Advanced Audit - Risk Management: Mastering Modern Techniques Event, 05.May.2025

Course Description

This advanced course equips auditors with cutting-edge risk management techniques and strategies. Participants will learn to develop comprehensive risk-based audit plans, evaluate complex risk scenarios, and implement effective risk mitigation strategies. The course emphasizes practical application through real-world case studies and interactive exercises.

Learning Objectives

• Develop and implement advanced risk-based audit methodologies
• Enhance strategic audit planning and risk assessment techniques
• Evaluate and improve organizational risk management processes
• Apply advanced data analytics for risk identification and assessment
• Integrate emerging risk management trends into audit practices

Course Modules

Day 1: Foundations of Advanced Risk-Based Auditing

• Evolution of risk-based auditing
• Advanced risk assessment methodologies
• Integrating risk management frameworks (COSO ERM, ISO 31000)
• Developing a risk-based audit universe

Day 2: Strategic Audit Planning and Risk Assessment

• Advanced audit planning techniques
• Risk prioritization and mapping
• Scenario analysis and stress testing
• Aligning audit plans with organizational objectives

Day 3: Advanced Risk Management Techniques

• Emerging risks and their impact on auditing
• Cybersecurity and IT risk management
• Environmental, Social, and Governance (ESG) risk considerations
• Fraud risk assessment and prevention strategies

Day 4: Data Analytics in Risk-Based Auditing

• Advanced data analytics tools and techniques
• Continuous auditing and monitoring
• Predictive risk modeling
• Data visualization for risk reporting

Day 5: Implementing and Communicating Risk Management Strategies

• Developing effective risk mitigation strategies
• Enhancing risk culture and awareness
• Advanced risk reporting techniques
• Communicating with stakeholders and audit committees

Practical Wins for Participants

• Create a comprehensive risk-based audit plan for your organization
• Develop a customized risk assessment matrix
• Design an advanced data analytics dashboard for risk monitoring
• Craft a strategic risk communication plan for senior management