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The Institute of Internal Auditors defines Risk Based Internal Auditing (RBIA) as a methodology that links internal auditing to an organization’s overall risk management framework.
RBIA allows internal audit to provide assurance to the board that risk management processes are managed effectively and appropriately keeping in view the risk appetite set by the board.
But every Organization and management is different in terms of its attitudes to risk, organizational structures, internal processes and procedures. Experienced internal auditors need to be aware of all these and keep abreast with the changing business and Risk environment to remain relevant, impressive and effective.
This course provides a thorough overview of RBIA processes, planning stages and measurement strategies. You will gain the practical tools to set up, analyze and manage RBIA within your organization. Once implemented correctly, RBIA offers tremendous advantages to any company.
By the end of this course you will:
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