Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

Risk Based Internal Auditing (RBIA) Course

By: Francis Consulting

State, Nigeria

17 - 20 Jun, 2024  4 days

Follow Event

  

NGN 300,000

Venue: Lap New World Hotel Jabi Abuja

Other Dates

Venue Date Fee  
Lap New World Hotel Jabi Abuja, State, Nigeria 26 - 29 Aug, 2024 NGN300000

Risk Based Internal Auditing (RBIA) is defined by the Institute of Internal Auditors (IIA) as “a methodology that links internal auditing to an organization’s overall risk management framework”. RBIA allows internal audit to provide assurance to the bank’s/ organization’s board that various risk management processes are managing risks effectively, in relation to the risk appetite of the bank/ organization.

However, every organization is different with different attitudes to risk, different management and organizational structures, different processes and procedures, and the need to subscribe to and comply with diverse conventions and regulations. Experienced internal auditors need to adapt these ideas to the structures, processes and language of their organization in order to implement RBIA.

Implemented correctly, RBIA offers tremendous advantages to the organization. RBIA allows internal audit to provide the Board of Directors with the assurance that it needs on three areas:

  • Risk management processes - their design and how well they are working
  • Management of those risks classified as 'key' - including the effectiveness of the controls and other responses to them
  • Complete, accurate and appropriate reporting and classification of risks

Learning Objectives:

  • By using the RBIA approach, the organization’s internal audit should be able to conclude that:
  • Management has identified, assessed and responded to risks within and beyond the organization’s risk appetite
  • That the responses to risks are effective but not excessive in managing inherent risks within this risk appetite
  • Where residual risks are not in line with the risk appetite, action is being taken to remedy this
  • Risk management processes, including the effectiveness of responses and the completion of actions, are being monitored by management to ensure they continue to operate effectively
  • Risks, responses and actions are being properly classified and reported.

Who will Benefit:

This practical hands-on training course is designed for professionals from industry, financial institutions and risk intensive organizations. The following job titles/ positions will benefit from attending:

  • Board members, especially risk and audit committee chairs and members
  • Chief Risk Officers
  • Heads of market, credit, and operational risk
  • Head of Risk Management
  • Chief Compliance Officers
  • Chief Audit Officers
  • Chief Financial Officers
  • Actuaries
  • Treasurers
  • Auditors (External and Internal)
  • Bank regulators and examiners
Lap New World Hotel Jabi Abuja Jun 17 - 20 Jun, 2024
Lap New World Hotel Jabi Abuja, State, Nigeria 26 - 29 Aug, 2024
NGN 300,000.00
(Convert Currency)

DR. FRANCIS OKEREKE 08035062583

Related Courses

Fundamentals of Finance and Accounting for Non-Financial Managers Fundamentals of Finance and Accounting for Non-Financial Managers

5 days, 24 - 28 Jun, 2024 

2024-06-24 12:06:00 2024-06-24 12:06:00
Kenya

Francis Consulting

Can you demonstrate your value and ROI to your boss? Are you able to interpret financial reports and make decisions based on the data they provide? Can you draft an accurate budget? Can you justify ...

Risk Management - Internal Control and Fraud Prevention Course Risk Management - Internal Control and Fraud Prevention Course

5 days, 24 - 28 Jun, 2024 

2024-06-24 12:06:00 2024-06-24 12:06:00
Abuja FCT, Nigeria

Francis Consulting

In the ever-changing business environment, encountering risk is inevitable. The ability to manage these increasingly significant risks now represents the difference between a thriving organisation ...

Best Practices in Financial Analysis, Planning and Control Best Practices in Financial Analysis, Planning and Control

5 days, 03 - 07 Jun, 2024 

2024-06-03 12:06:00 2024-06-03 12:06:00
Abuja FCT, Nigeria

Francis Consulting

Financial accounting is the basic means of recording and reporting financial information in a business. It is important to understand the framework and fundamentals of finance, planning and control ...

Managing People for Strategic Advantage Managing People for Strategic Advantage

4 days, 02 - 05 Jul, 2024 

2024-07-02 12:07:00 2024-07-02 12:07:00
Abuja FCT, Nigeria

Francis Consulting

In today's complex business environment characterised by pervasive economic uncertainty, organisations are constantly seeking to develop and execute a winning strategy. Most forward-looking ...