Using Risk Assessment to Build Individual Audit Programs: Risk-Based Audit Reports and Corrective Action Plans
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.
- Course Overview
- Risk-Based Audit Reports
- Corrective Action Plans
- Updating Risk Assessment
Learning Style
Level
Includes
Assessment