Enterprise Risk Management (ERM) Auditing

Course Category : Audit

A professional training programme focusing on Enterprise Risk Management (ERM) auditing methodologies based on international best practices to strengthen governance, improve control effectiveness, and support strategic objectives.
Duration: 5 Days | Level: Advanced

Introduction

Enterprise Risk Management has become a fundamental capability for organisations seeking resilience and sustainable strategic performance. Internal auditors are now expected to provide independent assurance over the effectiveness of risk management frameworks while supporting governance and organisational accountability.
This course examines Enterprise Risk Management (ERM) auditing methodologies, including risk governance, maturity assessments, risk appetite evaluation, control effectiveness, audit planning, and assurance reporting in accordance with international standards and recognised professional practices..

Targeted Audience

Internal Audit Managers
Internal Auditors
Enterprise Risk Managers
Governance and Compliance Managers
Audit Committee Members
Internal Control Professionals
Operational Risk Managers
Executive Leaders Responsible for Risk Management

Targeted Skills

Enterprise Risk Management Auditing
Risk Management Maturity Assessment
Risk Appetite Evaluation
Risk Response Assessment
Risk Assurance Reporting
International ERM Audit Practices

Expected Outcomes

Understand Enterprise Risk Management principles and governance integration.
Evaluate the effectiveness of ERM frameworks.
Assess organisational risk management maturity.
Review risk appetite alignment with strategic objectives.
Evaluate key controls and risk responses.
Produce value-added ERM audit reports for executive management and audit committees.

Training Topics Index

ERM concepts and principles
Components of an ERM framework
Governance, risk and audit integration
Internal audit's assurance role

Governance structure assessment
Risk management policies and procedures
Risk appetite evaluation
Risk maturity assessment

Risk-based audit planning
Defining audit scope and objectives
Audit evidence collection
Control design and effectiveness evaluation

Reviewing risk treatment strategies
Assessing Key Risk Indicators (KRIs)
Preparing ERM audit reports
Follow-up on corrective actions

The Three Lines Model
ERM and strategic planning integration
Data analytics in risk auditing
Continuous improvement of ERM assurance

Course Features

Updated and Interactive Content
Hypothetical Examples and Case Studies
Pre- and Post-assessments to Measure Impact
Verified Certificate with a QR Verification Code

Enterprise Risk Management (ERM) Auditing