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Understanding Risk-Based Auditing - OAR352WEB
Understanding risk concepts and applying them to the audit process is an essential skill and requirement of successful auditors. Too often auditors fall into the habit of being merely “checkers”, which is far short of risk-based auditing. This webinar covers risk concepts including inherent risk, residual risk, and risk significance. Also, the importance of being able to sell recommendations based on risk, and focus the testing on high-risk areas of the organization.
Who Should Attend
Internal auditors, managers, regulators, compliance, and risk management professionals.
What You’ll Learn
You will learn how organizations should manage risk, the internal auditor’s approach to risk assessment, identifying red flags of business risk, and completing the risk matrix.
- Key Risk Concepts
- Organizations’ Approach to Risk Management
- Audit’s Approach to Risk Assessment
Why You Should Attend
You should attend because internal auditors are required to practice risk-based auditing and gaining this knowledge is essential for success in this role.
MIS Training Institute 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.