Using Risk Assessment to Build Individual Audit Programs - OAR321

Description

In this revealing three-day seminar you will learn how to use risk assessment - generally applied to annual audit plans - to help build individual audit programs that will boost auditor productivity and provide the control assurance required by Sarbanes-Oxley. You will explore the differences between traditional, control-based risk assessment and a new, business risk-based approach that addresses management's concerns at the individual audit level. This progressive risk-based approach will demonstrate how assurance and consultative auditing can be performed simultaneously to maximize your audit resources and generate high-impact outcomes.

Attendees will learn how to recognize primary risks critical to any organization and to evaluate if there are appropriate controls in financial, information systems, compliance, and operational audits. You will then investigate the innovative methodology in a practical, case-based work session that will lead you step-by-step through the development of an individual audit program that can be executed in your own organization. You are encouraged to bring an audit subject and background information to use in this class exercise. Attend this timely seminar to learn how to focus your audits on the business concerns of the audit committee, senior management and the organization's operations.