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2011 Oct Environmental Health & Safety Auditing Risk Based Auditing Workshop
Tuesday, October 04, 2011 - Tuesday, October 04, 2011
Edison Electric Institute
701 Pennsylvania Ave, NW Washington, DC 20004-2696 UNITED STATES

The EEI Environmental Health & Safety Auditing Task Force Presents:

Risk-based Auditing: A Value Add Proposition

Effective control systems are critical to mitigating a business’s risk. At this seminar, auditors and internal control officers will gain an understanding of internal controls and learn how to identify needed controls based on business objectives and risks.


Concentrating on “real-world” knowledge and experience, this highly interactive seminar will give auditors the skills to use controls to detect and prevent fraud, design cost-effective control systems, identify “hard” and “soft” controls, and analyze existing control systems. An array of learning methods, such as group discussions, practical exercises, individual coaching and feedback, and other techniques, will be utilized during the program.


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 supplemental lectures, this seminar 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.


Specific issues to be covered include:

  • Understanding the importance of corporate governance and enterprise risk management
  • Identify risks to strategy
  • Define key business processes and objectives
  • Perform a risk assessment
  • Develop a risk-based assurance plan
  • Understand entity-wide controls and their relevance in the audit plan
  • Plan a risk-based engagement
  • Gain a positive, firm, and broad-based understanding of internal control and control models.
  • Analyze and evaluate existing or planned control systems.
  • Learn how to design cost-effective control systems to minimize risks for business processes.
  • Identify business objectives, risks, and the controls needed to mitigate risk.
  • Discover the most useful internal control categories and tools.
  • Obtain a basic understanding of the who, why, and how of fraud as well as the role of business controls in preventing and detecting fraud.
  • Identify and understand "hard" and "soft" controls.