Using Risk Assessment to Build Individual Audit Programs: Risk-Based Audit Reports and Corrective Action Plans

Risk
Using Risk Assessment to Build Individual Audit Programs: Risk-Based Audit Reports and Corrective Action Plans Overview
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WEBVTT Welcome to using risk assessment to build individual audit programs, risk-based audit reports, and corrective action plans. Risk assessments are crucial for constructing effective audit programs and conducting risk-based audits. This course offers elements of a risk-based audit report, their visual representation, identifying the why, and creating value-added recommendations. We'll explore management responses, corrective actions, evaluating risks, determining the cause, and mitigating steps. Other topics include involving other organizational units, monitoring, sign-off, updating the risk assessments, and mapping it to audits. Designed for financial, operational, business, and IT auditors, aiming to deepen their understanding of risk assessment techniques and principles. This course enhances your skill set by focusing on audit reports and corrective action plans. On successful completion, you'll earn 7.5 CPE credits. Ready to delve deeper into risk-based audit reports and corrective action plans? Let's begin.

Overview

Risk assessments are essential to build effective audit programs, and conduct risk-based auditing. This course is Part 4 of the Using Risk Assessment to Build Individual Audit Programs course series.

Topics covered include elements of a risk-based audit report and their visual representation, identification of the “why”, value-added recommendations and strategies, and the inclusion of management responses and corrective actions. It also includes evaluating risk, determining the cause, mitigating steps, involving other organizational units, monitoring, sign-off, updating the risk assessment, and mapping it to audits.

CPE: 7.5

Who should attend:

Financial, Operational, Business, and IT Auditors interested in broadening their knowledge of risk assessment techniques and principles.

Here are the topics we'll cover.

  1. Course Overview
  2. Risk-Based Audit Reports
  3. Corrective Action Plans
  4. Updating Risk Assessment

Learning Style

On Demand

Level

Advanced

Includes

Assessment

Who this course is for

Financial, Operational, Business, and IT Auditors interested in broadening their knowledge of risk assessment techniques and principles.

NASBA Certified CPE

7.5 credits

Field of Study

Auditing

Length of course

7.5h

Prerequisites

Risk Audit SchoolRisk Assessment Using Data Analytics
or equivalent experience

Advanced Preparation

None
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ACI Learning is registered with NASBA

ACI Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/