Fundamentals of Risk Assessment and Audit Plan

Course Content

Understanding the role of IA in Risk Assessment in order to develop the audit plan
• Understands risk concepts and process of
• Understands different tools and techniques related to Risk such as risk management standard
• Understands different tools and techniques related to Risk such as risk management standard (eg. AS/NZS 4360), risk methodolog, risk register and risk based audit universe
• Understands concepts such as Risk Assessment, Risk Management, Enterprise Risk Management (ERM) and Internal Audit’s role with regards to them
• Understands the linkage between risk identification, risk assessment and its relationship to business operations and the risk Based internal

Audit Plan
• Understand Different types of risk Assessment in the company and the role of internal audit in these assessments
• Understand the different risk factor that can influence their company’s audit plan
• Understand how to create/update risk registers for straight forward areas