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Significant Coverage

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

Hong Kong

27 - 29 March 2017

Training Schedule

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:
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

Learning Objectives

 Key Pillars of a Risk Based Audit 

Audit Frameworks

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?

Seasoned Audit Professionals

Seasoned auditors with years of experience will find the technical aspects of this masterclass fascinating and useful.  The latest COSO and IIA practices are explained with case studies.  Additionally, we take auditors into new assessment techniques that allow materiality from controlled threats to be measured. Learn how to state the potential outcome of control failure in a coherent manner.

New Auditors

Those auditors that are new to the vocation of control assessment and governance reporting will learn best practices.  You are also able to become a Certified Risk Based Auditor from the London School of Business.  You will be able to put this credential on your CV and improve you standing among auditors.

Senior and Executive Managers

Learn about what a strong audit should be giving you in your company.  Gain direct insight into the latest techniques being employed by auditors to improve a board's oversight for control and policy governance across the entire enterprise. Learn how operating risks translate to financial outcomes.

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Course Facilitator

Mr.  Martin Davies 

Causal Capital

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.

Course Facilitator

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.

RBA Process

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.

Meet the IIA recommendations

Group Discounts

3 or more delegates

5 or more delegates

10% Savings

20% Savings

Original Price

USD $2960

In-House Training

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!

Frocy Labrador

Head of Sales (Asia)

+65 6221 7919

 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

Public Training

Register | Brochure download

Success Story

Success Story


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 onpractical 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

Why Causal Capital

T: +65 6221 7919 | +65 6221 7939



105 Cecil Street, #22-00, The Octagon Suite 2203, Singapore 069534

Registerd Company No.: 200619120E

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