Risk Based Internal Audit (RBIA) is an internal methodology which is primarily focused on the inherent risk involved in the activities or system, and provides assurance that risk is being managed by the management within the defined risk appetite level. It is the risk management framework of the management and seeks at every stage to reinforce the responsibility of management and BOD (Board of Directors) for managing risk.
RBIA is conducted by the internal audit department and helps the risk management function of the company by providing assurance about the risk mitigation. RBIA allows internal audit to provide assurance to the board that risk management processes are managing risks effectively, in relation to the risk appetite.
WHY YOU SHOULD ATTEND
Internal Audit is an assurance and consulting activity that covers an organisation’s operations end to end. With limited resources, the requirement to do more with less, and management’s expectations for business focused recommendations this course allows the internal auditor to focus on what matters.
This workshop provides the tools for an internal auditor to link their internal audit effort to an organisation’s strategic risk focus. As such it is a not to be missed experience, to link with colleagues, learn from a globally recognised presenter, and leave improved understanding of specific hands on approaches to modern internal audit.