Two Day Seminar: Fundamentals of Risk-based Auditing

Course Code:
CPE Hours:
Course Start Date:
September 09, 2019
Course End Date:
September 10, 2019
9.00 AM - 5.00 PM
Registration Deadline :
September 02, 2019
Level of course:
Level 1
Jennifer Vayding
Competency areas:
Governance, Risk and Control [GRC]
Course venue:

M Hotel Singapore

Course fee (IIA/ ISACA member):
(Inclusive of GST)
Course fee (non-member):
(Inclusive of GST)
Other Memberships valid for discount:
10% off non-member rate for ISCA and ACCA member
Lunch Provided:
Tea Break:
Course Overview:

NTUC members enjoy 50% unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP (Union Training Assistance Programme). Terms and conditions apply.
For more information, please click here.

SSG Approved (Funding for Employer Sponsored Training)
Funding for self-sponsored or Eligible employer-sponsored training is available under the SSG Training Grant for participants who are Singaporeans and PRs.
Click here for more details on various schemes.

Master the skills necessary to manage audit teams with efficiency. This course provides new managers with the tools needed to effectively manage audit teams, while exploring the life cycle of an audit from an audit manager’s perspective.

During this course, you will examine and practice the skills needed to lead as a manager by learning how to supervise and develop an audit team, manage change, and effectively manage relationships with not only your team, but also with the CAE, executive management, and the audit committee.

This course is designed for internal auditors with more than 5 years’ experience and/or those developing into becoming a Audit Manager

Course description :

Upon completion of the course participants will be able to:
• Explain the role of the internal auditor in risk-based auditing.
• Identify key risk and risk management concepts and principles.
• Identify internal and external influences of risk.
• Identify risk categories.
• Identify well-known risk frameworks, including COSO and ISO 31000.
• Explain the importance of risk appetite and risk tolerance.
• Define risk measurement criteria that support the analysis of risk.
• Interpret the nature of inherent and residual risk.
• Apply risk and risk management concepts in planning a risk-based audit engagement.
• Apply tools to conduct a control evaluation in a risk-based audit engagement.
• Develop best practices for effectively communicating observations in a risk-based audit engagement.

Risk-based Internal Auditing: An Overview
• The definition of internal auditing
• The International Standards for the Professional Practice of Internal Auditing (Standards)
• The value of risk-based internal auditing

Risk and Risk Management: Principles and Concepts
• Risk overview and the definition of risk
• Risk management definitions
• Risk and risk management misconceptions
• Objectives as they relate to risk
• Uncertainty as it relates to risk
• External risk versus internal risk
• Risk categories
• Other risk considerations

Risk Frameworks: An Overview
• The purpose of risk management frameworks
• Major risk and control frameworks
• COSO Internal Control Framework
• COSO ERM Framework
• ISO 31000

Risk Assessment Criteria
• The importance of risk assessment criteria in risk-based auditing
• Risk appetite definition and concepts
• Integrating risk appetite with risk assessments
• Risk tolerance definition and concepts
• Risk likelihood and impact
• Other risk criteria

The Risk-based Audit Engagement: Planning and Risk Assessment
• Risk-based audit engagement purpose
• Risk-based audit engagement approach
• Risk maturity
• Risk identification
• Risk assessment

Risk-based Audit Engagement: Control Evaluation
• Managing risks
• Definition of control
• Types of controls
• Evaluating controls
• Tools for evaluating controls

Risk-based Audit Engagement: Communicating Results
• Purpose of communicating
• Why audit reports fail to communicate
• Communicating an audit observation

Risk-based Audit Engagement: Implementation Challenges
• Roadblocks to success
• Personal implementation challenges
• Possible solutions

Ms Jennifer Vayding has extensive internal audit experience where she had held the Head of Internal Audit position for various organisations in Singapore for more than 25 years. Her experiences spanned across various sectors covering public-listed companies, government statutory board and university (NTU, CDL, SATS, NOL, A*STAR, INTRACO, INCHCAPE). With a career specialised in internal auditing, risk-based audit planning and risk- based auditing had been part and parcel of her everyday audit work especially with the availability of today’s automated systems.

As the Head of Internal Audit, Jennifer had also conducted risk assessment and control self assessment workshops as well as providing advisory services to senior management on designs of various policies, control procedures and systems

Graduated with a Bachelor degree (Accounting major) from University of Iowa, Ms Jennifer is also a Certified Internal Auditor (CIA) and Certified Risk Assurance Management (CRMA) by the Institute of Internal Auditors. She was also a two-time recipient of the Internal Audit Excellence Awards by Securities Investors Association Singapore (SIAS) during her employment at CDL. For non-profit sector, Jennifer had served as a Board Member for the Institute of Internal Auditors Singapore for 13 years and for the YWCA of Singapore for a few years.

Payment by PayNow/PayLah! transfer

Make the payment of your registration fees via PayNow/PayLah! transfer by following the steps below:

1. Upon completing your registration, proceed to payment and select the “Cheque/Fund Transfer” option.
2. Login to Internet Banking or Mobile Banking.
3. Scan our corporate PayNow/PayLah! QR code.
4. Verify our UEN number (S76SS0058D) and release funds.
NOTE: Kindly include the details below under the UEN/Bill Reference Number (text limit of up to 25 characters).

5. Once payment is made, please print screen the transaction and email to for our tracking purposes.

Please refer to PayNow and PayLah! for more information.

Group Discount
Register as a group of 4 or more participants for the same course and enjoy a 10% group discount!
Applicable for participants from the same company registered within the same day. Discount will be indicated and processed on a single invoice.

Terms and Conditions
1. Registered participants will be liable for the full fee even in the event of non-attendance.
2. A processing fee of $100 will be imposed for any cancellation. Cancellation must be submitted in writing 7 days prior to the event date and subject to IIAS’s approval. Substitutions will be permitted and conditions will apply.
3. All registrations must "Proceed to Payment" to complete registration. Full payment must be received prior the course commencement.
4. Contact Person will be notified VIA EMAIL upon successful registration of the course.
5. Complimentary parking will be provided on a first-come-first-served-basis.
6. IIAS reserves the right to revise the programme as necessary.
7. IIAS reserves the right to cancel or postpone the training should the minimum class size is not met.


A system generated email will be sent upon successful registration of the mentioned seminar.
Once the course is confirmed, an email confirmation will be sent to the registrants’ contact email addresses 1 week prior to the course commencement date
If you do not receive any email notification regarding your course registrations, please call IIA Academy at 6324 9029.

Registration Closed.