DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ssqbhd/risk_based) has announced the addition of the "Risk Based Internal Auditing (RBIA): 2-day Comprehensive Training Workshop (September)" conference to their offering.
The Institute of Internal Auditors defines Risk Based Internal Auditing (RBIA) as a methodology that links internal auditing to an organization's overall risk management framework. RBIA allows internal audit to provide assurance to the board that risk management processes are managing risks effectively, in relation to the risk appetite.
But every organization is different. There are different attitudes to risk, different management and organizational structures, different processes and procedures, and the need to subscribe to and comply with different conventions and regulations. Experienced internal auditors need to adapt these ideas to the structures, processes and language of their organization in order to implement RBIA.
Implemented correctly, RBIA offers tremendous advantages to the organization. RBIA allows internal audit to provide the Board of Directors with the assurance that it needs on three areas:
- Risk management processes - their design and how well they are working
- Management of those risks classified as 'key' - including the effectiveness of the controls and other responses to them
- Complete, accurate and appropriate reporting and classification of risks
Key Topics Covered:
Day One (8:30 AM - 4:30 PM)
What is Risk Based Internal Auditing?
Risk Based Internal Auditing - Background
Risk Management Understanding Risk
Understanding COSO
Basic concepts of risk management
ERM - Enterprise Wide Risk Management
Risk Maturity
Using a Risk Based Internal Audit (RBIA) Methodology
Day Two (8:30 AM - 4:30 PM)
Stages of RBIA
Model Process for Assessing & Evaluating Risks
Risk Assessment Tools
Internal Audit Process
The process covered includes;
Case Study - How the RBIA methodology is applied.
Comparing the Two Methodologies
The speaker will compare RBIA methodology to the regular audit methodology. These methodologies will be examine in terms of;
For more information visit http://www.researchandmarkets.com/research/ssqbhd/risk_base
