ComplianceOnline

Risk Based Internal Auditing - Establishing the Methodology

Instructor: Lynn Fountain
Product ID: 704819
  • 24
  • March 2017
    Friday
  • 10:00 AM PST | 01:00 PM EST
    Duration: 90 Min

Live Online Training
March 24, Friday 10:00 AM PST | 01:00 PM EST
Duration: 90 Min

$199.00
One Dial-in One Attendee
$349.00
Group-Max. 10 Attendees/Location
(For multiple locations contact Customer Care)

recorded version

$249.00
1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section 48 hrs after completion of Live training

Training CD

$349.00
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days after completion of Live training

Customer Care

Fax: +1-650-963-2556

Email: customercare@complianceonline.com

Read Frequently Asked Questions

True RBIA incorporates cascading the process through to each individual audit as well as the audit reporting process. The training program will focus on the establishment of a framework or methodology for RBIA and examine how to utilize risk based questions within the process steps.

Why Should You Attend:

The Institute of Internal Auditors defines risk based internal auditing (RBIA) as a methodology that links internal auditing to an organization's overall risk management framework. RBIA allows internal audit to provide assurance to the board that risk management processes are effective in relation to risk appetite. Many internal audit groups attempt RBIA but find aspects difficult to deploy within their organizations.

This webinar will explore how executing RBIA requires a pre-established methodology that includes defining the organization's risk appetite/ risk tolerance and utilizing measurements that include financial, compliance, and operational metrics. Internal audit must be ready to put aside their checklists and standard work programs.

Areas Covered in the Webinar:

  • Explore how to establish a risk based internal auditing (RBIA) methodology and recognize the steps involved
  • Recognize the concepts of risk tolerance, risk appetite, and risk measurement
  • Discover how to apply RBIA questions within each methodology phase
  • Recognize how to utilize management to develop the RBIA
  • Recognize which organizations are ready for RBIA

Who Will Benefit:

  • Management
  • Board of Directors
  • Internal Auditors
  • External Auditors
  • Accounting
  • Operational and Compliance Professionals
Instructor Profile:
Lynn Fountain

Lynn Fountain
Former Chief Audit Executive, Aquila

Lynn Fountain has over 35 years of experience spanning public accounting, corporate accounting and consulting. She has 20 years of experience working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance.

Ms. Fountain has held two chief audit executive positions for international companies. Since 2008, she has served in positions where she was responsible for internal audit, enterprise risk management and Sarbanes-Oxley. Ms. Fountain has a private consulting and training business, and she has developed and delivered leading edge training sessions on COSO, internal audit, ERM, accounting, leadership, governance, compliance and ethics. She delivers training for the American Institute of Certified Public Accountants, Institute of Internal Auditors, and multiple seminar and training groups.

Ms. Fountain is the author of two technical books that released in 2015: Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations; Leading the Internal Audit Function. In addition, Ms. Fountain is a frequent blogger on the LinkedIn platform and has also had numerous articles published in professional and technical publications. She is currently authoring a third technical book on corporate ethics and the internal auditor’s challenge.

She has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate (non-active).

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