Risk Based Internal Auditing course
Course Overview
| Course Title | Risk Based Internal Auditing course |
| Organization | Tech For Development (T4D) |
| Venue | Tech For Development (T4D) Training Center along Tala Road, Runda, Nairobi |
| Duration | 5 days |
| Target Industries |
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| Target Job Roles |
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| Course Fees (Face-to-Face) | USD 1,100/KES 75,000 (Exclusive of VAT) |
| Course Fees (Virtual) | USD 1,000/KES 70,000 (Exclusive of VAT) |
| Training Modes | Virtual and face-to-face training |
| Payment | Payment should be made to the Tech For Development (T4D) bank account on or before the start of the course |
| Accreditation | Tech For Development Certificate of Course Completion |
Course Overview
Meet the training requirements for internal auditors for Management Systems through training in the principles and current interpretation of the requirements as related to IFRS. The course provides students with a uniform interpretation of the standard requirements related to auditing of Organizational Management Systems. Learn critical knowledge for your staff and management and qualify additional staff to conduct internal audits.
Duration
5 Days
Organizational Impact
- Enhances risk awareness and proactive management across the organization.
- Aligns internal audit with corporate strategy and enterprise risk management (ERM).
- Improves governance, compliance, and accountability.
- Strengthens stakeholder confidence in organizational processes.
- Optimizes resource allocation by focusing audits on critical risk areas.
Personal Impact
- Builds expertise in modern risk-based auditing approaches.
- Strengthens analytical, risk assessment, and audit planning skills.
- Enhances credibility as a trusted advisor within the organization.
- Improves ability to link risks with controls and organizational objectives.
- Expands career opportunities in internal audit and risk management.
Target Audience
- Internal auditors
- Accountants
Course Objectives
- Understand the principles and framework of risk-based internal auditing.
- Learn how to conduct effective risk assessments and prioritize risks.
- Develop skills to design and implement risk-based audit plans.
- Gain proficiency in evaluating risk management, governance, and controls.
- Apply RBIA techniques to real-world organizational contexts through case studies.
Course Modules
Course Outline
Module 1: Fundamentals of Risk-Based Internal Auditing
- Introduction to internal auditing and its evolving role.
- Core principles and framework of RBIA.
- Differences between traditional auditing and RBIA.
- Benefits and challenges of adopting RBIA in organizations.
- Case Study: Transitioning from compliance-focused auditing to risk-based auditing.
Module 2: Risk Assessment and Prioritization
- Identifying organizational risks: strategic, operational, compliance, and financial.
- Techniques for risk assessment (qualitative and quantitative).
- Risk prioritization tools: risk matrix and heat maps.
- Linking risks to organizational objectives and performance indicators.
- Case Study: Developing a risk register and prioritization framework for a manufacturing company.
Module 3: Developing the Risk-Based Audit Plan
- Steps in creating a risk-based internal audit plan.
- Aligning audit coverage with organizational strategy and risk appetite.
- Audit universe and resource allocation considerations.
- Approval and communication of the audit plan to stakeholders.
- Case Study: Designing a one-year risk-based audit plan for a financial institution.
Module 4: Executing Risk-Based Audit Engagements
- Planning audit engagements based on assessed risks.
- Gathering and analyzing risk-related evidence.
- Testing controls and evaluating risk mitigation strategies.
- Reporting risk-focused audit findings and recommendations.
- Case Study: Conducting a risk-based audit engagement on IT security risks.
Module 5: Monitoring, Reporting, and Continuous Improvement
- Monitoring and follow-up of audit recommendations.
- Communicating risk insights to management and the board.
- Integrating RBIA with enterprise risk management (ERM).
- Leveraging data analytics and technology in RBIA.
- Case Study: Implementing a continuous improvement cycle for RBIA in a public sector organization.
Course Administration
Methodology
Instructor-led sessions use a blended learning approach combining presentations, guided practical exercises, web-based tutorials, and group work, delivered by seasoned industry experts. All facilitation and course materials are in English, so participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued a Tech For Development Certificate of Course Completion certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at the Tech For Development Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation & Airport Transfer
Arranged upon request.For reservations contact the Training Officer:
Email: [email protected]
Phone: (+254) 790 824 179
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our T4D Training Centre or at a convenient location.
Payment
Payment should be transferred to the T4D account through a bank on or before the start of the course. Send proof of payment to [email protected].
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