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Certified Risk Based Auditor (CRBA)

Course Overview

Explore the dynamic world of internal auditing, defined by the Institute of Internal Auditors as “an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.”

What You’ll Gain:

Up-to-Date Insights: Access the latest tips and tools to conduct internal audits efficiently, flexibly, and with a results-oriented focus.

Strategic Alignment: Support your organization’s strategic objectives by enhancing sustainability and fortifying resilience to face future challenges.

Who Should Attend

  • Delegates with some experience in auditing as well as junior auditors or professionals from finance or other departments looking to develop a focused and best practices approach to the internal audit function.
  • Supervisors and managers who are interested in updating, upgrading, and refreshing their knowledge of the internal audit function.

Course Objectives

At the end of this course, participants will be able to:

  • Describe how the GRC system functions
  • Assist in developing a risk-based audit plan
  • Conduct risk based internal audit
  • Increase efficiency and decrease risk
  • Execute different types of internal audits

Course Content

Governance, Risk and internal audit overview

  • Corporate governance
  • Risk management
  • Types of risks in an organization
  • Scope of internal auditing
  • The role of an audit committee
  • Risk management process

Planning the fieldwork

  • Reasons for risk-based audit planning
  • Three stages for implementing risk-based internal audit
    • Stage 1: risk maturity assessment
    • Stage 2: production of the audit plan
    • Assurance requirements from board and management
    • Actions to achieve production of an audit plan
    • Using assurance maps to determine assurance requirements

Conducting audit engagements (Stage 3)

  • Assessing risks: inherent, control, detection, and audit risks
  • Engagement planning
    • Engagement objectives, scope, and criteria
    • Engagement work program
    • Role of internal audit staff
  • Uncover risks during audit engagement
  • Testing management controls
    • Assess design of internal controls
    • Test operating effectiveness of internal controls
  • Summarizing audit conclusions for the audit committee

Types of internal auditing

  • Assurance services: the third line of defense
  • Performance auditing
  • Operational auditing
  • Financial auditing
  • Security and privacy auditing
  • Quality auditing
  • Compliance auditing

Table of Contents

Course Code DU1001 Category
Location: Dubai, UAE
Duration: 5 Days
Language: English
Cost: 15,770 SAR
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