3-Hour Virtual Training: Guidelines for Performing a Corporate Wide Internal Audit Risk Assessment

Why Should You Attend:

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. Corporate wide risk assessment can be performed to maximize the efficiency and effectiveness of any organization with a diligent template and process for performing the assessment.

This webinar will equip you with a methodology that has been utilized in a robust internal audit department for a billion-dollar revenue corporation. It includes a fraud risk assessment discussion to teach you the tools of performing a fraud risk assessment as well, which is separate from a corporate wide risk assessment.

Areas Covered in the Webinar:

• Key components of a risk assessment and management program, including a fraud risk assessment discussion
• Template for risk assessment and examples of typical projects that may come up in various departments
• Analyzing your industry to identify unique and potentially profitable projects
• Methodology for successful risk assessment process
• Steps involved in the risk assessment process
• Fraud risk assessment
• 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 from any industry

Instructor Profile:

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 different capacities across several industries. She obtained her Certified Fraud Examiner license in 2007 and was the main fraud investigator for five years at a large utility company. Ms. Steuart was responsible for performing and updating the fraud risk assessment on an annual basis and conducting over fifty internal fraud investigations during her time at this organization.

Topic Background:

With an increased awareness of the effectiveness of internal audit organizations and the ongoing cost to organizations, an entity wide risk assessment is imperative to all organizations to maximize the efficiency and effectiveness of an audit organization. Performing a corporate wide risk assessment 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 and conducted during the risk assessment process.

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