Emerging risk integration in audit risk assessment and risk-oriented audit planning

Geopolitical risks, environmental risks, G20 BowTie risk approach

Overview Internal Audit Training:

Emerging risk integration in audit risk assessment and risk-oriented audit planning | including geopolitical risks, environmental risks, G20 BowTie Risk Approach

Strong risk volatility due to new geopolitical risks and their impact on global supply chains require further audit analysis and a dynamic design of audit planning. Global network influences, tightly synchronised international logistics chains and shorter product cycles, in an environment that strongly influences corporate business models, demand a timely and forward-looking audit.

New audit analysis approaches are necessary in order to analyse cause-effect chains more foresightedly and to recognise “emerging risks” earlier. In doing so, it is not only necessary to apply techniques that are able to recognise “grey swans”, but also to identify and evaluate new emerging risk combinations in the form of so-called “black swans” as early as possible. In order to be up to this task, it is important to promote new employee qualifications in analytical thinking in the form of meta-competences in addition to methodological tools such as bow-tie risk assessments.

In this training, you will learn analysis techniques for emergent risks as well as their integration into a dynamic audit process design or audit planning.

Topics:

  • Prelude: Emerging risks in Internal Audit Risk Assessment Techniques
  • Creating a new risk atlas of gross risks
  • The Known-Unknown in the Johari Window Methodology
  • Combining arising Risk Events
  • Analysis techniques for making audit processes more dynamic
  • Technological and Geopolitical risks and their risk impact on a new audit universe
  • Designing Dynamic Audit Planning
  • Necessary further developments for employees to be Future Ready
  • Practical Audit Use Cases
  • Joint conclusion and road map for practical implementation

Training Team

Audit-Championship | Audit Research Center 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 3.800+ training days and transformation services along an internal audit knowledge value chain.

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After entering your registration data you will receive a confirmation by e-mail. This confirmation is also directly visible on the website. It is possible that the confirmation on the website is also blocked by your company's own IT security policy. Please have a look at your emails. Afterwards we will send you the invoice for bank transfer within max. 3 working days.
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Date Training Execution

1 Training = Twice 1/2 day online
++ Tue. 10th Dec. 13:00 – 16:30 CET
++ Wed. 11th Dec. 13:00 – 16:30 CET

Conditions and Price

The participation for 19th/ 20 Nov, costs a total of 390,- Euro / US-Dollar according to preferential conditions for Audit Challenge Participants. For all international countries we do not charge VAT in B2B based on reverse tax charge procedures. After receipt of your registration you will receive a confirmation of registration and a separate email invoice and login. Please pay the registration fee directly. You will receive a separate invoice by email. The price includes the participation in the lectures of the booked event and training documents. A payment by credit card is also possible on demand.

You can cancel up to one week before the event free of charge. Thereafter or if the participant fails to attend, we will charge the entire participation fee. Of course it is possible to change the registered participant. The training fee must be paid before the training event.

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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