by

Advanced Risk Based Auditor

Jason Lee Mefford President Mefford Associates

29 - 30 April 2013 Pearl Continental Hotel, Karachi 2 - 3 May 2013 Pearl Continental Hotel, Lahore 9:00 am to 5:00 pm

www.intelact.biz

29 - 30 April 2013
Pearl Continental Hotel, Karachi

2 - 3 May 2013
Pearl Continental Hotel, Lahore 9:00 am to 5:00 pm

Advanced Risk Based Auditor

Introduction:
The role and responsibilities of internal auditor are ever changing and evolving. Along with increasing volume of transactions, widening range of products and services, and growing diversities and complexities of business, internal auditors must be more knowledgable of risk management. Successful auditors understand the importance of continuous risk assessment and improvement in achieving the objective of their organisations corporate governance. Meanwhile, in the competitive business environment, the audit department should add demonstrable value to reflect the growing importance placed on the function to meet the increasing expectations of regulators, shareholders and professional bodies. This Risk Based Audit training program is designed to help audit team members, leaders and professionals align their audit process with their organisations objectives, strategies, mission, vision and values. It helps them understand the importance of risk management, gain the skills necessary for risk mitigation, and understand how to use a risk based audit approach in their organisation. They also benefit from networking and sharing experiences with other professionals.

What you will learn?

Basic knowledge in relation to the theory and practices in the areas of Risk Management and Risk Based Audit. Be able to perform a risk assessment and develop audit plans for their organisations Enhance their knowledge in specialised risk based internal audit practices for a range of business processes

Who should attend?

This program is suitable for many different types of risk analysts, managers and audit staff. It covers the entire risk management landscape drawing on different aspects of risk and delivers complex topics in an easy to understand manner: Heads of Audit, Audit Managers and Senior Auditors Auditors responsible for developing or implementing a risk based approach Other assurance professionals such as those in Compliance and QA functions who are wanting to develop their Risk Based Approach Managers and Directors of business functions - to aid their knowledge of a risk based audit approach. Plus anyone who is responsible for analyzing company financial risk and dealing with the various risk exposures that may affect their organisation.

How you will benefit?

Understanding through practical examples and case studies, the application of risk management theory, concepts and best practices Improving risk assessment, audit planning and internal audit skills Improving verbal and written internal audit communication skills

29 - 30 April 2013
Pearl Continental Hotel, Karachi

2 - 3 May 2013
Pearl Continental Hotel, Lahore 9:00 am to 5:00 pm

Advanced Risk Based Auditor

Day Two: The Risk-Based Auditor Role The role of internal audit in risk facilitation Relationship between risk management and internal audit Acceptable and unacceptable involvements of internal auditing the risk management process How to decide which areas to audit The historical audit universe versus risks-based audit Determining the right level of assurance Audit program development Managing audit requests Assigning and planning audit work Use of specialists Planning a risk-based audit The risk-based audit approach Relationships with the board and audit committees Developing and presenting audit committee reports

Course Outline:
Day One: Risk Management Basics & The Risk-Based Auditor Role The nature of risk Relationship between risk and objectives Risk culture How to measure risk Inherent and residual risk Risk appetite, tolerance and capacity Risk identification Risk assessment Risk planning Evaluating inherent risk Assessing residual risk Dealing with risk exposures Terminate Tolerate Treat, or Transfer What is risk-based auditing? The transition from system-based to risk-based auditing Internal audit professional standards Different approaches to auditing

Training Materials:
Participants will be provided with relevant presentations, risk assessment examples, risk based audit methodology guidance, examples and case studies.

Meet Your Expert Course Leader

Jason Lee Mefford
President Mefford Associates
Jason Mefford is an internationally sought after adviser and speaker on ethics, corporate governance, GRC, and internal audit topics. He is currently the President of Mefford Associates, a professional training, coaching and boutique advisory firm. Jason has been the chief audit executive at two different multi-billion dollar manufacturing companies. Prior to that he was a manager at both Arthur Andersen and KPMG, performing internal and external audits and advisory services for clients in various industries. He was also a national instructor at both firms. Jason is a Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Governance, Risk Management and Compliance Professional (GRCP) and Certified Internal Controls Auditor (CICA). He is a member of the Institute of Internal Auditors (IIA) and is an active IIA volunteer serving at the local and international level. He is currently a fellow with the Open Compliance and Ethics Group (OCEG) a nonprofit think tank that uniquely helps organizations drive Principled Performance by enhancing corporate culture and integrating governance, risk management, and compliance processes. He has been recognized by Yale University as a rising star in corporate governance, and was a finalist for the Corporate Secretary Magazine rising star in corporate governance award. Jason is a graduate of Boise State University (BBA in Accountancy) and the University of Southern California's Marshall School of Business (MBA in Business).

intelAct is a training management firm that aims to facilitate the corporate sector by arranging world class training workshops. We arrange trainings delivered by the best trainers in the industry to help organizations meet the requirements of this fast moving world. We also provide customized (tailor made) trainings to the organizations according to their business needs. We believe in team growth concept and our clients are our partners. We help and motivate companies who want to promote training and organizational development culture equiping their professionals with innovative knowledge to grow synergistically.

Workshop Investment: Before 15 April

Rs. 48,500/- per participant

After 15 April

Rs. 52,500/- per participant

For Registration Contact Muhammad Faheem Cell : +92 331 249 19 74 +92 333 311 31 61 Office : +92 21 3499 0564 Email : registration@intelact.biz muhammad.faheem@intelact.biz URL : www.intelact.biz