in your Assessments
" A certified deep dive masterclass that walks auditors through the journey of a Risk Based Audit from start to finish.
You will improve the quality, coverage and significance of your audits after attending this highly practical workshop "
- Martin Davies, Course Facilitator
27 - 29 March 2017
This 3 Day Risk Based Audit Masterclass has been designed for auditors to take them through the various steps required to perform a complete best practice Risk Based Audit. This workshop investigates and develops the knowledge of auditors in the context of risk. It will show attendees how to apply risk assessment processes in an operational audit.
This course is worth 24 CPE credit points by field of study:
Business Mgmnt & Org:
2 CPE points
6 CPE points
10 CPE points
4 CPE points
2 CPE points
This course is certified by:
Causal Capital Pte Ltd is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
National Registry ID #138370. In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.
Certified Risk Based Audit
Key Pillars of a Risk Based Audit
Detailed Control Assessment
Sampling & Audit Reports
Design taxonomy to frame assessments
ISO 31000 front to back
New release of COSO applied to audits
Assess Risk Appetite in an audit context
Road map for Risk Based Audit explained
How to plan a Risk Based Audit
Map a business unit for an audit
Develop a risk registry to audit against
Capture control network factors
ISO 31010 audit assessment techniques
Bowtie, SNEAK, Fault Trees explained
Root Cause Analysis Case Study
Develop a CSA questionnaire
Assess material risks with Monte Carlo
New audit score techniques explained
Connect operating audits to finance
Explore new audit heat maps
Report coverage & governance in audits
Go beyond three lines of defense
Develop new coverage sampling methods
Case Study Transaction Auditing
Case Study Control Factor Reporting
Continuous Risk Based Audit Explained
Review leading best practice audit reports
Build a Risk Based Audit database
Build a Risk Based Audit dashboard
Become certified by LSBF
Who is suitable for this?
Mr. Martin Davies
Risk Framework Architect
Martin is a Subject Matter Expert in risk management and audit who has been working across the space of risk assessment for years.
He has experience with incident investigations, control assessments and audit scoring frameworks that are sensitive to the material nature of a business unit being audited. Martin has worked with banks from Australia, right through the emerging markets Asia and into the gulf. Away from the banking sector he has deep experience developing risk and audit frameworks for manufacutring companies that are enterprise wide.
Martin develops reporting methods from the ground up and is skilled in developing analytics systems for auditors. In this program he will show attendees how to design an interactive heat map, how to assess leading factors that potentially drive loss using new Discriminant Analysis audit techniques. All work Martin develops in the masterclass will be open and can be applied in the workplace by auditors after the masterclass is completed.
Meet the IIA recommendations
Meet the IIA recomendations with this program.
Auditors will ...
Improve the quality of their audits
Be more effective with the coverage of their audit reports
Generate audit reports which are significant to most recent threats
IIA on Risk Based Audit
Richard Chambers, President of The Institute of Internal Auditors discusses the importance of moving internal audit functions to a Risk Based Audit.
The course facilitator, Martin Davies, will walk through this very easy to follow RBA process that has been designed to help auditors move into a Risk Based Audit with ease.
Participants will receive this white paper and a detailed book on Risk Based Audit.
3 or more delegates
5 or more delegates
Have a team to train?
Have a requirement to run the course internally?
Hold an in-house course at your convenience, with customised course outlines and specific industry case studies. We can adapt this training to meet your exact needs.
Contact us to find out more!
Ask your advisor a question
Early Bird Discounts
Register at least 2 months prior
Register at least 1 month prior
Save USD $400
Save USD $200
WHY CAUSAL CAPITAL?
Competency training is a new and targetted way to deliver not just knowledge but know how to attendees that maximises their learning.
We lift the technical competency profile of staff so that they can make a true commercial difference to the companies they work for.
Nina Singh | Causal Capital Product Inteligence
Causal Capital has a really strong reputation for delivering quality training programs where participants' learning lasts years after the knowledge transfer has begun. We develop cutting edge masterclasses that addresses the real business problems our attendees face in their day to day work. Our learning is enjoyable, highly instructive, practical and easy to follow and we lift CV of our candidates to a best practice technical level.
All programs are hands on, practical and easy to follow
Materials are available in hard and electronic format
Attendees gain lifetime membership to portal libraries
Technical aspects are explained with real life examples
All our programs come with post workshop support
Real problem solving ... Bring your business problem along