Risk-based auditing masterclass

The training course covers the following objectives:

1. A strong link to corporate governance principles (KING IV)
2. The combined assurance model - COSO and the three lines model.
3. A strong focus on risk management principles and concepts (COSO 2017)
4. Explore the relationship between governance principles and the COSO frameworks
5. Explore of the relationship between governance, risk and control.
6. Control self assessment.
7. The alignment between risk and performance.
8. Identification of strategy risk audits, and strategy process audits.
9. Identification of types of fraud and anti-fraud programs and its role in risk assessment.
10. Identification of IT risk assessment frameworks
11. Discussion of cybersecurity, information security and information technology governance risks
12. Assessment of the ERM process risks.
13. Application of ERM maturity and comprehensive assessment approaches.
14. Development of an auditable risk universe
15. Development of risk-based audit objectives.
16. Application of risk identification, measurement and prioritization techniques
17. Risk reporting and the alignment with risk appetite.

The key elements that will turn risk into results are depicted below: