Why This Course?
Risk Based Audit (RBA) approach should constantly evolve in tandem with the changes taking place in and around the corporation we serve as the preferred assurance partner. The increasing demand for higher standard of assurance practices further fuel the needs to re-examine the thoroughness and adequacy of the RBA approach adopted to yield the desired assurance outcome from our stakeholders.
One crucial aspect of the RBA approach is to assess the design and implementation of controls against risks identified. In this regard, the challenge remains whether the right controls are being identified and scrutinized. Could there be any blind-spots such as effectiveness of oversight, change management practices or other soft controls that were not adequately reviewed or reported?
This course aims to sharpen the skills and increase focus of the participants on critical aspects of controls which we sometimes tend to overlooked or dare not venture into. Technique to embed COSO elements throughout the assurance review process (i.e. planning, execution and reporting) will also be shared with the participants using the facilitator’s widely accepted one-stop RBA template.
Curriculum
- Fitting Risk Based Audit Methodology into the Larger Picture of Assurance Today
- Case Illustration: Risk-based Thinking in Real Corporate Situation
- Institute of Internal Auditor’s Position on RBA
- Issues and Challenges in Adopting RBA Approach
- Revisit COSO Framework: Linking COSO to Real Corporate Scenario
- Why COSO?
- Embedding COSO in RBA Planning: Carving a Holistic RBIA Plan and Strategy
- Embedding COSO in RBA Execution: Increasing Breadth and Depth of Internal Control Coverage
- Embedding COSO in RBA Reporting: Integrating RBA and COSO for Overall Conclusion and Opinion
Learning Outcomes
Modes of Learning
In Person
In-person training
- Face-to-face Learning : including case studies and Q&A session
- Reading Materials
- Training kit for each participants
- Course Completion Certificate
*There will be short breaks and lunch allocated at appropriate intervals
Webinar
Coming Soon
- Live Webinar Session : including case studies and Q&A session
- Reading Materials : pre-course
- Learning reinforcement : for individual modules
- Quizzes and tests : post-course
- Summary report : for quizzes and tests (post-course)
- Course Completion Certification
*There will be short breaks and lunch allocated at appropriate intervals
Discover the professional background and core strengths behind our training approach.
