Course Information
Mastering Risk-based Auditing: Strategies and Techniques
Parking for SAO, Professional Development courses is in Garage B (1511 San Jacinto Blvd.). The Garage signage may read 1511 San Jacinto or Garage B. The elevator in Garage B is not reliable. If you are unable to walk the stairs, please contact the professionaldevelopment@sao.texas.gov for alternate parking arrangements. Handicapped parking is free at the meters around the downtown area.
A course coordinator will email you a parking permit prior to the course start date. A permit must be displayed or you will be ticketed.
Course Description
This intensive one-day course is designed to provide a comprehensive understanding of risk-based auditing principles for auditors. Participants will explore the strategies and techniques necessary to identify, assess, and manage risks effectively. The course covers planning and executing risk-based audits, enhancing audit processes, and ensuring compliance with auditing standards. Through interactive sessions, case studies, and practical exercises, auditors will gain essential skills needed to excel in risk-based auditing.
Course Objectives
Upon completion of this course, participants will be able to:
Understand and apply fundamental principles of risk-based auditing.
Identify and assess risks in various auditing contexts.
Plan and conduct audits based on identified risks.
Utilize effective risk-based data collection and analysis techniques.
Develop detailed audit reports with a focus on risk management.
Enhance their ability to detect, prevent, and mitigate risks.
Detailed Course Outline
Morning Session (4 hours): Introduction and Risk Identification
Introduction and course objectives
Overview of risk-based auditing principles
Techniques for identifying risks
Practical exercise: Risk identification workshop
Group discussion: The significance of risk-based auditing
Afternoon Session (4 hours): Risk Assessment, Planning, and Reporting
Advanced techniques for assessing risks
Strategic planning for risk-based audits
Effective data collection and analysis in risk-based audits
Creating comprehensive, risk-focused audit reports
Communicating findings and recommendations with a risk perspective
Practical exercise: Risk-based audit simulation
Course wrap-up and Q&A session
Prerequisites
A minimum of two years of professional auditing experience.
Basic understanding of auditing principles and practices.
Familiarity with current auditing standards and guidelines.
Instructors
Felipe, the founder and Managing Partner of CONEXIG, brings over 25 years of expertise in risk management, internal audit, and expert services. His journey at KPMG, spanning Brazil, Australia, and South Africa, saw him rise from a trainee to a partner. With experience in 16 countries, including the USA where he has resided since 2015, Felipe's global impact is evident. His proficiency extends to internal auditing, fraud detection, compliance, and dispute resolution, establishing him as a renowned leader in the field. Felipe has provided training to diverse audiences worldwide.
Recent initiatives include collaborating on training programs for Brazil's General Auditors, enhancing their skills in public procurement audits. His portfolio features projects across government, infrastructure, energy, and real estate industries, with expertise in internal audits, IT controls, and risk management. With qualifications such as an LLM, a Master of Economics, and certifications including CPA (Brazil), CIA, CRMA, and CFE, Felipe's credentials underscore his depth of knowledge and expertise.