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Emerging risk integration in audit risk assessment and risk-oriented audit planning

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Europe/Luxembourg
Ends
Europe/Luxembourg
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Dates : 22-23 September 2026
The training is 2x1/2 day from 13:00 to 16:30
Language : English
CPE Points : 7
Deadline to register : 14 September 2026
Trainer name: Dr. Dominik Förschler
Type of session (Online training/ In-Person Training / Webinar): Online training

Overview

Emerging risk integration in audit risk assessment and risk-oriented audit planning, including geopolitical risks, environmental risks, G20 BowTie Risk Approach.

Strong risk volatility due to new geopolitical risks and their impact on global supply chains require further audit analysis and a dynamic design of audit planning. Global network influences, tightly synchronised international supply chains and shorter product cycles, in an environment that strongly influences corporate business models, demand a timely and forward-looking audit.

New audit analysis approaches are necessary in order to analyse cause-effect chains more foresightedly and to recognise "emerging risks" earlier. In doing so, it is not only necessary to apply techniques that are able to recognise "grey swans", but also to identify and evaluate new emerging risk combinations in the form of so-called "black swans" as early as possible. In order to be up to this task, it is important to promote new employee qualifications in analytical thinking in the form of meta-competences in addition to methodological tools such as bow-tie risk assessments.

In this training, you will learn analysis techniques for emergent risks as well as their integration into a dynamic audit process design or audit planning.

Who should attend?

Audit professionals, audit managers

Course description

Content modules: 

    • Prelude: Emerging risks in Internal Audit Risk Assessment Techniques 

    • Creating a new risk atlas of gross risks

    • The Known-Unknown in the Johari Window Methodology

    • Analysis techniques for making audit processes more dynamic

    • Geopolitical risks and their risk impact on a new audit universe

    • Designing dynamic audit planning

    • Developing as an employee through the creation of meta-competences

    • Joint conclusion and road map for practical implementation

Trainer bio

Dr. Dominik Foerschler
Managing Director | Senior Equity Partner
Audit Research Center | ARC-Institute
Chairman of the Digital Transformation Board

Dr. Dominik Foerschler was awarded by Richard Chambers in 2021 as one of the Top 12 influencers as Global Internal Audit Thought Leader.
In over 25 years of professional experience at Deutsche Bank, Canadian Imperial Bank CIBC and BMW in responsible management positions, with international assignments in Toronto, Chicago, New York, Madrid and London, Dominik is today the author of numerous expert books and articles in the field of Internal Audit, GRC and human resources development in renowned professional journals as well as the editor of a book series.
After holding various management positions and working as executive assistant to the President of the University of Frankfurt am Main, Germany and faculty member of the Management Research Center, Dominik now heads the Audit Research Center | ARC Institute as Managing Director. As Chairman of the Digital Transformation Board, he is also responsible for the development of new learning methods such as serious business games training as well as the developed Digital Stress Test as an audit methodology concept, which has become very well-known across Europe.