Euro-training Center
 Risk Informed Auditing Mastery A796 QR Code
Share (7) Like Download Brochure (PDF) Dates and locations

Risk Informed Auditing Mastery



This training program is designed to equip professionals with the knowledge and skills needed to conduct monitoring, evaluation, and risk-based auditing effectively. It empowers them to drive sustainable organizational success.

Program Objectives:

At the end of this program, participants will be able to:

  • Understand the principles and methodologies of monitoring, evaluation, and risk-based auditing.

  • Develop audit plans tailored to organizational risks and performance objectives.

  • Conduct comprehensive audits to assess compliance, performance, and risk management.

  • Analyze audit findings and provide evidence-based recommendations for improvement.

  • Enhance organizational resilience and effectiveness through risk-informed auditing practices.

Targeted Audience:

  • Internal auditors responsible for monitoring, evaluation, and risk-based auditing.

  • Risk management professionals involved in assessing organizational risks and controls.

  • Compliance officers tasked with evaluating regulatory compliance and risk exposure.

  • Audit committee members and senior executives interested in risk-informed auditing approaches.

  • Professionals seeking to enhance their skills in monitoring, evaluation, and risk-based auditing.

Program Outlines:

Unit 1:

Introduction to Monitoring, Evaluation & Risk-Based Auditing:

  • Overview of monitoring, evaluation, and risk-based auditing principles and methodologies.

  • Key objectives and benefits of adopting risk-informed auditing practices.

  • Understanding the relationship between risk management, performance evaluation, and auditing.

  • Legal and regulatory requirements governing auditing and risk management practices.

  • Case studies illustrating the value of monitoring, evaluation, and risk-based auditing for organizational resilience.

Unit 2:

Developing Audit Plans for Risk-Based Auditing:

  • Steps to develop comprehensive audit plans aligned with organizational risks and performance objectives.

  • Identifying audit scope, objectives, and criteria based on organizational risk assessments.

  • Creating risk-based audit checklists and documentation for effective audit execution.

  • Planning resources and ensuring auditor competence for risk-based audits.

  • Aligning audit plans with regulatory requirements and industry best practices.

Unit 3:

Conducting Risk-Based Audits:

  • Techniques for planning and conducting risk-based audits.

  • Assessing compliance with regulatory requirements and internal policies.

  • Evaluating the effectiveness of risk management practices and controls.

  • Identifying and assessing key risks impacting organizational objectives.

  • Documenting audit findings and assessing residual risks.

Unit 4:

Analyzing Audit Findings and Providing Recommendations:

  • Analyzing audit findings to determine their significance and impact on organizational performance and risk exposure.

  • Prioritizing findings based on their potential to affect organizational objectives.

  • Developing evidence-based recommendations to address identified weaknesses and gaps.

  • Communicating audit results and recommendations effectively to stakeholders.

  • Facilitating discussions and providing guidance on implementing risk mitigation measures.

Unit 5:

Enhancing Organizational Resilience Through Risk-Informed Auditing Practices:

  • Strategies for integrating risk management and auditing processes to enhance organizational resilience.

  • Establishing mechanisms for ongoing monitoring and evaluation of organizational risks and controls.

  • Embedding risk-informed decision-making processes across all levels of the organization.

  • Strengthening the audit function's role in identifying emerging risks and opportunities.

  • Promoting a culture of continuous improvement and risk awareness within the organization.

Select training course venue