Risk-based auditing masterclass

The training course covers the following objectives:

1. A strong focus on risk management principles and concepts.
2. A strong link to corporate governance principles.
3. Explain the relationship between governance principles and the COSO frameworks
4. Explanation of the relationship between governance, risk and control.
5. Identification of strategy risk audits, and strategy process audits.
6. Identification of types of fraud
7. Examination of anti-fraud programs and its role in risk assessment.
8. Identification of IT risk assessment frameworks
9. Discussion of cybersecurity, information security and information technology governance risks
10. Assessment of the ERM process risks.
11. Application of ERM maturity and comprehensive assessment approaches.
12. Development of an auditable risk universe
13. Application of risk identification, measurement and prioritization techniques

The approach to risk management (ERM) has been adopted by the Government. It ensures a structured and systematic process of risk management within a unitary framework that is aligned to the Government’s governance responsibilities. ERM shall be embedded in the governance and control systems of all MDA’s and processes to ensure that Government’s response to risk remains current and dynamic.

The capacitation program is built around the ERM Framework and includes video's, documents, practical exercises and quizzes to test the knowledge gained.

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