The Fundamentals of Risk-Based Auditing
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
0 students enrolled
Wishlisted Wishlist

Please confirm that you want to add The Fundamentals of Risk-Based Auditing to your Wishlist.

Add to Wishlist

The Fundamentals of Risk-Based Auditing

This course is designed to prepare the auditor to fully embrace the risk based audit methodology concept.
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
0 students enrolled
Last updated 8/2017
English
English [Auto-generated]
Current price: $10 Original price: $100 Discount: 90% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2.5 hours on-demand video
  • 2 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Explore Risk over the past decade plus.
  • Recognize the benefits of Risk Based Auditing.
  • Explore Risk Based Auditing (RBA) and recognize the purpose of Internal Auditing (IA).
  • Recognize the Risk Based (RB) Imperative.
View Curriculum
Requirements
  • No Advanced Preparation or Prerequisites are needed for this course.
Description

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 managing risks effectively in relation to the risk appetite.

Many internal audit groups attempt risk based auditing but often find that some aspects are difficult to deploy within their own organizations.  This occurs due to the lack of standard understanding of the various techniques used in risk based auditing and the true intent and advantages associated with the process.  To be able to effectively develop a risk based auditing methodology and then to employ it within your organization, you must understand the premise behind the concept and the advantages and challenges it will bring.  This course is designed to prepare the auditor to fully embrace the risk based methodology concept.

This is the first of three risk based auditing courses.  Session two will be focused on establishing a risk based auditing methodology and session three will focus on methods to implement and apply the methodology. 

Who is the target audience?
  • Anyone interested in risk management, accounting, or related fields.
Students Who Viewed This Course Also Viewed
Curriculum For This Course
14 Lectures
02:35:29
+
Introduction
12 Lectures 02:35:26


Why RBA?
10:18

Maturing to RBA
08:01

Traditional Approach Challenges
08:12

Expanding Role
04:31

RBA and Purpose of IA
05:34

Understanding Risk Imperative
04:36

Understanding Risk Based Auditing
05:12

Imperative 4
03:19

Imperative 5
11:39

Understanding Risk Based Auditing Continuous Play
01:17:47
+
Supporting Materials
2 Lectures 00:02
Slides: Understanding Risk Based Auditing
00:01

Understanding Risk Based Auditing Glossary Index
00:01
+
Review and Test
0 Lectures 00:00
Review Questions
6 questions

FINAL EXAM
10 questions
About the Instructor
Illumeo Learning
4.4 Average rating
300 Reviews
1,323 Students
234 Courses
Condensed and Efficient Courses for Busy Professionals

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Lynn Fountain (Illumeo)
4.6 Average rating
13 Reviews
84 Students
29 Courses

Ms. Fountain has over 30 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She currently performs consulting for companies on internal audit, risk management, internal controls, financial reporting and accounting along with performing training. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks

Ms. Fountain has developed and delivered leading edge training sessions on COSO, Internal Audit, ERM, Accounting, Leadership, Governance, Compliance and Ethics. She has numerous recorded webinars on Illumeo dot com.

Ms. Fountain has authored a publication for the Institute of Internal Auditors Research Foundation (IIARF) titled “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations”. The publication will be released April 20, 2015. In addition, she is authoring a publication for Auerbach on “The Realities of performing the Chief Audit Executive Role”. The publication will be released in the Fall 2015. In addition, she has performed as an adjunct instructor for the School of Business for Grantham University and the School of Business at the University of Kansas.

Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate.