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).

Starts On

18 - May - 2026

Ends On

22 - May - 2026

Location

Spain - Madrid

Language

English

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Targeted Audience

  • 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