Risk based internal auditing is a methodology that links internal auditing to an organization’s overall objectives and risk management framework. It allows internal audit functions to evaluate and improve the effectiveness of risk management, control and governance processes to provide assurance and consulting services.
Risk based internal auditing is an area evolving rapidly and significantly. It is more difficult to manage it and implement it than the traditional methodologies. Monitoring progress against an annual plan is a great challenge given that risk based audit plans are constantly changing. Despite the challenges, the advantage of implementing risk based internal auditing are significantly greater.
The internal audit based on the measurement of risks is considered one of the most important developments that have occurred in this profession over time and one of the most supportive of the reputation of the profession.
Hence, the importance of this workshop comes today in Cairo, Arab Republic of Egypt, as a complement to the workshop that was held previously and focused on the requirements of the Basel Convention in all its levels, which focuses on complete inclusiveness in risk assessment and the role of the internal auditor within this framework.
Who should attend?
- Audit team leaders.
- Seniors auditors.
- Internal auditors.
Benefits of attending the workshop
- Participants will enrich their knowledge and share it with their fellow professionals.
- The speakers will share their hands-on experience and expertise with participants.
أهداف الإتحاد ورسالته
The purpose of this workshop is to ensure that auditors understand and know how to conduct risk based internal auditing and internal control system assessment.
- Auditors will be able to understand and apply the basics and principles of their profession.
- Auditors will see how risk based internal audit assignments are planned, conducted, reviewed and reported.
- ِAuditors will be provided with the skills and methods of preparing risk-based internal audit reports.
- Auditors will know what the principles of corporate governance are.
- Auditors will get a general overview of their responsibility in detecting fraud.
- Auditors will be able to understand and apply the internal control system assessment methods, manly control self-assessment according to COSO.
- Internal Audit Evolution.
- The International Professional Practices Framework.
- Risk Assessment and Internal Audit Planning.
- Executing the Internal Audit mission.
- Report writing.
- Corporate Governance.
- Occupational Fraud.
- The concept of Internal Control according to COSO.
- The internal control system components.
- Internal control self-assessment CSA.
Day1: Basics of Risk Based Internal Auditing
- Evolution of the internal audit function.
- The international professional practices framework
- The internal audit methodology
- Conducting the Risk Assessment
Day2: Conducting Risk Based Internal Auditing
- Development of Internal Audit plans.
- Audit engagement planning.
- Understanding the processes.
- Identifying process risks.
- Developing and executing the audit progress.
- Conducting the closing meeting.
- Reporting the results of the audit to the concerned authorities
Day3: The role of internal audit in governance.
- Corporate governance key components.
- Principles of corporate governance.
- The role of the Audit Committee and other Board Committee.
- The code of conduct.
- Occupational fraud overview.
- Implementing a Quality Assurance and improvement program.
Day 4: Internal control system assessment.
- The internal control definition according to COSO.
- The types of internal control.
- The comoenent of internal control.
- Control self-assessment.
- Practical case study.
Mrs. Rania Derian Qaissi EMBA, CPA (Days 1-3)
- Director of the Group›s Internal Audit Directorate at BLOM Bank – Lebanon since 2011.
- She is currently the Chair of the WUAB Audit Group.
- She has experience in the field of accounting audit, internal audit, fraud investigation, risk assessment and governance.
- Previously worked as Assistant Director at PWC in Beirut.
- She holds an Executive Master of Business Administration (EMBA), a Bachelor›s degree in Business Administration from the American University of Beirut (AUB), and a BA in Law from the Lebanese University.
- Lecturer and trainer accredited to the Union of Arab Banks.
Dr. Khalil Al-Qassas
- PHD in Accounting.
- CEO of a Saudi finance company.
- 23 years experience in the Central Bank of Jordan.
- Auditor and evaluator of financial statements – International Accounting Standards.
- Certified CSA from the Global Academy of Finance and Management (GAFM).
- CPT Certified Trainer and Trainer Training from the British Quality Assurance Association.
- Lecturer and trainer accredited to the UAB.
- Member of the :
– American Institute of Internal Auditors, IIA.
– The Global Academy for Finance and Management (GAFM).
– Jordanian Association of Banking Experts.
– Union of Arab Trainers.
– Talal Abu Ghazaleh Knowledge Forum.
- Publishing three books with the support of the Union of Arab Banks:
- In Financial Analysis 2010, Finance for Non-Finance 2013, Corporate Governance and Internal Audit Strategies 2014.