Finance is the study of how people allocate their assets over time under conditions of certainty and uncertainty.
Banking can be defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit.
Course Title: Risk Based Auditing
Venue: Mombasa, KENYA
Learning Duration: 2 Weeks
Starting: 22 Oct 2018 Ending: 2 Nov 2018
Fees: 1500 USD
Payment Details: To cover tuition and training materials only.
Faced with growing challenges in the management of organisations, the field of auditing has changed over time. Risks characterize the conduct of business today, and some of these threaten business survival. Organisations have to respond to the many challenges on a timely basis. Managers are expected to re-affirm their organization’s financial commitment, dedication to growth, success and focus to meet their objectives. They need to be constantly assessing the risks associated with changes taking place in business arena and mitigate against them. A strong internal control system (ICS) becomes a necessity and not a choice. Auditors need to audit what matters in the organisation. The starting is by carrying out risk based audit supported by a functioning audit function.
WHO SHOULD ATTEND?
Finance managers, internal auditors, accountants, risk managers and officers interested in hands-on skills in risk based auditing.
HOW PARTICIPANTS WILL BENEFIT
At the end of the course participants will be able to:
Describe the risk management process;
Demonstrate the link between audit risk and audit plan;
Appreciate the role of audit in risk management;
Analyse the control and risk frameworks;
Appreciate the benefits of proactive risk management;
Develop and implement a risk based audit plan;
Carry out a risk based governance audit.
Overview of audit;
Objectives and independence of internal audit;
Control and risk frameworks;
Enterprise risk management and the role of internal audit;
Risk based internal auditing: readiness check and KPI’s;
Risk based auditing planning, tools and techniques;
Risk based auditing and IT;
Risk based audit: challenges and recent development;