Using Risk Assessment to Build Individual Audit Programs: Risk Assessments and Strategic Plans

Length: 2h 42m modules icon

Modules: 4 episodes icon

Episodes: 10On DemandAdvanced5 CPE Hours

Course Overview

In this course, participants will learn how to use risk assessment techniques and principles to build and conduct risk-based and value-added audit programs. It explores progressive approaches to assessing risk and determining the most appropriate strategies to build targeted audit programs for organizations and audit units. Attendees will learn how to build audit programs that will encompass an evaluation of a wider spectrum of risks: financial, information systems, regulatory and compliance, human resources, health & safety, operational effectiveness and efficiency, and reputational risks. Through case studies and other interactive approaches, participants will have an opportunity to be hands-on in working through various scenarios. Finally, participants will learn effective approaches to include sustainable risk-mitigation and corrective action strategies in the report and ongoing monitoring efforts. Attendees will emerge from this course with a toolbox of proven implementable approaches that will enhance any internal audit function to generate high-value and high-impact outcomes. This course focuses on the uses and users of risk assessments, and how risk assessments...

Prerequisites

None

Advanced Preparation

None

ACI Learning is registered with NASBA

ACI Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/

Attendance policy for on-demand, self-paced training

Students enrolled in on-demand, self-paced courses are expected to take an active role in their learning by progressing through the course materials in a timely and consistent manner. Because these courses are self-directed, full completion of all modules, videos, labs, and assessments with a passing score of 70 are required to receive credit and any applicable CPEs. Learners are encouraged to set a regular study schedule to stay on track and maximize comprehension. CPE credits will be awarded based on the total course hours and verified completion of all required activities.