Risk-Based Auditing Methodology

Risk-based auditing represents the modern approach to internal auditing, focusing audit efforts on areas of highest risk and significance to the organization. This course teaches participants how to integrate risk management principles into all phases of the audit process, from planning through execution and reporting. Attendees will learn various risk assessment techniques, risk identification methods, and how to prioritize audit activities based on risk analysis. The methodology ensures that audit resources are deployed where they can provide the greatest value and protection to the organization. Participants will leave with practical skills to implement risk-based auditing in their organizations immediately.