Focus on the Right Risk Drivers
– Lead the Change with Risk in Focus Research Study –
Description:
In today’s rapidly evolving risk landscape, internal auditors must focus on the right risk drivers to deliver meaningful insights and value to their organizations. The 2025 Risk in Focus research study has identified key risks such as digital disruption, AI, cybersecurity, and human capital, which are expected to dominate the risk horizon in the coming years.
To remain relevant and strategic, auditors must align their audit engagements with these emerging risks, ensuring their audit plans are forward-looking and comprehensive. This training will explore the critical findings from the Risk in Focus study, breaking down the global risk trends and how they impact different sectors.
Participants will learn how to build and refine their audit risk radar, using tools and frameworks to piece together a holistic view of their organization’s risk horizon. Through interactive discussions and case studies, auditors will gain practical insights into identifying the most impactful risk drivers and translating them into actionable audit plans.
This comprehensive training will enable auditors to focus on the right risks, using insights from the Risk in Focus study to create audit strategies that are risk-responsive, forward-looking, and aligned with their organization’s objectives.
By the end of this training, participants will be able to assess and prioritize risks based on their organization’s unique business model, ensuring optimal alignment of audit engagements with strategic priorities.
Objectives:
- Understand the latest global risk trends as identified in the Risk in Focus 2025 report, and their implications for audit planning.
- Identify key risk drivers such as digital disruption, cybersecurity, and human capital that will shape the audit risk landscape in the next three years.
- Learn how to construct a tailored risk radar that aligns with your organization’s business model and strategic objectives.
- Develop practical skills for translating risk insights into audit engagements, ensuring audit priorities are forward-looking.
- Explore tools and frameworks for conducting effective risk assessments and prioritizing audit resources.
- Gain insights into the cause-effect chain analysis required by the new Global Internal Audit Standards in audit execution and reporting.
- Utilize case studies and practical examples to refine your approach to auditing emerging risks.
- Enhance collaboration with management and the audit committee by delivering meaningful risk insights that align with business strategy.
Topics:
- Introduction to AI and Digital Disruption in Auditing
- Overview of digital disruption trends
- The role of AI in reshaping business models
- Key challenges for internal auditors
- AI Technologies and Their Applications in Auditing
- Generative AI and machine learning fundamentals
- Practical applications of AI tools in audit processes
- Case studies on AI-based auditing
- Cybersecurity and Data Privacy in the Digital Age
- Emerging cybersecurity threats linked to AI
- Data privacy regulations and compliance
- Safeguarding sensitive information in digital audits
- Regulatory Landscape for AI and Digital Technologies
- Navigating evolving regulations on AI and digital tools
- Aligning audit plans with compliance requirements
- Strategies for reporting on AI governance
- Auditing AI-Driven Business Processes
- Risk assessment of AI-powered systems
- Techniques for auditing automated decision-making processes
- Assurance over AI-driven data and algorithms
- Leadership in Digital Transformation
- Leading audit teams in times of technological disruption
- Behavioral training for managing teams in a digital environment
- Enhancing leadership skills through AI insights
- Future-Proofing Internal Audit: Preparing for 2028
- Anticipating future risks: Climate change, human capital, and AI
- Strategic audit planning for long-term success
- Continuous learning and adapting to emerging technologies
Training Team
Audit-Championship is a university spin-off. We focus on networking between science and practice. Audit-Championship provides thought leadership and innovative methods to support its customers across all industries in digital transformation. We support audit departments globally as well as national Internal Audit associations with yearly 2.900+ training days and transformation services along an internal audit knowledge value chain.
Inhouse Training on demand
Conditions and Price
Get in touch with us, we look forward to developing a great training event and didactical concept for you and your internal audit team.
Didactics | Methodology
We train you and your team on-site, or we can train you online worldwide in the form of a Virtual Training Series: Interactive lecture, discussion, practical example, case studies, reflection.
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