In today's volatile, technology-accelerated, and geopolitically uncertain business landscape, effective corporate governance, robust risk management, and resilient internal controls are non-negotiable for organizational survival and value creation. Internal audit plays a pivotal strategic role in providing independent, objective assurance, advice, insight, and foresight — as redefined in the Global Internal Audit Standards — to help boards and senior management strengthen governance, protect value, and navigate emerging threats.

Risk-based internal auditing (RBA) remains the cornerstone of modern IA practice: It aligns audit planning, execution, and reporting directly with the organization's enterprise risk management (ERM) framework, prioritizing resources on the highest-impact risks (cyber, AI/digital disruption, geopolitical uncertainty, ESG/climate, third-party, and human capital) rather than blanket coverage. This approach ensures audits deliver measurable value — enhancing risk mitigation, control effectiveness, fraud resilience, and strategic decision-making — while meeting heightened stakeholder expectations for real-time, technology-enabled assurance.

The program equips internal auditors, risk professionals, and assurance leaders with advanced, practical skills to: conduct risk-based audits, integrate emerging topical requirements (e.g., mandatory cybersecurity, AI tools), leverage data analytics and build stronger relationships with boards.

• Gain a deep understanding of risk-based auditing concepts, practical application, and full alignment with the Global Internal Audit Standards (including principles-based assurance, IA strategy, integrated assurance, and technology enablement).

• Master techniques to identify, evaluate, prioritize, and mitigate the most critical risks — cybersecurity, AI/digital disruption, geopolitical uncertainty, ESG/climate, third-party, and human capital — using updated frameworks (COSO ERM, ISO 31000, NIST AI RMF).

• Confidently challenge management, sell proactive risk management, and provide actionable insights to boards/audit committees on emerging threats and opportunities.

• Audit high-impact areas (cyber, AI governance, supply chain resilience, fraud in digital environments) with assurance and evidence-based rigor.

• Add strategic value to your organization by delivering risk-based assurance services that link directly to business objectives, strategy, and value protection/creation.

• Build confidence in audit planning through documented risk assessments, audit universe prioritization, and dynamic resource allocation per Standards.

• Plan and execute efficient, future-oriented risk-based assignments — incorporating CAATs, AI analytics, continuous monitoring, and advisory elements.

• Strengthen your role in fraud prevention/detection — embedding fraud risk in every engagement, leveraging data mining/AI tools, and balancing proactive/preventive controls.

• Measure and demonstrate IA success through KPIs, performance objectives, engagement conclusions, prioritized findings, and benefits realization — elevating IA's credibility and impact.

• Prepare for mandatory Topical Requirements (e.g., Cybersecurity) and emerging guidance on AI governance, organizational resilience, and third-party risks.

This highly practical course has been specifically designed for:

• Internal auditors

• Internal audit managers

• Internal audit directors

• Chief Audit Executives

• Risk management professionals

• Compliance officers

• Other professionals involved in auditing, risk management, or compliance who want to learn how to apply a risk-based approach to their work

Overall, anyone who wants to develop a deeper understanding of risk-based auditing and learn how to effectively manage risks within an organization can benefit from attending the Risk Based Internal Auditing training program.

GAFM - Global Academy of Finance and Management

The GAFM was founded in 1996 by the original founders of the Graduate Leadership Society. The Founders of our Standards Board are CEOs, Executives, Professors, and industry experts from around the globe. We desire to raise education standards and ethics in the business and management industries. The Standards Policy Board awards specialized board certifications, designations, and charters in the fields of: finance, accounting, management, and consulting fields to qualified professionals who have completed internationally recognized or accredited exams & education, government recognized degrees and documented management credentials and experience. Since 1996, the Academy has been promoting accredited graduate standards for certification in business, management, law, and finance. Since the inception with the founding of the Graduate Institute of Leadership in 1996, the Academy has been focused on quality assurance with accredited education, exams, assessment, education, ethics, and continuing education. Further, applicants must also have the necessary experience in practice, research or publications in their respective areas of expertise.