Performing a corporate wide Risk Assessment can seem like a daunting task for an organization. In reality, it can be done using a template and brainstorming with internal auditors, certified fraud examiners and business unit leaders throughout your organization.
Understanding your Company’s Risk Environment is key to having an effective Internal Audit organization, it helps to have significant experience in internal auditing and a mind for coming up with “what could go wrong” in any control environment. The corporate wide Risk assessment process can be performed to maximize the efficiency and effectiveness of any organization with a diligent template and process for performing the assessment.
Why Should You Attend:
With an increased awareness of the effectiveness of Internal Audit organizations and the ongoing cost to organizations, an entity wide risk assessment and management program is imperative to all organizations to maximize the efficiency and effectiveness of an Audit Organization.
Performing a corporate wide internal audit risk assessment training is doable, and can provide internal audit and its organization a roadmap for the upcoming audit year and also provide peace of mind for having gone through the process.
The methodology has been utilized successfully in billion dollar industries, it is completed on an annual basis using templates that provide the mechanism for documenting the results of numerous meetings with Company Executives and all levels of Management conducted during the risk assessment process.
Areas Covered in this Webinar:
They key components of a Risk Assessment and Management Program
The template for a risk assessment and examples of typical projects that may come up in various departments
Brainstorming your industry and the unique types of projects that can be worthwhile projects
The methodology for successful Risk Assessment process
The steps involved in the Risk Assessment process
Continual refinement of audit projects throughout the Audit Year
Who Will Benefit:
Internal Audit Personnel involved in performing the Annual Risk Assessment
Internal Audit Management interested in performing a Risk Assessment
Professionals responsible for performing Risk Assessment duties
Risk/ Compliance Officers in any industry
Marna Steuart has been in the audit industry for over twenty years. Ms. Steuart began her career with a Big Four firm as an external auditor, then as an internal auditor in several different capacities within several different industries. Ms. Steuart has performed internal audits, consulting engagements, vendor contract audits, collective bargaining contracts, construction contract audits of several third-party contracts and confidential investigations throughout her career as an internal auditor. She has first-hand knowledge of how to perform each type of audit and how to build an effective audit manual for all types of audits.
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