The course is case study driven supported by traditional lectures; this allows delegates to put into practice the theory presented to them and ensures maximum delegate involvement. At all stages of the course, “model” answers are supplied so that each delegate is brought up to a common level of achievement at all points in the course-work.


This course is designed to take an experienced Internal Auditor through the various disciplines needed to consolidate the Operational Risk activities in their business with those of Internal Audit. The three basic elements requiring consolidation are:

  • Audit Planning
  • Audit execution
  • Audit reporting

All aspects of the consolidation challenge are covered, both from the point of view of the Risk Manager and the Internal Audit Manager.


Day 1

Introduction to Audit, Risk & Governance

  • Corporate Governance update
  • Business Risk Management current trends
  • Internal Audit modern approaches
  • Summary of key points

Day 2

Business Risk Management Principles

  • Categories of risk and business risk models
  • Business Risk assessment
  • Risks external to the company

Day 3

Business Risk Management Tools & Methodologies and the Relation to Risk Based Audit

  • Tools of measuring and assessing business risks
  • Strategy and methodology for managing business risks
  • Internal Control Systems and systems for business risk management
  • Risk Based Audit principles
  • Case Studies

Day 4

Outbound Activities Aimed At Improving:

  • Communication
  • Teamwork
  • Confidence
  • Motivation

Day 5

Risk Based Audit Methodology Overview

  • Overview
  • The role and responsibilities of Internal Auditor in Risk-Based Audit
  • Risk Based Internal Audit Methodology compared to Traditional Audit approaches
  • Legal and regulations impact on Risk-Based Audit

Impact of Business Ethics in Corporate Auditing


  • Internal Audit Senior Managers
  • Managers in Internal Audit
  • Risk Managers
  • Finance Managers


  • Face To Face
  • Role playing
  • Post session assessment
  • Video presentation
  • Case study


5 working days


  • English
  • Tetun
  • Indonesia