Risk Management Techniques for Internal Auditors
| 21 – 25 Apr. 2025 | Abu Dhabi | 25 – 29 Aug. 2025 | Dubai | 20 – 24 Oct. 2025 | Abu Dhabi |
Course Objectives:
By the end of this course, participants will:
1.Understand the principles and frameworks of risk management and their role in internal auditing.
2.Learn to identify, assess, and prioritize risks in alignment with organizational objectives.
3.Gain skills in designing and implementing effective risk mitigation and control strategies.
4.Develop proficiency in leveraging risk management tools and methodologies to enhance audit processes.
5.Enhance the ability to communicate risk insights and recommendations effectively to stakeholders.
Course Syllabus:
Day 1: Foundations of Risk Management and Internal Auditing
1.Introduction to Risk Management in Internal Auditing
2.Risk Management Frameworks
3.Role of Internal Auditors in Risk Management
4.Workshop: Mapping Organizational Risks to Audit Plans
Day 2: Risk Identification and Assessment
1.Risk Identification Techniques
2.Risk Assessment and Prioritization
3.Identifying Key Risk Indicators (KRIs)
4.Practical Exercise: Conducting a Risk Assessment for a Business Unit
Day 3: Risk Mitigation and Control Strategies
1.Designing Risk Mitigation Plans
2.Evaluating Internal Controls
3.Leveraging Technology for Risk Management
4.Case Study: Designing and Implementing Risk Mitigation Plans
Day 4: Advanced Risk Management Techniques
1.Scenario Analysis and Stress Testing
2.Fraud Risk Management
3.Risk-Based Auditing
4.Workshop: Conducting a Risk-Based Audit
Day 5: Reporting and Continuous Improvement
1.Communicating Risk Insights to Stakeholders
2.Monitoring and Reviewing Risks
3.Sustaining a Risk-Aware Culture
