Monday:

8.00 am Introduction - RBIA Control Tools

• Linking the concept of controls to business risk to business objectives
• The importance of Governance in setting the control framework
• Characteristics of practical governance
• How assurance (audit) helps make Governance more effective

12.00 pm Lunch

1.00 pm Management Control Environment

• Characteristics of Management controls
• Management's role in ongoing monitoring of controls
• How Assurance helps make Management more effective
• Performance level process concepts
• Outline of performance level process controls
• Identifying over control by linking ongoing monitoring to business risks
• Connecting all the control concepts of Governance, Management and Performance to delivering on business objectives

4.00 - 5.00 pm Questions, Answers and Discussion

Tuesday:

8.00 am - Application of the Governance, Management and Performance concepts to the redesign of a broken process

• Identifying specific business risks that must be controlled in processes
• Breaking complex processes into Cradles and Graves
• Identifying failed controls

12.00 pm Lunch

1:00 pm

• Process Redesign team exercise
• Presentations of redesigned processes - demonstrate that redesigned processes have improved risk/control scenarios and cut costs

4.00 - 5.00 pm Questions, Answers and Discussion

Wednesday:

8.00 am - Understanding audit value

• Identifying Audit Customers
• Avoiding audit issues that decrease audit value
• Summary of a completed RBIA audit designed to add value
  

12:00 pm Lunch

1:00 pm RBIA Organization Tools

• Working in team based audit departments
• Role of the Audit Executive and measures for success
• Role of team members and measures for success
• Scheduling in team environment

4.00 - 5.00 pm Questions, Answers and Discussion - RBIA Concepts Exam Pretest

Thursday:

8.00 am - RBIA Methodology tools

• Interfacing with the audit committee
• Understanding algorithmic versus heuristic audit approaches
• Methodology Case Study commences in teams
• Identifying the case study audit customer
• Low level risk assessment
• Team success objectives

12.00 pm Lunch

1:00 pm RBIA audit worksheet

• Identifying the business objectives, business risk, limits of risk, management control
  structure
• Forming risk driven hypotheses and testing them
• Understanding traditional audit test standards versus RBIA testing standards
• Documenting audits

4.00 - 5.00 pm Questions, Answers and Discussion

Friday:

8.00 am - Complex Case study using quick reference cards only

• Identifying audit customer
• Low level risk assessment
• Building the audit plan
• Team success objectives

12.00 pm Lunch

1.00 pm Complete RBIA worksheet

RBIA concepts Exam

Questions, Answers and Discussion

4.00 pm Close

Please note that actual times will vary depending on the level of discussion. Lunch times may be shortened to catch up if necessary. Our goal is to start the RBIA Concepts Exam on Friday by 2.00 PM Participants have 2 hours to complete the exam. For participants not undertaking the exam, the time from 2.00 PM to close is reserved for questions, answers and discussions of actual audits they are undertaking (Confidentiality Agreement required).

The Best of the Best for 2006

RBIA Gold Medal
Ms. Martha Mimica, Florida Power & Light

RBIA Silver Medal
Mr. Bill Egan, Scotts Company

RBIA Bronze Medal
Mr. Dan Ashley, Qwest Communications

Congratulations!
prior year winners

SOX 404 RISK CONTROL MANAGER 2.1 SOFTWARE


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Updated: April 12, 2007