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Introducing behavioural risk into audit assignments
Who should attend?
Heads of internal audit, audit managers, senior auditors
What will I learn?
Upon completion you will be able to:
- understand what behavioural risk is - and how it can impact the way key business risks are managed
- case studies that illustrate behavioural risk in practice
- the psychological and systemic drivers that create behavioural risk and what to do to manage their impact
- know when and how to incorporate a behavioural risk component into audit planning and audit assignments across a range of areas.
- elements of behavioural risk including – Thinking Fast and Thinking slow (Kahneman), Self-justification Wilful Blindness, Group dynamics, the impact of pressure/stress
- case studies including Columbia, Air Asia, Deepwater Horizon, Financial crisis, Barings
- understanding cultural safety factors – including learning from high reliability organisations – learning culture(s), just culture
- understanding what you will gain if you add a behavioural element to audit planning and assignment planning
- knowing how to add a behavioural risk component into an audit assignment and how it will add insight and value.
CPE competency areas covered
- Performance (Organisational governance | Risk management | Internal control
- Environment (Organisational strategic planning and management)
- Leadership and communication (Communication)
Date:7 October 2022
Live virtual course
|Member||£500.00 ex. VAT|
|Non member||£672.00 ex. VAT|