ASSESSING BUSINESS RISK FOR AUDITORS

June 8^th and 9^th, 2008

 

April 16, 2008

 

Dear Member:

The IIA Qatar Chapter is proud to announce the first course on internal auditing to be held at the Millennium Hotel in Doha on June 8^th and 9^th 2008.  The course title is Assessing Business Risk For Auditors. The instructor is Mr. Larry Hubbard from the USA.  The course outline is described below.  This is an excellent opportunity to learn more about the risk assessment process and earn Continuing Professional Education Credits.  Course Fees, subsidized by IIA for this two day event have been kept to a minimum at QR 475.⁰⁰for paid up Members / QR 600.⁰⁰for Non-Members.

Complete the attached registration and either send/fax to the above address or drop it off at the next IIA evening seminar session together with the course fees.  Registration is limited to 40 Participants. Please register early to avoid disappointment.  Registration Fees must accompany the registration form so if you fax the form please state the bank transfer details.

 

Course Outline

This two-day seminar presents the basic concepts of risk management and the risk assessment techniques used by auditors. The first half of the seminar is devoted to terminology, approaches and evaluation methods applicable to enterprise-wide risk assessment. The second half of the seminar focuses on micro-level risk assessment within audit assignments and presents several risk frameworks and methods of assessing business risk within an audit. The risk assessment thought process (objective, risks, controls) coming from the COSO definition of internal control provides the basic approach for the evaluation of risks and controls in the seminar.

 

Course Objectives

· Develop a consistent approach to risk management across an organization

· Ensure all important business risks are considered in designing controls

· Compare your risk assessment approach to best practices

· Improve the ability of auditors to focus on business risks in their audits

 

Modules

· Definitions and basic concepts of risk management

· Uses of risk assessment in business and auditing

· Use of risk frameworks

· Entity-wide risk assessment

· Audit engagement risk assessment

Who Should Attend

Auditors who want to learn more about risk assessments and/or practice risk assessment techniques

 

Course Leader:

Larry Hubbard is a professional trainer and consultant with a broad background in accounting, auditing, and finance. Prior to founding Larry Hubbard & Associates, Larry’s work experience included Mobil Corporation and Ernst & Young. More information is available at: www.LHubbard.com

 

Course preparation and Administration:

No advance preparation or prerequisites are necessary for this course but a basic knowledge of the Committee of Sponsoring Organization’s Internal Controls – Integrated Framework (COSO) would be helpful.

15 CPE hours in the Auditing field of study are available.