Saturday, June 24, 2017

Focus and Features

Internal auditing is a profession that’s always evolving, always changing, especially in the area of risk-based audit approaches. Successful audit leaders know that it’s imperative that they continue to hone their skills in guiding their organizations’ risk-based auditing, while improving their current internal audit processes.

Through case studies, group discussions, round tables, and facilitator presentations, this course will help audit team leaders and other management level audit professionals align their organizations’ strategies, visions, and values with the internal audit process.

Furthermore, participants will come to understand the importance of corporate governance and enterprise risk management, while learning to identify risks, perform risk assessments, develop a risk-based assurance plan, understand entity-wide controls, and plan a risk-based engagement.

What You Will Learn

Role of Internal Auditing

  • Identify the value of internal auditing.
  • Define internal auditing.
  • Describe the internal audit Standards related to risk-based auditing.
  • Discuss risk-based auditing in organizations.

Corporate Governance

  • Define corporate governance.
  • Identify Performance Standard 2110: Governance.
  • Identify the various aspects of corporate governance.
  • Identify Assurance Performance Standard 2110.A1 and the elements of a good ethics program.
  • Identify the areas an internal audit must assess, evaluate, and report on to assure adequate corporate governance.

Risk Management

  • Define enterprise risk management (ERM) and risk.
  • Identify the difference between inherent and residual risk.
  • Identify the assumptions of risk management. Identify the benefits of risk management.
  • Identify the categories of risk.
  • Identify Performance Standard 2120: Risk Management.

Control (and Risk) Frameworks

  • Define Performance Standard 2130: Control.
  • Identify the elements of COSO control and ERM frameworks.
  • Identify the internal control environment factors, risk management factors, control activity factors, information and communication factors, and monitoring factors.
  • Identify the limitations of internal control and factors which override control activities.
  • Identify roles and responsibilities in internal control.

Entitywide Risk Assessment

  • Identify Assurance Performance Standard 2130.A1.
  • Identify the process for performing an entitywide risk assessment. Define business process.
  • Identify the process of developing an audit plan.

Risk-based Audit Engagement

  • Identify the process of performing a risk-based engagement.
  • Identify the attributes of a business process definition or objective. Identify the risk-to-business processes and risk events.
  • Identify the four common ways to manage risk.
  • Identify the definition of controls, the type of controls, and evaluation methods for controls.
  • Identify internal audit Standards 2210, 2210.A1, 2210.A2, 2210.A3, and 2240.
  • Identify the guidelines for reporting the results of a risk-based audit engagement.


Who Should Attend

This course is most appropriate for:

  • Chief audit executives, audit directors, audit managers, audit team leads, with 2+ year’s practical auditing experience, and who are looking to integrate operational auditing into their service offering or enhance the value of operational auditing services provided to the organization.
  • Business managers responsible for ensuring effective use and management of corporate resources, who want to evaluate and improve the operational performance of business activities, processes, and / or resources deployed.

Facilitator: Ms. Rossana S. Javier, CPA, CIA, CISA
                     Senior Advisor

                      PricewaterhouseCoopers Consulting (Philippines) Inc.

Schedule: 21 – 22 July 2017

Time: 8:30am – 5: 00 pm

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


Seminar Investment: 

Member’s Rate: Php9,000

Non-Member’s Rate: Php12,000

No. of CPE Credits : 18*

* 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 940.9551 loc. 18 and look for Sheena Malapitan or  Thei Mendoza
  • Click here to register online