Understand the Process of Maximizing the Value of Internal Audit Department by Learning the Key Components of ARA
Risk assessments are a key activity for any Internal Audit Department, and take many different forms such as Enterprise Risk Management (ERM), annual risk assessment, individual audit engagement risk assessments, and fraud risk assessments.
In this session, expert speaker Robert Brewer will help you understand the key components of an annual risk assessment (ARA)to maximize the value of an internal audit department.
What will you learn:
How to identify the audit universe
How to identify risk criteria
How to assign weights to each risk criteria
How to classify audits into risk categories
How to develop an annual audit plan
How to select risk framework
How to determine available audit hours
How enterprise risk management (ERM) and ARA interrelate
The key elements of an effective Annual Risk Assessment (ARA) program
The collaborative working of fraud risk assessment (FRA) and ARA
Bob Brewer currently is a Senior Consultant and Trainer with JPA International, Inc., a private consulting/training firm with a wide range of services that support auditing and financial professionals to thrive in a competitive work place. Bob served as Senior Vice President and Chief Compliance Off...
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