Risk-Based Internal Audit and Controls
Tutor-Led Class @ NGN250,000.00 per Participant
Online @ NGN230,000.00 per Participant
On-Site available on formal request
Venue: Workproskills Training Centres
Dates: Lagos (Apr. 6 - 10, 2026), Abuja (Apr. 20 - 24, 2026), Port Harcourt (Apr. 13 - 17, 2026), Ota (May 4 - 8, 2026)
Time: 0900Hr - 1600Hr Daily
Course Overview
This 5-day course provides a practical and strategic approach to internal auditing through a risk-based lens. Participants will learn how to align audit planning and execution with organizational risk priorities, regulatory expectations, and governance frameworks. The course emphasizes proactive risk identification, control evaluation, and audit reporting that drives value and accountability.
Topics include audit universe development, risk assessment methodologies, control testing, audit fieldwork, and stakeholder communication. Participants will engage in simulations and case studies to build audit programs that are responsive, efficient, and aligned with enterprise risk management (ERM) principles.
Learning Objectives
- Understand the principles of risk-based auditing
- Develop a risk-focused audit universe and annual plan
- Conduct risk assessments to prioritize audit engagements
- Design and test internal controls for effectiveness
- Perform audit fieldwork and document findings
- Communicate audit results to stakeholders and regulators
- Integrate audit outcomes into risk and governance processes
Who Should Attend
- Internal auditors and audit managers
- Risk and compliance officers
- Governance and control professionals
- Finance and operations managers
- Regulators and supervisory staff
Course Outline
Day 1 – Foundations of Risk-Based Auditing
- Traditional vs. risk-based audit approaches
- Audit standards and regulatory expectations
- Audit governance and independence
Day 2 – Risk Assessment and Audit Planning
- Developing the audit universe
- Risk scoring and prioritization
- Annual audit plan development
Day 3 – Control Evaluation and Fieldwork
- Design and implementation of controls
- Control testing techniques
- Audit fieldwork and documentation
Day 4 – Audit Reporting and Communication
- Writing effective audit reports
- Stakeholder engagement and follow-up
- Reporting to audit committees and regulators
Day 5 – Integration and Case Studies
- Linking audit to ERM and governance
- Case studies: fraud, control failure, regulatory breach
- Group exercise: building a risk-based audit program
Course Details
Duration: 5 days
Time: 9:00 AM - 4:00 PM daily
Venue: Workmanskills Training Centres (Lagos, Abuja, Port Harcourt, Ota) + Virtual option
Fees & Inclusions
NGN250,000 per participant. Includes training materials, refreshments, certificate, and access to post-course resources.
Certification
Certificate of Completion in Risk-Based Internal Audit and Controls issued by Workmanskills Consult.