Course title

Introducing Behavioural Risk into Audit Assignments (1 day)

​

​

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

 

Course Programme

• 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 

• Professionalism

• Performance (Organisational governance | Risk management | Internal control

• Environment (Organisational strategic planning and management)

• Leadership and communication (Communication)

​

James C Paterson is a former Head of Internal Audit. He is on the IIA UK panel for EQA, helping to set up their EQA assessment frameworks.  He has extensive experience of doing EQAs, and also helps organisations prepare for an EQA. He delivers this course across Europe, including other courses on how to qualify to be an EQA assessor. He is the author of the book “Lean auditing”