Using Risk Assessment to Build Individual Audit Programs: Risk-Based Audit Reports and Corrective Action Plans

WEBVTT Welcome to using risk assessment to build individual audit programs, risk-based audit reports, and corrective action plans. Risk assessments are crucial for constructing effective audit programs and conducting risk-based audits. This course offers elements of a risk-based audit report, their visual representation, identifying the why, and creating value-added recommendations. We'll explore management responses, corrective actions, evaluating risks, determining the cause, and mitigating steps. Other topics include involving other organizational units, monitoring, sign-off, updating the risk assessments, and mapping it to audits. Designed for financial, operational, business, and IT auditors, aiming to deepen their understanding of risk assessment techniques and principles. This course enhances your skill set by focusing on audit reports and corrective action plans. On successful completion, you'll earn 7.5 CPE credits. Ready to delve deeper into risk-based audit reports and corrective action plans? Let's begin.