Risk Based Auditing and Internal Controls Course

Master risk-based auditing and internal controls in this 5-day course with hands-on exercises, enhancing your skills in risk assessment and audit planning.

Auditing, Governance, and Risk Compliance Training Courses Confirmed

Training Locations

This Risk Based Auditing and Internal Controls Course is available in multiple cities. Please select your preferred location from the list below

Durrës

Albania

Tirana

Albania

Andorra la Vella

Andorra

Escaldes-Engordany

Andorra

Innsbruck

Austria

Salzburg

Austria

Vienna

Austria

Gomel

Belarus

Minsk

Belarus

Antwerp

Belgium

Brussels

Belgium

Banja Luka

Bosnia and Herzegovina

Sarajevo

Bosnia and Herzegovina

Plovdiv

Bulgaria

Sofia

Bulgaria

Dubrovnik

Croatia

Split

Croatia

Zagreb

Croatia

Limassol

Cyprus

Nicosia

Cyprus

Brno

Czech Republic

Prague

Czech Republic

Aarhus

Denmark

Copenhagen

Denmark

Tallinn

Estonia

Tartu

Estonia

Helsinki

Finland

Tampere

Finland

Lyon

France

Marseille

France

Nice

France

Paris

France

Berlin

Germany

Frankfurt

Germany

Hamburg

Germany

Munich

Germany

Athens

Greece

Thessaloniki

Greece

Budapest

Hungary

Debrecen

Hungary

Akureyri

Iceland

Reykjavík

Iceland

Cork

Ireland

Dublin

Ireland

Florence

Italy

Milan

Italy

Naples

Italy

Rome

Italy

Pristina

Kosovo

Prizren

Kosovo

Liepāja

Latvia

Riga

Latvia

Schaan

Liechtenstein

Vaduz

Liechtenstein

Kaunas

Lithuania

Vilnius

Lithuania

Esch-sur-Alzette

Luxembourg

Luxembourg City

Luxembourg

St. Julian's

Malta

Valletta

Malta

Bălți

Moldova

Chișinău

Moldova

La Condamine

Monaco

Monte Carlo

Monaco

Budva

Montenegro

Podgorica

Montenegro

Amsterdam

Netherlands

Rotterdam

Netherlands

The Hague

Netherlands

Ohrid

North Macedonia

Skopje

North Macedonia

Bergen

Norway

Oslo

Norway

Gdańsk

Poland

Kraków

Poland

Warsaw

Poland

Faro

Portugal

Lisbon

Portugal

Porto

Portugal

Bucharest

Romania

Cluj-Napoca

Romania

City of San Marino

San Marino

Serravalle

San Marino

Belgrade

Serbia

Novi Sad

Serbia

Bratislava

Slovakia

Košice

Slovakia

Bled

Slovenia

Ljubljana

Slovenia

Barcelona

Spain

Madrid

Spain

Valencia

Spain

Gothenburg

Sweden

Stockholm

Sweden

Bern

Switzerland

Geneva

Switzerland

Zurich

Switzerland

Kyiv

Ukraine

Lviv

Ukraine

Odesa

Ukraine

Dubai

United Arab Emirates

Birmingham

United Kingdom

Edinburgh

United Kingdom

London

United Kingdom

Manchester

United Kingdom

Rome (Vatican-adjacent)

Vatican City

Training Outlines

Introduction

Welcome to the "Risk Based Auditing and Internal Controls" professional course. This comprehensive 5-day course is designed to equip you with the essential skills and knowledge to effectively conduct risk-based audits and implement robust internal controls within any organization. Through interactive sessions and practical exercises, participants will learn to identify, assess, and manage risks while ensuring compliance with industry standards and best practices.

Objectives

Understand the principles and framework of risk-based auditing.
Identify and assess risks within different organizational contexts.
Develop and implement effective internal controls.
Enhance skills in audit planning, execution, and reporting.
Apply best practices in maintaining compliance and managing risk.

Course Outlines

Day 1: Fundamentals of Risk-Based Auditing

Introduction to risk-based auditing: concepts and principles
Understanding the audit risk model
Identifying and categorizing risks
Role of risk assessment in audit planning
Case studies on risk-based auditing approaches

Day 2: Assessing and Managing Risks

Conducting risk assessments: tools and techniques
Evaluating inherent and residual risks
Risk management strategies within the audit process
Prioritizing audit focus based on risk levels
Workshop: Risk assessment exercises

Day 3: Designing and Implementing Internal Controls

Overview of internal control frameworks (e.g., COSO)
Designing effective internal controls to mitigate risks
Implementing control activities across processes
Monitoring and improving internal controls over time
Practical session: Developing control matrices

Day 4: Audit Planning, Execution, and Reporting

Planning the risk-based audit process
Executing audit procedures and gathering evidence
Analyzing findings and evaluating control effectiveness
Preparing and delivering audit reports
Interactive case study: Simulated audit scenario

Day 5: Best Practices and Compliance

Review of regulatory compliance and industry standards
Applying best practices in risk-based auditing
Continuous improvement and audit quality assurance
Managing challenges in risk and control environments
Final group project: Developing a comprehensive audit plan

Training Schedule

Below is the table of cities along with the respective dates for the upcoming training sessions of Risk Based Auditing and Internal Controls Course. Please review the schedule to find the most convenient option for you. You can also use the below search bar to type the city name and filter the results.