Establishing a Methodology for Risk Based Auditing
Original price was: $49.99.$14.99Current price is: $14.99.
What you will study
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Identify among the numerous challenges inner audit could face when trying to execute upon danger primarily based auditing.
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Explore alternate options to figuring out danger urge for food and danger tolerance to make the most of inside danger primarily based auditing.
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Evaluate the event and utilization of a number of danger administration traits when figuring out danger tolerance.
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Explore pattern scoring strategies to use to danger primarily based auditing.
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Learn how you can conclude your evaluation for danger primarily based auditing.
The Institute of Internal Auditors defines danger primarily based inner auditing (RBIA) as a methodology that hyperlinks inner auditing to a company’s total danger administration framework. RBIA permits inner audit to supply assurance to the board that danger administration processes are managing dangers successfully, in relation to the danger urge for food.
RBIA is on the reducing fringe of inner audit apply. It is an space that’s evolving quickly and the place there may be nonetheless little consensus about the easiest way to implement it. Executing on true danger primarily based inner auditing requires greater than an annual danger evaluation for the inner audit plan. It requires a pre-established methodology that features defining the group’s danger urge for food and danger tolerance using measurements that embrace facets of economic, compliance and operational metrics. In addition, inner audit should be able to put apart their typical checklists and customary work packages. True danger primarily based inner auditing goes far past setting the annual audit plan. It incorporates cascading the method by way of to every particular person audit in addition to the audit reporting course of.
If you prefer to Continuing Education Credit (e.g. CPE, CE, CPD, and so forth.) for this course, it’s obtainable in the event you take this course on the Illumeo dot com platform underneath course title: Risk Based Auditing – Establishing a Methodology. Illumeo is licensed to supply CPE in over two dozen totally different skilled certifications protecting finance, accounting, treasury, inner audit, HR, and extra. However, with a view to obtain CPE credit score the programs should be taken on an ‘approved-by-the-governing-body’ CPE platform, and for over two dozen company skilled certifications, that’s the Illumeo platform. Go to Illumeo dot com to study extra.
Who this course is for:
- Anyone curious about finance, accounting, or associated fields.
10 reviews for Establishing a Methodology for Risk Based Auditing
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Original price was: $49.99.$14.99Current price is: $14.99.
Susan Leslie Herbert-Truskowsky –
There was a lot of info so more examples would be helpful.
Mahmood Anwar –
The instructor summarily presented the key concepts of RBIA. The course can be improved with more real-word examples and case studies to enable swift application to business environment.
Patricia Liesering –
Information overload. A bit difficult to get at times
Kln Murthy –
There is no example for the theory explained
Awn Ahmad –
So far it’s going good.
Adeniyi A OLATUNJI –
Quite interesting and informative
Rosalyn Mapacpac –
The course is short but easy to comprehend. Back to basic steps on how to effectively plan, execute risk-based auditing approach.
Jose Alejandro Gonzalez Quiroga –
Las traducciones son deficientes.
Carla Germain –
I’ve been an accountant for over 20 years and have taken many many many courses on risk management and risk based auditing over the years. I’m only half way through, but I am SO amazed just how concise and easy to understand this course is. The examples and slides provided were also very helpful. I am thrilled that it is only 1.5 hours as well. I have taken other Udemy courses before, but this is the first one I have left a review for and would recommend to colleagues.
Sathyananda Prabhu –
could be made more to the point