Risk-Based Auditing
Focusing the Audit Attention on the Things that Really Matter
Course Schedules
Training Course Overview
Risk-Based Auditing Training Course is designed to help internal audit professionals focus their audit attention on the risks that truly matter. While many organizations claim to apply a risk-based audit approach, few fully integrate risk assessment into strategic planning and audit execution to deliver measurable value.
This course provides a structured framework for developing a strategic, risk-driven audit plan aligned with enterprise risk management (ERM) processes. Participants will learn how to prioritize audit activities, align audit programmes with risk registers, and coordinate effectively with other assurance providers.
Through practical tools, templates, and real-world case studies, delegates gain the skills to challenge management’s risk evaluations, assess risk appetite, and ensure that inherent, residual, and target risks are clearly identified. By completing this Risk-Based Auditing Course, participants will enhance assurance quality, improve audit efficiency, and deliver financially measurable value to their organization.
Training Course Objectives
Risk-Based Auditing Course aims to strengthen participants’ ability to plan and execute audits based on key organizational risks. This training course equips professionals with practical tools to align audit strategy with enterprise-wide risk management frameworks.
By the end of this training course, participants will be able to:
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Deliver measurable financial and operational value through a structured risk-based audit approach
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Audit major business risks confidently using integrated risk assessment techniques
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Challenge management’s risk evaluation by distinguishing inherent, residual, and target risks
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Evaluate organizational risk appetite and assess whether it is effectively managed
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Develop strategic and annual audit plans aligned with risk priorities
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Plan and execute risk-based audit assignments efficiently using proven methodologies and tools
Designed for
Risk-Based Auditing Training Course is ideal for professionals seeking to fully understand or enhance their risk-based audit approach. It is particularly beneficial for those responsible for audit planning, risk assessment, and assurance coordination.
This course will benefit:
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Heads of Audit
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Audit Managers
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Senior Auditors and Team Leaders
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Auditors developing or implementing a risk-based audit framework
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Compliance and Quality Assurance professionals strengthening their risk-based approach
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Managers and Directors seeking deeper insight into risk-based auditing practices
Participants will gain practical expertise to improve audit prioritization, strengthen risk oversight, and align assurance activities with strategic objectives.
Learning Methods
Risk-Based Auditing Course uses dynamic and practical learning techniques to ensure strong knowledge retention and immediate workplace application. Participants engage in interactive exercises, structured case studies, and step-by-step workshops covering strategic audit planning and risk-based audit execution.
The training incorporates brainstorming sessions, worked examples, and group discussions to simulate real audit scenarios, including complex activities such as projects, joint ventures, and environmental audits. Delegates receive valuable electronic tools and templates that can be immediately applied within their organizations.
This hands-on methodology ensures participants leave with practical frameworks, enhanced confidence in risk assessment, and the ability to deliver integrated, value-driven risk-based audits.
Course Content
Risk Based Auditing in the Modern Era
- The modern risk-based audit (RBA) approach
- How risk-based audit has changed the face of auditing
- The importance of dealing with the audit risks not just the business risks
- RBA and ERM (Enterprise risk management)
- The ISO 31000 international risk standard
- Auditing strategic risks
Evaluating the ERM (Enterprise Risk Management) Process
- Risk Workshops
- Other methods of risk identification (including root cause analysis and Monte Carlo analysis)
- Assessment of Risk Mitigation
- Determining the preventative, detective and corrective controls
- Auditing the ERM process
- Assessing the Key risk indicators
Risk Based Audit Planning
- The Internal audit strategy
- The audit Universe
- Preparing a strategic audit plan
- RBA KPI’s
- Developing the annual plans
- The use of audit technology (CAAT’s)
Risk Based Auditing in Practice
- Planning a risk-based audit (Initial brainstorming)
- The risk-based audit step by step
- The RBA programme – worked example
- The RBA deliverables
- Monitoring of action plans
- Determining an audit risk and control assessment
Risk Based Audits of Complex Activities
- Auditing brand and reputation
- Risk based audit of projects
- Reviewing joint ventures
- Environmental auditing
- Auditing the marketing function
- Auditing performance management
The Certificate
- Anderson Certificate of Completion for delegates who attend and complete the training course
In Partnership With
Learn more about this course
Yes. The Risk-Based Auditing training course can be customised and delivered exclusively for organisations seeking a tailored learning solution. Course content can be adapted to address specific business objectives, operational challenges, industry requirements, and organisational priorities. Customised training allows teams to focus on the topics most relevant to their roles while supporting wider organisational development goals.
No. The Risk-Based Auditing training course is open to professionals from a wide range of backgrounds and experience levels. The course content is structured to provide value to both those who are new to the subject and experienced practitioners seeking to deepen their expertise. While some prior knowledge may enhance understanding of certain concepts, it is not a requirement for participation
The Risk-Based Auditing training course uses a variety of learning approaches to maximise participant engagement and knowledge retention. These may include expert-led presentations, practical exercises, case studies, group discussions, scenario-based activities, and collaborative learning opportunities. This approach encourages active participation and helps participants translate learning into practical workplace results.
The Risk-Based Auditing training course is suitable for professionals who want to expand their knowledge, strengthen their practical skills, and improve their effectiveness within their current or future roles. It is valuable for managers, team leaders, supervisors, specialists, consultants, and professionals seeking to stay current with industry developments and best practices. Whether your goal is career advancement, improved decision-making, or enhanced workplace performance, this course provides relevant knowledge and practical insights to support your professional ambitions.
If you would like additional information about the Risk-Based Auditing training course, our professional support team is available to assist with course enquiries, registration guidance, group bookings, and customised training requirements. We are committed to helping you identify the most suitable learning solution for your professional development goals.
- Phone / WhatsApp: +971 56 431 1661
- Email: [email protected]
- Website: anderson.ae
Participants attending the Risk-Based Auditing training course gain access to valuable industry insights, practical techniques, and internationally recognised best practices. The course helps professionals improve performance, strengthen confidence, broaden their perspective, and develop skills that contribute to both personal and organisational success. It also provides an excellent opportunity to exchange ideas and experiences with professionals from diverse sectors and backgrounds.
The Risk-Based Auditing training course combines practical knowledge, current industry practices, and expert guidance to create a highly relevant learning experience. Rather than focusing solely on theory, the course emphasises practical application, enabling participants to develop skills and approaches that can be implemented directly within their organisations. This balance of knowledge and practical relevance helps participants achieve meaningful and lasting professional impact.
Yes. Participants who successfully complete the Risk-Based Auditing training course will receive a Anderson Certificate of Completion, demonstrating their commitment to professional development and continuous learning. This certificate provides formal recognition of the knowledge and skills gained during the course and can support professional growth and career progression.
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