Risk-Based Audit (RBA) Approach / Governance, Risk, and Compliance

Course Category : Compliance

Strengthen assurance functions by mastering the risk-based audit approach aligned with governance, risk, and compliance frameworks.

Duration & Level
5 Days (Intermediate – Advanced)

Introduction

The Risk-Based Audit (RBA) approach has become the international standard for ensuring audit resources focus on areas of greatest exposure. This program provides a comprehensive framework for linking audit planning and execution with governance, risk, and compliance (GRC) priorities. Participants will explore how to assess organizational risks, align audit objectives with strategic imperatives, and deliver value-added assurance that supports decision-making at all levels. Through real-world examples and case-based discussions, this course enables auditors and compliance professionals to enhance organizational resilience while meeting regulatory and governance expectations..

Targeted Specializations

Internal auditors and audit managers
Risk management professionals
Compliance officers and specialists
Governance and regulatory advisors
Financial controllers and assurance staff
Senior managers overseeing risk and audit functions

Targeted Skills

Apply risk-based thinking in audit planning and execution
Confidently assess organizational risks and controls
Strengthen integration between GRC frameworks and audit functions
Develop risk heat maps and audit prioritization tools
Deliver impactful audit reports aligned with governance expectations

Expected Outcomes

By the end of this program, participants will be able to

Design and implement a risk-based audit methodology tailored to organizational needs.
Identify, assess, and prioritize risks that impact audit planning and reporting.
Align audit strategy with governance, compliance, and risk management frameworks.
Strengthen communication with boards, regulators, and executive management.
Develop evidence-based recommendations that enhance internal control effectiveness.
Ensure audit practices contribute to sustainable organizational performance.

Training Topics Index

Concept and importance of risk-based auditing
From traditional to risk-based auditing
International auditing standards related to RBA
Linking RBA with organizational objectives

Identifying and categorizing organizational risks
Assessing impact and likelihood
Developing risk maps and priority matrices
Tools for measuring and monitoring risks

Role of governance in supporting audits
Relationship between risk management and compliance
Designing an integrated GRC framework
Key performance indicators for GRC effectiveness

Developing an annual risk-based audit plan
Defining audit scope and objectives
Evidence collection and verification tools
Managing audit teams and cross-department coordination

Preparing audit reports for boards and executives
Formulating actionable, evidence-based recommendations
Audit quality standards and performance evaluation
Case studies of risk-based audit reporting

Course Features

Modern and practical content
Real-world examples and leadership exercises
Pre- and post-course assessments to measure impact
Accredited certificate with QR code verification

Risk-Based Audit (RBA) Approach / Governance, Risk, and Compliance