Risk-Based Internal Audit Training

Learning Outcomes

• Apply risk-based audit principles to develop a risk-focused internal audit plan.
• Analyze organizational risk context to identify and prioritize audit areas.
• Design risk-based audit procedures that address key risks and controls.
• Implement audit testing strategies that leverage risk assessment results.
• Evaluate the effectiveness of risk management and control processes.
• Demonstrate professional judgment in reporting audit findings and recommendations.

Target Audience

This course is designed for internal auditors, risk managers, and audit committee members who are involved in planning or executing internal audit engagements and wish to enhance their risk-based approach.

Prerequisites

None — open enrollment

Course Outline

Practicals

Overview

The practicals are integral to this course, as they enable learners to apply risk-based auditing concepts to realistic scenarios. Through hands-on exercises, learners will develop and execute audit plans, perform risk assessments, and report findings, thereby bridging theory with practice.

Practical Activities

• Risk Assessment and Audit Planning Simulation — In this practical, learners work in groups to conduct a risk assessment for a case study organisation, prioritise audit areas, and draft a risk-based annual audit plan. (4h)
• Audit Programme Development and Testing — Learners design a detailed audit programme for a specific process (e.g., procurement or payroll), perform audit tests using provided data, and document evidence in working papers. (5h)
• Audit Reporting and Presentation — Learners draft an audit report based on their findings, including ratings and recommendations, and present it to the class acting as the audit committee. (4h)
• Integrated Case Study: Risk-Based Audit in Practice — In this final practical, learners work on a comprehensive case study that requires them to integrate all aspects of risk-based auditing, from planning to reporting, and receive feedback from the facilitator. (3h)

Summatives

Each delegate is assessed continuously throughout the course via daily exercises, scored practical assignments, and a final summative test at the end.

Practical Assignments — 30%

Practical assignments are observed and scored against a rubric during the practical sessions. Each delegate's practical mark is averaged into a single 100% score and contributes 30% to the final total.

Daily Exercises — 20%

Every training day ends with a multiple-choice exercise scored out of 100%. The scores from each daily exercise are averaged across the duration of the course to produce a Daily Average mark, which contributes 20% to the final total.

Final Test — 50%

On the last day a final summative test is written. It is a multiple-choice paper with multiple-answer questions: each question may have more than one correct option, and a single wrong selection on a question marks the entire question wrong — no partial credit. The final test is scored out of 100% and contributes 50% to the overall mark.

Final Total

Component	Out of	Weight
Practical Assignments (rubric-scored)	100%	30%
Daily Average (multiple choice)	100%	20%
Final Test (multi-answer multiple choice)	100%	50%
Final Total	—	100%

All marks are recorded on the AATICD LMS and visible to each learner under their account.

Certificate

How it works

• Certificates are auto-generated on the AATICD LMS as soon as the marks pass the 50% threshold.
• Each certificate is a branded PDF with the delegate's name, the course title, the unit standard ID, NQF level, credits, and the date of issue.
• You can download or print your certificate from your LMS dashboard at any time after issue — there's no reissue fee and no expiry date.
• If you scored under 50% you can sit the final test again at the next scheduled session at no extra cost.

Where to find it

Sign in to the LMS, open your dashboard, and your certificates appear under My Certificates. Each entry has a View / Download button and a print option.

Training Discounts

Group discounts apply automatically — the more delegates you enrol, the greater the saving. Discounts are calculated at 3% per 5 delegates, scaling up to 40% off for 100+ delegates.

Delegates	Discount
5	3% off
10	6% off
15	9% off
20	12% off
25	15% off
30	18% off
50	30% off
75	35% off
100	40% off

3% discount per 5 delegates, up to 40% off for 100+ delegates. Contact us for a custom group quote.