Risk-Based Auditing

Upcoming Sessions

Classroom sessions
Online sessions

Course Introduction

Many internal audit teams claim to use a risk-based approach, but few have fully integrated it into their audit cycle to produce measurable and strategic value. This Risk-Based Auditing training course is designed to help you bridge that gap and strengthen the effectiveness of your audit function.

By attending this training course, you will learn how to build a strategic audit plan that clearly defines what to audit, why it matters, and how frequently it should be reviewed. You will also be guided on how to deliver integrated risk-based audit assignments that directly link to your organisation’s risk landscape, improving the quality and relevance of assurance.

This training course will feature:

  • A globally recognised strategic audit planning tool that simplifies audit prioritisation and is easy to present to senior management
  • Methods to identify over-managed risks during audit engagements
  • Techniques to align audit programmes with risk registers for better integration
  • Guidance on coordinating audit plans with other assurance providers within the business
  • A step-by-step approach to completing a risk-based audit
  • Strategies to challenge management’s risk evaluation and strengthen assurance

Objectives

By the end of this training course, participants will be able to:

  • Generate financially measurable value from the risk-based audit process
  • Audit major risk areas within the organisation with greater confidence
  • Challenge the risk process by ensuring inherent, residual, and target risk are clearly identified for each event
  • Evaluate business risk appetite and confirm it is being managed effectively
  • Plan risk-based audit assignments efficiently and with clear purpose

Training Methodology

This dynamic COPEX training course uses a mix of interactive learning techniques to ensure high engagement and strong retention of the material. Participants will be involved in practical exercises and real-life case studies to apply the tools and techniques in a realistic audit environment.

A series of practical tools and templates will be shared in electronic format, allowing attendees to immediately implement the methods learned in their workplace. The course is designed to be hands-on, ensuring participants can confidently use the risk-based audit approach after completion.

Who Should Attend?

This Risk-Based Auditing training course is ideal for anyone who wants to understand or enhance their risk-based audit approach. It is suitable for professionals who are responsible for designing, implementing, or improving risk-based audit practices within their organisation.

This training course is especially beneficial for:

  • Heads of Audit
  • Audit Managers
  • Senior Auditors and Team Leaders
  • Auditors responsible for developing or implementing a risk-based audit approach
  • Assurance professionals in Compliance and QA functions
  • Managers and Directors of business functions who want to understand risk-based auditing

Course Outline

Day 1: 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

Day 2: 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

Day 3: 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)

Day 4: 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

Day 5: 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

Certificate

  • COPEX Certificate of Attendance will be provided to delegates who attend and complete the course

Material published by Copex shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Whats Makes Copex Courses Unique?

COPEX Training is your gateway to professional growth, with over 20 years of experience turning potential into success. Each year, we deliver over 1,000 courses in 50+ countries, earning a stellar 98% satisfaction rate. Trusted by global giants like BP, the United Nations, and HSBC, we partner with top certification bodies to provide career-focused training that empowers individuals and drives organizational breakthroughs. Our mission? To transform the way professionals learn and grow in today’s fast-changing industries. Through expert insights, cutting-edge methods, and hands-on approaches, we equip you with the skills and confidence to tackle challenges, seize opportunities, and thrive in your career.

Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.

Related Categories

Finance & Accounting

Frequently Asked Questions

This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.

Yes, and we'd love to make that happen. COPEX  specialises in fully customised in-house training, adapting course content to align with your organisation's unique goals, culture, and industry demands. Get in touch with us directly and we'll craft the right solution for your team.

Yes, the choice is yours. The Risk-Based Auditing Training Course  runs in a traditional classroom setting across various international locations, and it's also available as a live online programme for those who prefer to learn from wherever they are. Pick the format that fits your lifestyle and schedule best.

Not at all. The Risk-Based Auditing Training Course doors are open to everyone, regardless of your background or how many years you've been in the industry. That said, having some familiarity with the subject area can help you get even more out of the experience.

Our team is available around the clock — 24 hours a day, 7 days a week — ready to answer any question you have. Whether you need help choosing the right course, completing your registration, or sorting out logistics, we're here for you.

Expect an engaging, hands-on journey — not a room full of slides and passive listening. COPEX’s delivery blends presentations with group discussions, real-world case studies, practical exercises, and collaborative workshops. The goal is simple: everything you learn, you can use immediately back at work.

You'll be in good hands. COPEX hosts its courses in premium 4-star and 5-star hotels, with professional, fully equipped training spaces designed for focus and comfort. Throughout each day, you'll enjoy refreshment breaks with coffee and snacks, plus a complimentary lunch following every session.

This Risk-Based Auditing Training Course welcomes professionals from all walks of corporate life — whether you're a seasoned manager, an emerging team leader, a subject-matter specialist, or simply someone driven to grow in their field. If you're serious about advancing your career and deepening your expertise, this course was built with you in mind.

Absolutely. Every participant who successfully completes the Risk-Based Auditing Training Course earns an COPEX Certificate of Completion — a recognised mark of professional achievement. Depending on the specific course, it may also qualify for Training credits, which will be clearly noted in the course details.

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We can customize this training course for you!

At Copex Training, we offer customizable courses designed to fit your specific needs. whether it's refining procurement practices or enhancing leadership and management skills, we tailor our programs to meet your unique goals and challenges. Let us create a training solution that delivers real results for your team.

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