Improve government audits with actionable risk-level assessments. Follow a clear 5-step process to expertly evaluate individual risks and controls, enhancing audit impact.
Welcome to "Risk-Level Risk Assessments for Government Auditors." This course focuses on mastering the crucial process of conducting risk assessments at the individual risk level, distinct from broader entity-wide assessments. For government auditors, a deep understanding of risk assessment is vital for fulfilling mandates, complying with standards like the Yellow Book and Green Book, and ensuring effective use of audit resources.
This training provides a structured, practical framework for performing detailed risk-level assessments. We will explore a five-step process designed to guide you through identifying, analyzing, and evaluating risks effectively within specific audit areas or functions. You will learn how to break down this seemingly complex task into manageable steps.
Key learning outcomes include:
Through practical examples and guidance aligned with government auditing standards, this course will equip you with the skills to apply critical thinking, utilize various resources for risk identification, and conduct comprehensive risk assessments. You will gain confidence in articulating risk exposures and contributing valuable insights to your audit engagements and the organizations you serve.
Audit Smarter, not Harder - with Elizabeth and Audie the Internal Otteror!
Elizabeth McDowell, CPA, CIA has over 20 years of audit experience and is the founder of Audit Forward, an innovative internal audit consulting and training firm. Elizabeth is passionate about advancing and advocating for the internal audit profession and was recognized as one of the 2023 Internal Audit Beacons by Richard Chambers. Elizabeth makes auditing and training fun (no, really!) with the help of her mascot, Audie the Internal Otteror. Elizabeth’s most recent industry experience was at Achieve, where she was Sr. Director, Audit Strategy; prior to that, she held internal audit leadership roles at Elevations Credit Union, Fidelity Investments, and Xcel Energy after first starting her career at Ernst & Young.
