Mapping Risk in a Changing World: virtual session

Overview

Disruption and volatility are here to stay. How can we map risks to provide assurance in times of rapid change? This practical, hands-on course encourages discussion and reflection. It includes small-group exercises based on real-life examples and case studies.

Target Audience

Beginners and experienced practitioners in any assurance function. In particular:

- Chief audit executives and senior leadership teams responsible for preparing audit plans 

- Audit team leaders responsible for planning engagements. 

- Audit team members responsible for assessing risk and control environments, especially complex ones.

Course Objectives

- Better appreciate current, emerging and future risks in attendees’ own and other sectors, and how these affect each other. 

- Use good practice in articulating risks and persuading senior decision-makers. 

- Develop or adapt plans to provide assurance more effectively and efficiently.

Course Content

- What is risk?

- Definitions and standards 

- Common responses (individual and corporate) to risk 

- Audit plans past, present and future 

- Reactive changes 

- Proactive changes 

- How to prioritize 

- Translating plans into engagements and lasting improvement 

- Mapping areas of shared risk and control 

- Effective testing and root cause 

- Communicating headlines to executives and management