The key objective of this Risk Based Auditing training course is to empower professionals to—

• understand the concept and benefits of risk-based auditing (RBA)
• develop a risk-based internal audit plan aligned with organisational objectives
• identify, assess, and prioritize risks for audit purposes
• plan and execute audit engagements based on risk assessment
• evaluate the effectiveness of risk management and internal control processes
• report audit findings in the context of risk
• add value to the organisation by focusing on high-risk areas
• transition from traditional auditing to risk-based auditing

Solid State Training uses a practical and interactive training methodology. The course is delivered by experienced internal audit practitioners. It includes lectures, workshops on risk assessment and audit planning, case studies, and group discussions. Participants will develop a sample risk-based audit plan. This training follows the Do–Review–Learn–Apply Model.

Organisations whose professionals undertake this training course will benefit in the following ways:

• More effective and efficient internal audit function
• Better alignment of audit with business strategy
• Improved risk management and internal control processes
• Early identification of emerging risks
• Greater value added by internal audit
• Enhanced assurance to the board and audit committee

Professionals opting for this training course will benefit in the following ways:

• Mastery of risk-based auditing concepts and techniques
• Enhanced skills in risk assessment and analysis
• Ability to develop and execute risk-based audit plans
• Improved critical thinking and judgement
• Career advancement in internal audit and risk management
• Confidence to engage with senior management on risk issues