Advanced Risk Based Auditing Program

This DIXONTECH course empowers participants with advanced tools and strategies to perform Risk-Based Auditing (RBA) effectively. The training integrates global best practices and internal audit standards, emphasizing risk identification, assessment, and mitigation within audit planning and execution. Delegates will gain deep insights into using risk management frameworks to enhance assurance, governance, and control effectiveness across complex organizational structures.

TRAINING TOPICS

• Risk-Based Internal Audit Frameworks
• Risk Assessment and Prioritization Techniques
• Integrating ERM and Internal Audit
• Audit Planning and Resource Allocation
• Advanced Audit Execution Techniques
• Audit Analytics and Data-Driven Insights
• Reporting and Communicating Audit Results
• Continuous Audit and Monitoring Systems
• Emerging Risks and Future of Auditing

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO:

• Apply advanced risk-based audit methodologies
• Integrate ERM with internal audit processes
• Evaluate and mitigate high-level organizational risks
• Design data-driven audit frameworks
• Communicate audit outcomes effectively
• Strengthen internal control environments
• Monitor risk indicators continuously
• Enhance audit quality and assurance value

TRAINING IS TAILORED TO

• Chief Audit Executives and Audit Managers
• Risk and Compliance Professionals
• Internal Auditors and Audit Supervisors
• Governance and Control Officers
• Corporate Risk Analysts
• Financial Controllers
• Quality and Assurance Managers
• Senior Consultants and Advisors

TRAINING METHODOLOGY

The training combines interactive workshops, real-world case studies, and simulation exercises. It leverages risk assessment tools, audit planning templates, and analytical dashboards. Participants will work on real audit scenarios to apply RBA frameworks and receive practical feedback through group discussions and performance-based evaluations.

DAY 1

FOUNDATIONS OF RISK-BASED AUDITING

• Understanding the evolution of risk-based auditing
• Key principles and objectives of RBA frameworks
• Risk maturity levels and audit strategy alignment
• Governance, risk, and compliance integration (GRC)
• Risk appetite, tolerance, and exposure mapping
• Internal control systems and COSO framework
• Understanding organizational risk profiles
• Linking strategic objectives to audit priorities

DAY 2

RISK IDENTIFICATION AND ASSESSMENT TECHNIQUES

• Identifying inherent and residual risks
• Using qualitative and quantitative risk assessments
• Evaluating operational, financial, and compliance risks
• Heat maps and risk prioritization models
• Data-driven tools for risk visualization
• Risk scoring and weighting methodologies
• Correlation of key risk indicators (KRIs)
• Developing risk-based audit universes

DAY 3

AUDIT PLANNING AND EXECUTION EXCELLENCE

• Structuring the audit plan and resource allocation
• Developing annual risk-based audit plans
• Sampling strategies in risk-based audits
• Root cause analysis and risk diagnostics
• Control testing and validation procedures
• Automation tools for audit efficiency
• Aligning audit findings with organizational strategy
• Best practices in audit documentation

DAY 4

AUDIT REPORTING, COMMUNICATION, AND ASSURANCE VALUE

• Structuring effective risk-based audit reports
• Communicating findings to senior management
• Rating and prioritizing audit observations
• Tracking audit recommendations and follow-ups
• Enhancing audit committee engagement
• Using dashboards for visualization and insights
• Measuring audit impact and value delivery
• Building a culture of risk accountability

DAY 5

EMERGING RISKS AND FUTURE OF AUDITING

• Integrating ESG and cyber risk in audits
• Adopting AI and analytics for continuous auditing
• Risk monitoring through automated dashboards
• Future trends in governance and assurance
• Data ethics and digital audit integrity
• Real-life case studies and simulations
• Continuous improvement in RBA methodology
• Certification assessment and closing session