RBIA methodology and 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 RBIA approach adopted to yield the desired assurance outcome from our stakeholders.

One crucial aspect of the RBIA 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 in the effectiveness of oversight, competency of management, change management practices or other soft controls that were not adequately reviewed or reported?

This course aims at introducing the concept of RBIA to new and aspiring auditors coming into the Assurance profession. The auditors will be trained to recognize key risks that exist at the organizational (entity) and business activity level. More importantly, internal controls from the design and implementation for risk mitigation and compliance purposes will also be taught to ensure they are able to carry out audit fieldwork and testing effectively.