Internal Audit and Risk Management: Effective, accountable and inclusive organisations

In Leadership and Organisational Change by publicadmin

Duration: 1 week
Dates: 27 November to 1 December 2023
Tuition fees: £2,465 (exc. VAT)

Duration: 1 week
Dates: 25 to 29 November 2024
Tuition fees: £2,465 (exc. VAT)

About the workshop
Across the world the public sector faces a difficult and rapidly changing mix of challenges to providing effective, accountable and inclusive public organisations. Public sector organisations are having to deliver rapid, timely and appropriate responses to the energy price and cost-of-living crisis, working to minimise the impact from unusual weather activity (related to climate change), increasing pollution and demand for more sustainable public services. Citizens expect the public sector to meet all these challenges while delivering core business services as usual to the same high standards.

Organisations are under stress, yet keeping up to date has never been more important. They must adapt and evolve new ways of working in ways that had not previously been imagined. They must be resilient and their processes robust while at the same demonstrate flexibility and responsiveness to changing stakeholder needs. The new opportunities offer ways for Internal Audit to add insight and added value to the organisation, not simply solutions to problems. Reporting must move away from rigid timetabling to more timely and effective communications that demonstrate auditors are being efficient, economical and effective in their use of resources.

This workshop will show you how internal audit can adopt strong risk management-based planning principles, forming the basis, for a more flexible stakeholder centred approach to the application of their resources. Internal Audit will become more sustainable, and a value adding function.

What the workshop will cover
During the week you will explore:
• The role of internal audit and the role of risk management and the main elements of managing these functions successfully
• Risk management in a changing environment
• Developing an effective risk-based register
• Risk-based internal audit planning
• Audit methodologies, including typical techniques, traditional vs the agile internal auditor
• Discussion of emerging skill requirements
• Need for auditor independence, possible internal audit structures
• Internal audit projects, performance audit and focusing on environmental audit.

How participants will benefit
The workshop is designed to allow you to:
• Discuss internal audit and risk management in the context of your organisation
• Gain understanding of how to develop into a more agile Internal Auditor
• Examine the inter-relationship between internal audit and external audit in detail (resource stretching implications may mean more pressure to place reliance on internal audit)
• Share experience of good practice from the UK and other countries
• Share your own experiences of managing and implementing risk management and internal audit and the challenges your organisation faces
• Enable you to explore how these developments may be introduced and/or implemented in your own country.