Risk Management for Internal Auditors

Field: Specialized Knowledge | Delivery Method: Self Study | CPE Hours: 6.0

Understanding risk management is a key knowledge area for internal auditors. If we expect to perform risk-based internal auditing, we have to understand risk managment.

The problem is most internal auditors do not really understand risk management outside of internal control concepts. Our profession tends to use a very specific language that doesn't make sense to other managers of risk in organizations. In fact, when we say things like "the risk of a control not working" career risk managers roll their eyes and believe we have no idea what we are talking about.

And it's not just internal auditors. Many people who work in risk management roles, don't really understand risk that well either. That is why there are so many communication breakdowns and mis-understandings when people discuss risk.

It's like everyone in a room is speaking a different language without a translator. That's confusing and inefficient, but you can learn how to be the translator.

In this course we discuss the basics of risk management and apply them in a practical and everyday example way so you really understand the concepts and can communicate with others in the organization.

Did you know there are several different risk management frameworks, and each one has their own particular definition of certain words? We dig into ISO 31000, COSO Enterprise Risk Management, and the OCEG GRC Capability Model ... three of the most common frameworks used by others in risk management, and show how the basic risk management concepts line up with these frameworks.

Did you know there are various categories, levels and functions of risk management? And depending on who you are talking to in the organization the discussion and understanding of risk may be completely different from the view of internal audit.

This course will give you a basic understanding and vocabulary about risk so you understand others, and can modify your language to be understood by them.

"It is the best risk management class I have taken" - Terry

This course come with a participant workbook so you can take notes and really integrate the information into your daily job and life. Yep, this course will actually help you manage risk in your life better too.

As with all cRisk Academy on-demand courses, you have lifetime access to the videos so you can refer back to it as often as you need.

Field: Specialized Knowledge

Delivery Method: Self Study

CPE Hours: 6.0

Format: Video

Your Instructor

Jason Mefford
Jason Mefford

Jason Mefford is a rock star in internal audit, risk management and compliance. He typically works with Chief Audit Executives (CAE) and professionals in audit, risk and compliance with the technical and soft-skills needed to navigate the land mines of organizations. He takes complicated, confusing & hard things, makes them practical, proactive & simple to improve learning and transformation. He's been an executive in charge of internal audit, risk management, ethics, compliance, and information security.

You can learn more about him at: https://www.jasonmefford.com and https://bit.ly/AuditLeader

Frequently Asked Questions

When does the course start and finish?
The course starts now and never ends! It is a completely self-paced online course - you decide when you start and when you finish.
How long do I have access to the course?
How does lifetime access sound? After enrolling, you have unlimited access to this course for as long as you like - across any and all devices you own.
What if I am unhappy with the course?
We would never want you to be unhappy! If you are unsatisfied with your purchase, contact us in the first 7 days and we will give you a full refund.

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