Risk Based Internal Auditing (RBIA): 2-day Comprehensive Training Workshop

Course Description:

Risk Based Internal Auditing (RBIA) is defined by the Institute of Internal Auditors (IIA) as “a methodology that links internal auditing to an organization’s overall risk management framework”. RBIA allows internal audit to provide assurance to the bank’s/ organization’s board that various risk management processes are managing risks effectively, in relation to the risk appetite of the bank/ organization.

However every organization is different with different attitudes to risk, different management and organizational structures, different processes and procedures, and the need to subscribe to and comply with diverse conventions and regulations. Experienced internal auditors need to adapt these ideas to the structures, processes and language of their organization in order to implement RBIA.

Learning Objectives:

By using the RBIA approach, the organization’s internal audit should be able to conclude that:

• Management has identified, assessed and responded to risks within and beyond the organization’s risk appetite
• That the responses to risks are effective but not excessive in managing inherent risks within this risk appetite
• Where residual risks are not in line with the risk appetite, action is being taken to remedy this
• Risk management processes, including the effectiveness of responses and the completion of actions, are being monitored by management to ensure they continue to operate effectively
• Risks, responses and actions are being properly classified and reported.

For Registration - http://www.complianceonline.com/risk-based-internal-auditing-rbia-seminar-training-80196SEM-prdsm?channel=pickevent

Note: Use coupon code 232082 and get 10% off on registration.