Key details

Cost: $230 (inc. GST)

Duration: 45 Minutes

About the course

Our 45-minute Introduction to Risk-Based Auditing eLearn provides you with a beginner-friendly guide to prioritising audit activities based on the areas of highest risk, helping you transition from traditional auditing methods to a more impactful, value-driven approach. Get deeper insights and add greater value to your organisation by focusing your audits on where it matters the most with the risk-based auditing approach. 

Topics we cover include:

  • The differences between traditional and risk-based auditing
  • How to apply the concept of risk-based auditing across an organisation
  • When you might take a risk-based approach to an audit, and when you might take a traditional approach
  • The advantages and disadvantages of risk-based auditing

Whilst this training package uses the word “audit” and its derivatives, this does not equate with the terms audit, review, or assurance in accordance with Pronouncements or Standards issued by the Australian Auditing and Assurance Standards Board. References to the term “audit” and similar terminology within this training relate to the process of auditing in accordance with ISO 19011:2018.

Why is risk-based auditing important?

Our Introduction to Risk-Based Auditing course provides more than solid theory. It provides a practical, flexible, and engaging learning experience for the next stage of your career progression. Here’s what sets us apart:

Our training is different because

Practical, actionable skills: Learn techniques you can apply immediately to improve your processes and procedures and deliver tangible results.

Flexible learning options: Study at your own pace - anytime, anywhere. Our eLearn modules fit seamlessly into your busy schedule without disrupting your workflow.

Expert-backed content: Gain insights from a team with over 150 years of collective experience in risk management and auditing. Our training is designed in-house by RTP experts.

Career-boosting credentials: Earn a certificate of completion that showcases your skills, enhances your professional profile, and helps you stand out in your career.

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Course overview

Learning outcomes

After completing the Introduction to Risk-Based Auditing course, you will:

  • Understand the fundamentals of risk-based auditing and how it differs from traditional methods.
  • The dos and don’ts of risk-based auditing. Learn how to align your audits with your organisation’s risk management processes.
  • Be able to conduct a risk-based audit using five structured steps.

Prerequisites

There are no prerequisites for this course.

Who should complete this course?

This course is designed for anyone looking to enhance their auditing skills and make a meaningful impact in their organisation. It’s perfect for:

  • Auditors Seeking to Broaden Their Expertise
    Gain a beginner-friendly introduction to risk-based audits and take your knowledge to the next level.
  • Professionals Focused on Best Practices
    Get deeper insights and add greater value to your organisiation with the risk-based approach. 
  • Teams and Organisations Driving Efficiency
    Focus audits on identified risks to improve overall effectiveness and align with organisational objectives.

Whether you’re an internal auditor, a member of senior management overseeing audit processes, or part of a team striving to refine your risk assessment approach, this course equips you with practical skills and insights to elevate your audits.

This module assumes prior knowledge/experience with auditing and auditing processes. It is designed to build on your existing auditing knowledge by providing an overview of the risk-based approach. 

We can help upskill yourself, your team, or your entire organisation. Contact us to find out more. 

Study Pathway

Once you’ve completed this course, take your skills to the next level with our 2-day Becoming a Skilled Lead Auditor course. This programme offers covers: a  deeper exploration of risk-based auditing, covering:

  • the benefits of a risk-focused audit programme
  • effective audit planning
  • key auditing principles and procedures in accordance with ISO 19011.

Price

Price per module per user: (AUD) $230 (inc. GST)

How to enrol

You can enrol in the course via the Book Now button on this page. Enter your billing information and receive immediate access to the course content.  Contact us for group bookings.

How to pay

Pay via credit card when enrolling online. Please contact us on 1300 95 96 92 for other payment options, if required. 

Delivery

Public – Face to face

Our regular public courses are conducted in capital cities and key regional centres in Australia and New Zealand. You will enjoy an excellent learning experience in a premium training venue, and;

  • We never cancel courses – book with confidence
  • Class sizes are kept to manageable numbers – so everybody learns
  • No homework or take-home assessment! All work is completed in course time – we know you’re busy
  • No major exam – we assess you as you go

Public – Virtual/Online

In response to COVID-19 and social distancing, we’ve developed an online digital classroom to deliver our courses virtually and keep the interaction and engagement between trainer and participants. Our virtual training platform incorporates:

  • Group exercises – facilitated by mini break out workshops amongst the team
  • Ability to ask questions in real time
  • Built in note taking and tracking of course materials
  • You can interact with participants throughout the session through a chat functionality
  • Online assessments providing a streamlined marking process

Our aim is to recreate the classroom experience in a safe, virtual environment, maintaining the fun and engaging experience our clients find useful and valuable.

In house – Face to face or virtual

In house training can provide a cost-effective training solution for organisations with a number of staff who require training. We can also customise a course to suit your own individual needs, and include your own audit documentation. Call us on 1300 95 96 92 for a quote and to discuss your individual training needs.

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FAQs

What is risk-based auditing?

Risk-based auditing focuses on identifying and addressing the highest organisational risks, ensuring your audits deliver maximum value and align with your organisation’s risk management framework.

Is this course suitable for beginners?

This module assumes prior knowledge/experience with auditing and auditing processes. It is designed to build on your existing auditing knowledge by providing an overview of the risk-based approach.

How long will I have access to the course?

You’ll have three months of access, giving you plenty of time to revisit key concepts, such as risk identification and audit processes.

Why choose us?

When it comes to understanding risk-based auditing, our course stands out for its practicality, expertise, and accessibility. Here’s why professionals trust us:

  • Learn from the Experts: Benefit from over 150 years of combined experience in risk management and audit training. Our course is crafted by industry leaders who understand the challenges and nuances of modern auditing.
  • Flexibility That Fits Your Life: Study at your own pace with a self-directed eLearning module that works around your schedule – learn anytime, anywhere.
  • Real-World Application: Gain actionable insights that you can immediately apply to your internal audit processes, making your work more efficient and impactful.
  • High-Quality, Affordable Training: Access expert-designed content without breaking the bank. Our course delivers exceptional value to help you achieve your career goals.

Who benefits from this course?

Anyone can benefit from this course as it is an introduction to risk-based auditing, meaning that it can be applied in various situations. Those who benefit from improving their risk management skills include:

  • Professionals: Individuals in industries such as construction, healthcare, and finance, which often face high-risk exposure, can gain valuable risk management strategies to apply in their work environments.
  • Managers: Managers serve as the primary point of contact for emerging risks in the workplace, making it essential for them to understand how to effectively control and resolve these issues in a timely manner.
  • Business Owners: Owning a business involves numerous aspects that require protection. Learning to identify risks early enables business owners to stay one step ahead and operate successfully.

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Book now

Take the first step toward mastering Introduction to Risk-Based Auditing today.

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“The virtual classroom coupled with an enthusiastic trainer made the course easy to run through and as good as any face to face courses I have ever attended.”

It was evident that the trainer had significant industry related experience in auditing. They were able to reinforce learnings and keep us interested by integrating their experiences into the course with relevant and engaging real world examples.

Course was enjoyable and I like the fact that we’re given a copy of the each of the Standards!

Honestly thought it was gonna be boring. I was very wrong! Very engaging and informative. Loved all 5 days and will be back for more courses!

Really enjoyed the training. What could be a very stale topic was delivered in a very engaging and detailed way. I particularly enjoyed the conversational delivery of the content and the practical activities were challenging and well presented. The catering was great too.

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