- Define and explain the Risk Based Approach and its relevance to modern internal auditing.
- Identify the internal audit function’s role in supporting enterprise risk management (ERM).
- Distinguish between various types of risks: strategic, operational, compliance, and finance.
- Develop and prioritize audit plans based on risk assessment
- Apply different risk identification techniques such as interviews, workshops, and data analysis.
- Integrate audit findings into broader risk management and strategic decision making.
Who This Course Is For
- External and internal auditors
- Audit seniors and assurance managers
- Accountants responsible for controls and compliance
- Finance professionals completing structured CPD
Prerequisites
- Basic understanding of principles of auditing and assurance
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