Global Learning for Operational Leaders
Course AGRC-007
Risk-Based Auditing
Risk-based auditing enables organizations to focus audit resources on the areas of highest risk and greatest value. The outline covers Risk Based Auditing in the Modern Era, Evaluating the ERM Process, Risk Based Audit P...
Classroom
16 sessions
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Online / Live
16 sessions
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Introduction
Course overview
Why Attend
Risk-based auditing enables organizations to focus audit resources on the areas of highest risk and greatest value. Instead of reviewing activities in isolation, modern auditors are expected to assess strategic, operational, financial, and compliance risks while supporting stronger governance and decision-making. This course provides participants with practical tools to develop risk-based audit plans, evaluate enterprise risk management processes, and conduct effective audits of complex business activities.
Course Methodology
This course uses an interactive and practical approach through presentations, case studies, audit workshops, risk assessments, group discussions, practical exercises, and real workplace examples.
Course Objectives
- Understand modern risk-based auditing principles
- Link internal audit with enterprise risk management
- Evaluate risk management processes and controls
- Develop strategic and annual audit plans
- Apply risk-based auditing techniques in practice
- Use audit technology and data tools effectively
- Audit complex and high-risk activities
- Deliver value-added audit recommendations
Target Audience
- Internal Auditors
- Audit Managers
- Risk Management Professionals
- Compliance Officers
- Governance Professionals
- Finance Controllers
- Anyone involved in assurance and control functions
Target Competencies
- Risk-Based Auditing
- Internal Audit Planning
- Risk Assessment
- Control Evaluation
- Audit Reporting
- Strategic Thinking
- Governance Review
- Performance Analysis
What you will achieve
Learning objectives
- Understand modern risk-based auditing principles
- Link internal audit with enterprise risk management
- Evaluate risk management processes and controls
- Develop strategic and annual audit plans
- Apply risk-based auditing techniques in practice
- Use audit technology and data tools effectively
- Audit complex and high-risk activities
- Deliver value-added audit recommendations
Who should attend
Target audience
- Internal Auditors
- Audit Managers
- Risk Management Professionals
- Compliance Officers
- Governance Professionals
- Finance Controllers
- Anyone involved in assurance and control functions
- Target Competencies
Methodology
Learning approach
- This course uses an interactive and practical approach through presentations, case studies, audit workshops, risk assessments, group discussions, practical exercises, and real workplace examples.
Course content
Five focused days of learning and application
Day 1
Risk Based Auditing in the Modern Era
- The modern risk-based audit (RBA) approach
- How risk-based audit has changed the face of auditing
- Importance of dealing with audit risks, not only business risks
- RBA and ERM (Enterprise Risk Management)
- ISO 31000 international risk standard
- Auditing strategic risks
Day 2
Evaluating the ERM Process
- Risk workshops
- Other methods of risk identification
- Root cause analysis and Monte Carlo analysis
- Assessment of risk mitigation
- Determining preventative, detective, and corrective controls
- Auditing the ERM process
- Assessing key risk indicators
Day 3
Risk Based Audit Planning
- The internal audit strategy
- The audit universe
- Preparing a strategic audit plan
- Risk-based audit KPIs
- Developing annual audit plans
- Use of audit technology (CAATs)
Day 4
Risk Based Auditing in Practice
- Planning a risk-based audit and initial brainstorming
- The risk-based audit step by step
- The RBA programme worked example
- RBA deliverables
- Monitoring action plans
- Determining audit risk and control assessment
Day 5
Risk Based Audits of Complex Activities
- Auditing brand and reputation
- Risk-based audit of projects
- Reviewing joint ventures
- Environmental auditing
- Auditing the marketing function
- Auditing performance management
FAQ
Frequently asked questions
What does Risk-Based Auditing (AGRC-007) cover?
This course covers Auditing and Governance Risk and Compliance through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 1 - 5 June 2026, with additional classroom dates and mirrored Online / Live options listed in the course schedules section.
Who should attend this course?
Internal Auditors, Audit Managers, Risk Management Professionals
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Yes. The course detail page includes both classroom sessions and Online / Live sessions, with online options aligned to the same course dates for easier planning.
Where are classroom sessions delivered?
Current classroom venues include Barcelona, Istanbul, Amsterdam, Paris, Munich, Kuala lumpur, London.
Still Have Questions?
Contact the academy team for course details, delivery options, and delegate guidance.
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