Module 1: Foundations of Risk-Based Internal Auditing (RBIA)

Introduces internal audit principles, differences between traditional vs. risk-based auditing, the role of RBIA in governance, and IIA standards guiding professional practice.

Module 2: Risk Assessment, Audit Universe & Prioritisation Techniques

Covers organisational risk assessment, developing the audit universe, risk registers, prioritising high-risk areas, and preparing risk-based annual audit plans.

Module 3: Internal Control Frameworks, Assurance & Control Testing

Explores internal control principles, COSO framework, control design, control effectiveness testing, and documenting control evaluations.

Module 4: Audit Planning, Engagement Scoping & Work Programme Design

Teaches how to scope engagements, define objectives, develop audit criteria, prepare audit programmes, and align work performed with identified risks.

Module 5: Fieldwork Execution, Evidence Gathering & Audit Techniques

Examines interviewing, sampling, analytical procedures, walkthroughs, document review, data testing, and evidence substantiation to support audit conclusions.

Module 6: Audit Reporting, Communication & Recommendation Development

Covers report structure, drafting clear findings, root-cause analysis, risk rating of issues, developing actionable recommendations, and communicating results to management.

Module 7: Audit Follow-Up, Monitoring & Continuous Improvement

Focuses on validating management actions, monitoring issue closure, dashboards, audit quality assurance, and strengthening the internal audit function.

Module 8: Integrating RBIA with Governance, ERM & Case Studies

Explores how RBIA connects with ERM frameworks, governance processes, compliance activities, and includes real-world case studies from diverse sectors.

• Principles and standards of risk-based internal auditing

• Conducting organisational risk assessments and defining audit priorities

• Applying the COSO control framework and evaluating controls

• Designing audit plans, scopes, and work programmes

• Collecting and validating audit evidence effectively

• Preparing professional audit reports and recommendations

• Monitoring audit actions and improving audit quality

• Integrating RBIA with ERM and corporate governance

• Internal auditors and audit supervisors

• Risk management and compliance officers

• Internal control specialists

• Financial auditors transitioning into RBIA

• Public-sector and private-sector audit staff

• Students and professionals pursuing auditing and governance careers