Date : 26 September 2024
Timing : 9:00 - 16:30 (10:30 - 15 min break / 12:15 -13:15 - lunch break / 14:45 - 15 min break)
CPE Points : 7
Deadline to register : 13 September 2024
Instructor: James C Paterson
Online Training
 
Introducing Behavioural Risk Into Audit Assignments 
Many people are talking about culture, but fewer are really assessing this in a surgical way. Looking at behavioural risk is a way of ‘going beyond’ a general discussion about culture and risk culture in a way that better reveals risks of direct relevance to key business objectives. 
 
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; 
The audit plan each year and 
Assignment plans, so that insights from psychology can tell us where to probe things in detail 
See the connection between effective root cause analysis and culture and behavioural risk so these apparently separate ingredients are seen to be part of a package. 
 
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)