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Risk based internal auditing is about identifying the key objectives of an organization and selecting the tops risks threating the attainment of those objectives. This course enables participants to effectively identify the top objectives and risks in their organizations to provide input on developing a risk based internal audit plan. We discuss risk management basics on how to identify, assess, evaluate, mitigate and monitor risks; to aid in understanding risk management principles necessary to perform risk based audits. Differences between traditional internal auditing and how to audit using a risk-based approach are discussed. Through lectures and practical group interaction, discussions, and exercises, participants will develop the skills necessary to effectively plan and perform risk based internal auditing at their organization.
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