Sunday, November 19, 2017

Using Business Process Mapping in Risk Assessment

“Before you hate something you should try to understand it.” – Marthe Grimes, Dakota

And the same can be said in risk assessment. Before the auditor can raise gaps and recommendations, the auditor must ensure to have a deep understanding of the process under review. For some organizations, the way to do this is by making sure that part of the audit team are members with intensive experience in the operations. But this can be a challenge to a relatively young audit team where much reliance is placed on its ability to learn and understand the business fast. 

Among the various management tools available for understanding business processes, Business Process Mapping (BPM) has been proven to be an effective tool for the auditor for its ease of use and its impact to risk assessment. 

Focus and Features:

Through BPM, the auditor will be able to systematically assess a process’ effectiveness and efficiency in achieving a certain business goal as well as identifying gaps that expose the business to potential risks. The outputs of the BPM will form one of the key inputs in finally assessing whether or not an organization’s current processes are adequate in managing their residual risk to an acceptable level. BPM will also tell the auditor which control processes are critical where they can focus on as they craft their audit program and perform their audit tests.

What Will You Learn

This 1-day course will teach the students the key concepts, terms, methodologies, and techniques that will enable them to be proficient in using BPM in risk assessments. The course will be a combination of lectures and group workshops that will enhance the application of theories to actual practice in auditing. 

Introduction to Business Process Mapping

Review of the Risk Assessment Process

ERM and Business Process Mapping

Process Identification

Information Gathering

Interviewing & Map Generation

 The Responsibility Assignment Matrix (RACI Matrix)

Business Process Risk and Controls Analysis

Tips & Traps in generating a business process map

Who Should Attend

This professional seminar is ideal for all auditors

Facilitator: Ms. Ila Kyra Santos – Valenzuela, CIA

                     Senior Finance Manager

                    FMCG and Pharma Industry

Schedule: 11 November 2017
 8:30am – 5: 00 pm

Venue:  St. Giles Hotel, Makati Ave., Makati City


Seminar Investment: 

Member’s Rate: Php4,500

Non-Member’s Rate: Php6,000

No. of CPE Credits : 9*

* IIA Certifications

*BOA Accredited CPD Provider


Seminar Inclusions:

  • Seminar Kit
  • Certificate of Participation
  • AM & PM Snack, Buffet Lunch


How to Enroll:

  •  email at or fax to 325.0414
  • call us at 238-8888 loc 8962 and look for Sheena Malapitan or  Thei Mendoza
  • Click here to register online