Risk-Based Internal Audit

0,00 $

At the end of the course, participants will be able to:

  • Definition of internal audit in the organization (scope and functions).
  • Types of internal audit tasks related to operations, financial management and quality.
  • How to plan a risk-based audit
  • Applying and testing techniques for identifying risks and controls
  • Determine the best sampling techniques in the internal audit assignment in terms of sample size or sample selection.
  • Choose the appropriate test tools used in internal auditing and mention the advantages and disadvantages of each.
  • Being able to apply internal auditing based on risk analysis in the organization efficiently and effectively.


1- Audit objectives.
2- Audit procedures.
3- Audit standards (general standards – field work standards – report preparation standards).
4- The modern concept of internal auditing.
5- Factors that strengthened the role of internal audit.
6- The development of the concept of internal auditing.
7- The main components of the modern concept of internal auditing.
8- Areas of internal auditing.
9- Types of internal audit.
10- Objectives of internal audit.
11- The stages of internal audit.

1- Risk definitions
2- Definitions of risk management
3- Control frameworks and main risks
4- Criteria for evaluating risk management

1- Definition and Principles
2- Standards and guidelines
3- Anti-fraud program
4- The role of internal audit
5- The internal audit approach
6- Types of fraud
7- The Fraud Triangle

1- Overview, definition, and standards
2- The relationship between governance, risk and control
3- Governance defects
4- Principles of Corporate Governance
5- Principles of governance and work frameworks of the governance committee
6- Audit activities and approaches

1- Overview of the strategy
2- Defining strategic risks
3- Internal audit’s consideration of strategic risks
4- Reviewing accounts related to the strategy
5- Review strategic risks
6- Reviewing strategic operations

1- IIA professional standards for preparing the plan
2- The stages of risk-based auditing
3- Internal control and risk assessment
4- The modern concept of internal control according to the COSO committee
5- The main rules of oversight according to the COSO committee
6- The relationship of risks with the concept of internal control according to the concept of (coso).

1- Determine the risk elements for preparing the plan
2- Building a model for preparing the annual audit plan according to risks
3- Planning and executing internal audit tasks according to risks
4- Preparing a mission plan to carry out audits
5- How is the risk matrix for internal audit tasks prepared?
6- Preparing the work program according to the risk approach

1- Requirements for the sampling method according to the requirements of International Auditing Standard No. 530
2- Concepts and terminology used in the sampling method
3- Entrances to the implementation of revision tests
4- Elements of the review sample
5- Determine the sample size
6- Determine the methods of selecting the items for the sample
7- The method of random selection
8- Evaluation of the results of the sample

1- The nature and purpose of analytical procedures
2- Analytical procedures in planning the audit process
3- Analytical procedures as substantial procedures
4- Analytical procedures at the comprehensive view at the end of the review
5- The extent of reliance on analytical procedures

1- Audit of risk management in the organization: internal audit considerations
2- Evaluation of enterprise risk management
3- The accrual assessment approach
4- Comprehensive evaluation approach

This program is designed for:

  • Financial auditors in auditing and internal control departments in business organizations and their assistants.
  • Directors of departments and heads of auditing and financial control departments.
  • Risk management managers in business organizations.
  • Auditors working for government oversight agencies.