Event details

Developing and Auditing a Risk Management Framework - Online Classroom

Your Competitive Advantage

Internal audit is vital to the proper management of risk and risk governance. Current corporate governance codes – like that of ASX for example – place internal audit squarely at the front and centre of their risk management strategies.

Learn more about ensuring that your risk management is sound, effective and well governed in this highly interactive and practical course, loaded with real-life, down-to-earth case studies from both private and public sectors. This course aims to help you:

  • Be better informed about risk, risk mitigation and risk resilience to help with your audit planning and the subsequent auditing of your risk management framework
  • Identify areas or issues for further development, improvement or invigoration of your risk management as well as its auditing

Benefit from the Right Topics

  • Understanding context for risk management and audit - purpose, objectives and criteria for your risk management framework; key stakeholders and responsibilities; what needs confirming and reinforcing; the role of internal audit
  • Understanding risk in your organisation - defining risk types; accumulation/concentration of risk; assessing risk appetite, risk attitude, risk resilience and residual risk; defining risk indicators for reporting; aligning audit priorities with risk priorities
  • Understanding and assessing risk mitigation - risk control measures and confirming their effectiveness; confirming risk response; defining and evaluating risk management performance measures; assuring efficacy of risk controls
  • Considering risk management standards – overview of relevant Australian and international risk management standards like AS/NZS ISO 31000:2018 and COSO ERM 2017; their practical application for governance and audit; considering where internal control and risk management might fail and how fix
  • Ensuring complete and functional management - defining and assessing effectiveness; ensuring effectiveness in key external organisations; testing total framework effectiveness; reinforcing risk management behaviours; confirming risk management quality
  • Assuring sound and effective risk management - providing objective advice and assurance to stakeholders

Gain Tangible and Practical Outcomes

  • Enhance your knowledge and ability to recognise and assess organisational risk
  • Understand the elements of effective risk management and internal audit's role in these
  • Establish and audit your performance measures for effective risk management
  • Improve knowledge and capability of internal audit for ensuring effective risk management 


Presenter: Chris Teniswood - Principal, Pinpoints Solutions


Online Classroom:  The content delivered for IIA-Australia training programs in the online classroom format is the same as what would be delivered face-to-face.

This one-day training program will be delivered in two 3 hour lessons (09.30 am - 12:30pm AEDT) using Zoom. Registrations will be strictly limited to 12 participants to allow maximum interaction in the online environment.

For credit card payments: Click REGISTER NOW button below

For Funds Transfer payments:
Download the funds transfer registration form here and email the completed form totraining@iia.org.au.

Click here to view our terms and conditions

Register now

Tuesday, 27 July 2021 to Wednesday, 28 July 2021
Online Classroom


Overseas Member (ex GST)
Overseas Non-Member (ex GST)

Duration and CPE
2 x 3 hours, 6.00 hours
For more information please contact Kalpana Dhasan
+61 02 9267 9155