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: Fontini Consulting Ltd

State, Nigeria

11 - 14 Jun, 2024  4 days

Follow Event


NGN 265,500

Venue: Lap New World Hotel Jabi Abuja

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 11 - 14 Jun, 2024
NGN 265,500.00
(Convert Currency)


Related Courses

Managing Risks in Electronic Banking Course Managing Risks in Electronic Banking Course

4 days, 02 - 05 Jul, 2024 

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

Fontini Consulting Ltd

Rapid technological changes in recent years have revolutionized the way banking services and products are delivered to corporate and consumers alike, so much so that keeping up with these changes is ...

Strategies for Managing Accounts Receivable Course Strategies for Managing Accounts Receivable Course

4 days, 17 - 20 Jun, 2024 

2024-06-17 12:06:00 2024-06-17 12:06:00
State, Nigeria

Fontini Consulting Ltd

In the present hash-operating environment the need to constantly monitor the operations and situation of business organizations need to be over emphasis management account Provide a basis for ...

Advanced Budgeting and Financial Control Seminar Advanced Budgeting and Financial Control Seminar

5 days, 22 - 26 Jul, 2024 

2024-07-22 12:07:00 2024-07-22 12:07:00

Fontini Consulting Ltd

The main aim of this course is to equip the participants with professional skills vital for effective performance of budgeting and budgetary control duties.  Course Content :  The ...

Accounts Receivables and Payable Best Practices Course Accounts Receivables and Payable Best Practices Course

4 days, 23 - 26 Jul, 2024 

2024-07-23 12:07:00 2024-07-23 12:07:00
State, Nigeria

Fontini Consulting Ltd

Receivable or debts arise on a day-to day basis in most transactions in both the public and private sectors as goods services are provided and received. It is also common knowledge that debtors are ...