top of page
%20(21)_edited_edi.png){kind=small}
Risk-Based Auditing - Strategic Audit Planning and Execution
Sector:
Technical Focus Area:
About the Course
This course provides practical training in risk-based auditing, covering how audit resources are focused on the areas of greatest risk to the organization rather than applying uniform coverage across all activities. It is designed for auditors and audit managers responsible for strategic audit planning.
Participants examine risk assessment techniques used to prioritize the audit universe, along with execution strategies that adapt testing intensity to risk level. Case examples illustrate how risk-based planning improves the relevance and impact of audit work.
Learning Milestones
By the end of this course, participants will be able to:
- Build a risk-based audit universe and prioritization model.
- Design audit plans that focus resources on high-risk areas.
- Adapt testing intensity based on assessed risk level.
- Link audit planning to enterprise risk management processes.
- Communicate risk-based audit rationale to stakeholders.
- Monitor emerging risks between audit cycles.
Professional Audience
This course is ideal for auditors and audit managers responsible for strategic audit planning, including:
- Chief audit executives
- Internal audit managers
- Risk management professionals
- Audit committee support staff
- Auditors transitioning to risk-based methodologies
Modular Syllabus
Risk-Based Audit Universe Development
- Defining the audit universe
- Risk factor identification and weighting
- Building a risk scoring model
- Linking the audit universe to strategic objectives
- Common audit universe design gaps
Course Dates & Prices
bottom of page