Risk School - OAR201

CPE:32

Price: $2063.00

Overview

In this course students will learn the key concepts of a risk-based audit methodology. We will cover risk assessment, how to identify key risk areas, how to define risk in business terms and conducting a detailed risk analysis. This course also includes risk drills to practice ways to implement a detailed risk analysis at the engagement level and transition the department to a risk-based function.

Who Should Attend

Internal and External Auditors; Risk Management Specialists; and those charged with corporate governance responsibilities

Prerequisites

• None

What You’ll Learn

You will learn the key concepts of risk-based internal auditing, risk assessment and management. Also, how to apply the concepts learned to help your key stakeholders on essential risk concepts and techniques.

Objectives

• Traditional Approaches to Risk Assessment
• Information Sources Required to Truly Determine Risk
• Maximizing the Audit With Sound Data and Informed Judgment
• A Business Risk Approach to Value-Added Audit Programs
• A Multi-level Approach to Focus the Audit on Risk
• Risk Assessment in the Major Types of Audits
• Maximizing Our Value: Talking Business Not Audit

Agenda

• Audit Pronouncements and Publications t
• Establishing What Risk-Based Auditing Is
• Risk Basics That Need To Be Understood
• Establishing a Framework for Risk Analysis
• Aligning Key Business Risks with the Audit Universe
• Audit Plan Creation
• Driving the Audit Risk Assessment Objectively
• Identifying Key Risk Areas of Primary Concern
• Building an Inventory of Key Risk Metrics
• Engagement Level Risk Assessment
• ERM the New Risk Frontier
• Reengineering the Audit Process to Make It Truly Risk-Based
• Maximizing on Risk: Internal Audit Opportunity
• The Audit Spectrum
• Marketing Risk-Based Auditing

Why You Should Attend

You should attend because risk dynamics are more complex than ever, and our organizations need our expert support to better identify, assess and manage current and future risks more effectively.

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: www.nasbaregistry.org.