ERM & Risk-Based Internal Auditing Training Course

Master ERM & Risk-Based Internal Audit methodologies to align risk registers, audit universes, and assurance plans with organizational strategy.

ERM & Risk-Based Internal Auditing Training Course

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ERM & Risk-Based Internal Audit Professional Training

At a glance

Duration: 5 days
Format: Classroom and online
Cities: Geneva, Zanzibar, Jakarta, Doha, Langkawi, Phuket and more
Next session: 4 – 8 October 2026, Geneva
Price: From 1,500 €

Overview

Modern internal audit functions must look beyond static compliance checklists to focus assurance where enterprise exposures are greatest. The ERM & Risk-Based Internal Audit Professional Training equips audit practitioners and risk leaders to establish a cohesive risk-driven assurance framework. Participants examine how enterprise risk management structures integrate with internal audit planning, risk scoring criteria, and executive reporting. By synchronizing the audit universe with the enterprise risk register, audit teams allocate testing resources to critical organizational vulnerabilities. This course is delivered by Agile Leaders Training Center.

Who Should Attend

Internal audit directors, managers, and senior auditors seeking to implement risk-based methodologies.
Enterprise risk management specialists, risk officers, and internal control professionals.
Compliance managers and corporate governance officers coordinating risk assurance frameworks.
Finance managers, controllers, and operational leaders collaborating with audit committees.
Public and private sector assurance professionals modernizing multi-year audit plans.

Departments and Industries

This course serves governance, risk, and internal audit professionals across public and private sectors.

Internal Audit and Assurance Departments in Banking and Financial Services
Enterprise Risk Management and GRC Units in Energy, Oil, and Gas
Corporate Compliance and Ethics Teams in Healthcare and Pharmaceuticals
Internal Control and Finance Divisions in Manufacturing and Logistics
Governance and Oversight Directorates in Public Sector Organizations

Learning Objectives

By the end of this course, participants will be able to:

Design and implement an integrated enterprise risk management and audit alignment model.
Construct an organizational risk universe and structure operational risk registers.
Execute risk-based audit planning using defined likelihood and impact scoring criteria.
Evaluate internal control effectiveness using an internal audit risk-based approach.
Formulate a prioritized annual audit plan directly linked to enterprise risk appetites.
Communicate audit findings, residual risk ratings, and actionable recommendations to oversight committees.

Course Agenda

Day 1: Foundations of ERM and Risk-Based Internal Auditing

Enterprise risk management principles and corporate governance alignment models
Risk categorization structures covering strategic, operational, reporting, and compliance risks
Developing the enterprise risk universe to identify aggregate organizational exposure
Defining risk appetite and tolerance thresholds for strategic resource allocation
Governance structures establishing the three lines of defense and internal audit independence
Global internal auditing standards governing risk-based planning and assurance mandates

Day 2: Risk Identification, Assessment, and Risk Response

Risk identification methodologies across strategic objectives and operational processes
Designing and maintaining functional risk registers with defined risk ownership
Qualitative and quantitative risk assessment methods: likelihood, impact, and velocity scoring
Constructing risk heat maps to visualize and prioritize critical enterprise risks
Evaluating risk response strategies: mitigation, transfer, avoidance, and acceptance
Integrating risk management with internal control frameworks and core business operations

Day 3: Risk-Based Audit Planning and Audit Universe Development

Core principles of risk-based audit planning versus traditional cyclical auditing
Developing an audit universe directly mapped to corporate risk registers
Structuring multi-year strategic audit plans aligned with shifting risk profiles
Scoring and prioritizing auditable entities based on inherent risk and control maturity
Defining engagement scopes, testing objectives, and resource allocation models
Aligning internal audit plans with audit committee charters and executive expectations

Day 4: Audit Execution, Testing, and Risk Reporting

Conducting risk-focused audit engagements and executing structured fieldwork programs
Testing internal controls, evaluating design adequacy, and measuring operational effectiveness
Evidence collection techniques: control walkthroughs, analytical reviews, and targeted sampling
Drafting audit observations, determining residual risk impact, and root cause analysis
Structuring executive audit reports linked to strategic enterprise exposures
Delivering effective assurance briefings to executive management and audit committees

Day 5: Advanced ERM Integration and Continuous Assurance

Finalizing dynamic annual audit plans that adapt to emerging organizational disruptions
Embedding enterprise risk parameters into ongoing business planning and capital allocation
Establishing continuous monitoring protocols, key risk indicators, and data-driven reviews
Auditing fraud risk management, regulatory compliance obligations, and digital vulnerabilities
Implementing continuous assurance practices for dynamic operational environments
Synthesizing ERM and internal audit workflows into an institutional governance architecture

Practical Exercises

Participants engage in structured exercises to bridge risk management and audit execution.

Formulate an enterprise risk register assessing likelihood, impact, and treatment plans.
Map organizational risk exposures directly to an operational audit universe.
Prioritize annual audit engagements using a risk scoring matrix and allocation model.
Draft a risk-based audit observation detailing root cause, business impact, and corrective action.

FAQs

What specific qualifications or prerequisites are needed for participants before enrolling in the course?

Participants should have a foundational understanding of business operations, finance, or auditing. Prior exposure to internal audit or risk management is beneficial but not mandatory.

How long is each day session, and is there a total number of hours required for the entire course?

Each day session is structured to last between 4 and 5 hours, incorporating interactive discussions and practical exercises. The total course spans five days, amounting to approximately 20 to 25 instructional hours.

How does risk-based auditing differ from traditional auditing approaches?

Risk-based auditing prioritizes assurance engagements based on real-time organizational risk exposure rather than static cyclical calendars, directing audit focus toward high-impact strategic areas.

Differences from Other Courses

This program bridges enterprise risk management and internal audit execution into a single operational framework. Rather than examining ERM and auditing as isolated disciplines, the curriculum teaches practitioners how to translate enterprise risk registers directly into defensible audit universes and risk-scored audit plans. Participants focus on practical execution through hands-on drafting of risk matrices, audit charters, and executive findings reports tailored to organizational governance demands.

credits: 5 credit per day

Course Mode: full-time

Provider: Agile Leaders Training Center

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Showing 61-76 of 76 events

Location	Dates	Duration	Mode	Price
Kuwait	Week 34, 2027 29 August – 2 September 2027	5 Days	Onsite	€5,500
Kuala Lumpur	Week 35, 2027 30 August – 3 September 2027	5 Days	Onsite	€5,200
Amsterdam	Week 35, 2027 30 August – 3 September 2027	5 Days	Onsite	€5,700
Dubai	Week 36, 2027 6 – 10 September 2027	5 Days	Onsite	€4,500
Vienna	Week 36, 2027 6 – 10 September 2027	5 Days	Onsite	€5,700
London	Week 37, 2027 13 – 17 September 2027	5 Days	Onsite	€5,700
Prague	Week 37, 2027 13 – 17 September 2027	5 Days	Onsite	€6,000
Bali	Week 37, 2027 19 – 23 September 2027	5 Days	Onsite	€5,700
Cape town	Week 38, 2027 26 – 30 September 2027	5 Days	Onsite	€4,500
Cairo	Week 39, 2027 27 September – 1 October 2027	5 Days	Onsite	€4,100
Istanbul	Week 39, 2027 27 September – 1 October 2027	5 Days	Onsite	€4,500
Barcelona	Week 39, 2027 27 September – 1 October 2027	5 Days	Onsite	€5,700
Manama	Week 39, 2027 3 – 7 October 2027	5 Days	Onsite	€4,700
Muscat	Week 39, 2027 3 – 7 October 2027	5 Days	Onsite	€5,700
Casablanca	Week 40, 2027 4 – 8 October 2027	5 Days	Onsite	€4,100
Sharm El-Sheikh	Week 40, 2027 4 – 8 October 2027	5 Days	Onsite	€4,100

Frequently asked questions

What does this course cover?

OverviewModern internal audit functions must look beyond static compliance checklists to focus assurance where enterprise exposures are greatest. The ERM & Risk-Based Internal Audit Professional Training equips audit practitioners and risk leaders to establish a cohesive risk-driven assurance framework. Participants examine how enterprise risk management…

Are training dates available?

Yes. Available dates and destinations are listed in the course dates section on this page.

How can I register?

Choose an available date on this page and complete the registration form, or send a programme enquiry.

Can I download the course brochure?

Yes. Use the brochure download link provided on this page.

ERM & Risk-Based Internal Auditing Training Course