IIT1 - Risk Analysis for Auditors

Seminar Objectives

Those planning Internal Auditing department activities face the recurrent task of allocating expected resources to an apparently ever-expanding universe of demands.

One means to focus limited resources in a structured way is the use of appropriate risk analysis techniques.

This three-day, intensive seminar provides auditors and audit management with a structured approach to risk management and internal risk assessment, risks in computerized systems and the use of computerized risk assessment tools are also addressed.

The seminar is designed to provide the participants with an in-depth knowledge of:

• Risk and its nature in a corporate environment
• Risk analysis and Internal Auditing
• The use of Risk-based auditing as an integrated approach
• Risks within computer systems
• Electronic trading risks
• The Information Systems Risk-based audit approach
• Risk and materiality
• A structured approach to audit risk evaluation
• How to sell Risk-based audits

Seminar Contents

Seminar contents will include:

• The nature of risk
• Internal risk assessment - a framework
• Risk-based auditing - an integrated approach
• Risks in Financial Services Industries
• Computer risks and fraud
• Reducing the risks in electronic interchanges
• The IS Risk-based audit approach
• Audit risk prioritization
• Risk and materiality
• The structured risk approach
• Implementing the approach
• Selling management on risk

Who should attend

The seminar is aimed primarily at auditors, both internal and external, who utilize or wish to utilize a risk-based audit approach.