Risk-Based Internal Auditing

Programme Overview

The Institute of Internal Auditors (IIA) defines risk-based internal auditing (RBIA) as a methodology that links internal auditing to an organisation’s overall risk management framework. RBIA allows internal audit to provide assurance to the board that risk management processes are managing risks effectively, in relation to the organisation’s risk appetite. Thus, internal auditing should serve as a catalyst for improving on organisation’s governance, risk management and controls by proving insights and recommendations based on the analysis of business processes and data. RBIA is an area that is evolving rapidly and where there is still little consensus about the best way to implement it.


Programme Objective

To provide an insight into risk-based internal auditing. By the end of the programme participants will be able to:

  • Learn the standards required for the professional practice of internal audit
  • Learn to identify and assess risks
  • Develop a risk-based audit plan
  • Plan a risk-based audit assignment/engagement
  • Examine how their respective organisations can adopt a risk-based approach to internal auditing
  • Review the readiness of their respective organisations to adopt a RBA
  • Explore their respective organisation’s risk profile and how risk management arrangements can keep up-to-date with changes to the profile
  • Learn how to write top quality risk-based reports


Programme Coverage

  • Risk management within the business
  • Risk objectives and importance
  • Pairing corporate strategies and objectives with risk
  • Understanding various categories of risk
  • Managing risks and assessing internal controls
  • Building a risk culture
  • Understanding risk-based internal auditing
  • The need for senior management and the board to gain full understanding of the organisation’s risks at a holistic level
  • How risk-based internal audit is changing internal audit
  • Creating an organisation-wide risk register
  • Risk-based internal audit development and implementation
  • Creating a fit-for-purpose risk-based internal audit plan for your organisation
  • The risk-based internal audit report


Who Should Attend?

  • Internal auditors in private and public institutions and companies
  • Top management, members of the board audit committee and the board
  • The programme will be of great benefit to all employees of game-changing organisations

Duration: 2 days

Date: 20-21 February and 19-20 August, 2019

Programme fee: N155,999.50 (US$503.23 for foreign participants). Special 10% discount for

groups of 4 or more.