The Fundamentals Of Risk-Based Auditing
Last updated 8/2017
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 219.12 MB | Duration: 1h 18m

This course is designed to prepare the auditor to fully embrace the risk based audit methodology concept.
What you'll learn
Explore Risk over the past decade.
Recognize the benefits of Risk Based Auditing.
Explore Risk Based Auditing (RBA) and recognize the purpose of Internal Auditing (IA).
Recognize the Risk Based (RB) Imperative.
Requirements
No advanced preparation or prerequisites are needed for this course.
Description
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.
Many internal audit groups attempt risk based auditing but often find that some aspects are difficult to deploy within their own organizations. This occurs due to the lack of standard understanding of the various techniques used in risk based auditing and the true intent and advantages associated with the process. To be able to effectively develop a risk based auditing methodology and then to employ it within your organization, you must understand the premise behind the concept and the advantages and challenges it will bring. This course is designed to prepare the auditor to fully embrace the risk based methodology concept.
If you would like Continuing Education Credit (e.g. CPE, CE, CPD, etc.) for this course, it is available if you take this course on the Illumeo dot com platform under course title: Understanding Risk-Based Auditing. Illumeo is certified to provide CPE in over two dozen different professional certifications covering finance, accounting, treasury, internal audit, HR, and more. However, in order to receive CPE credit the courses must be taken on an 'approved-by-the-governing-body' CPE platform, and for over two dozen corporate professional certifications, that is the Illumeo platform. Go to Illumeo dot com to learn more.
Overview
Section 1: Introduction
Lecture 1 Introduction to Understanding Risk Based Auditing
Lecture 2 Examining Risk Over The Past Decade
Lecture 3 Why RBA?
Lecture 4 Maturing to RBA
Lecture 5 Traditional Approach Challenges
Lecture 6 Expanding Role
Lecture 7 RBA and Purpose of IA
Lecture 8 Understanding Risk Imperative
Lecture 9 Understanding Risk Based Auditing
Lecture 10 Imperative 4
Lecture 11 Imperative 5
Section 2: Supporting Materials
Lecture 12 Slides: Understanding Risk Based Auditing
Lecture 13 Understanding Risk Based Auditing Glossary Index
Section 3: Review and Test
Anyone interested in risk management, accounting, or related fields.
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