Risk School Agenda Seminar: ID# 1264216
Agenda What You Will Learn: Risk-Focused Pronouncements and Publications ISO 3100 risk model
using the COSO ERM model as a baseline
ERM as presented in the UK/Ireland position paper: the role of internal audit Risk-Based Auditing defining risk-based internal auditing
the undercurrent of change in internal auditing
comparing and contrasting audit approaches
risk-based auditing benefits Risk Basics: What You Need to Know defining risk in business terms: essential for success
three key components of real risk assessment
the audit function and how it should be driven by risk
relating business risk and control failure Establishing a Framework for Risk Analysis alternative methods of determining risk in audit practice
subjective
objective
using core business analysis to drive a top-down risk-based approach
centering risk assessment around the five key things a business does Aligning Key Business Risks with the Audit Universe key universal business risk categories: examples
prioritizing risk by critical functionality of the business
identifying the key business risks types in your organization
creating an effective risk-based audit plan
truly integrating the risk-based audit plan into the engagement-level risk assessment Objectively Driving the Audit Risk Assessment establishing a case for objective-based risk assessment
using data and proven information
making your analysis reactive rather than proactive
data analysis tools and how to use them for risk identification
interpreting data in the context of risk
data types: what you must know
KRIs: output or outcome-based?
types of analysis
risk in data movement
pivotal point of change analysis
mean dispersion analysis
others Identifying Risk Areas of Primary Concern financial: how to determine what is risk and what is exposure
operational: focusing on areas of real opportunity
IS/IT: determining the big payback areas of risk
regulatory: identifying the real points of risk focus Building an Inventory of Key Risk Metrics identifying essential key risk metrics
financial
operational
IS/IT
regulatory
keying the metrics to ensure minimum data and maximum risk analysis Engagement-Level Risk Assessment engagement risk determined from the audit plan level
keying in on risk at the engagement level
focusing your evaluation on risk and control
building a risk-based audit program ERM: The New Risk Frontier understanding the role of IA in ERM
identifying new areas of audit concern and involvement
ERM and IA’s symbiotic relationship Reengineering the Audit Process to Make it Truly Risk-Based questioning everything in the current audit process
utilizing multi-purpose risk-based audit tools
establishing a risk basis for everything you audit
focusing your audit on discovering root causal events
narrowing the scope of your audits to focus on only what is risky
creating a highly efficient risk-based reporting format Maximizing on Risk: Internal Audit Opportunity establishing a unique audit role that only you can fill
Provable Value Concept Auditing (PVCA) The Audit Spectrum practice today, tomorrow, the future
progressing toward risk-focused thought process
establishing a strategic risk vision
focusing on the tools of the future: self monitoring Marketing Risk-Based Auditing establishing the key advantages: how to get management buy-in
building the business case
formulating a transition plan
re-educating management and the audit committee Dates &Times Classes start on the date(s) posted herein, and run from 8:30am to 5pm daily, except for the last day of class, which ends at 3pm.
Order:
Risk School
Pricing:$2,063.00
Metropolitan Area:Orlando
Venue:Hilton Orlando Lake Buena Vista 1751 Hotel Plaza Blvd Orlando 770-410-9941
Dates: 12/7/2020 - 12/10/2020 (8:30am - 5:00pm)
Qty: