DATE: 26 February 2025
Timing : 9:00 - 13:00 (half-day)
CPE Points : 7
Deadline to register : 14 February 2025
Instructor: Sara I. James, PhD, CIA
In person Training
 
Mapping Risk in a Changing World
Course description
2020 has seen internal audit and risk teams across the globe adapt to multiple crises, often with little warning. 
Many have done well, quickly amending agreed annual plans to focus on the risks arising from the ‘new normal’. Others have sought to persuade executives and senior management that the multiple changes arising from Covid-19 require a profound shift in focus.
2021 promises to be little different. Disruption and volatility are here to stay. How can we use what we have learned from the past six months to better prepare for 2021 and beyond? 
This practical, hands-on course encourages discussion and reflection. It includes small-group exercises based on real-life examples and case studies.
 
Objectives
This workshop draws on attendees’ experience to map areas of emerging or increased risk arising from Covid-19 and different governments’ responses. Afterwards, attendees will be able to return to their teams with:
a greater appreciation of current, emerging and future risks in their own and other sectors, and how these affect each other;
examples of good practice in articulating risks and persuading senior decision-makers; and
practical ideas of how to develop or adapt plans to provide assurance more effectively and efficiently.
 
Target Audience
The course is relevant to people at all levels, from trainee to director, and particularly those working in compliance, risk and internal audit.
 
Detailed content
1) What is risk?  A quick refresher!
Definitions and standards
Common responses (individual and corporate) to risk
2) Audit plans past, present and future
Reactive changes
Proactive changes
How to prioritise
3) Translating plans into engagements and lasting improvement 
Mapping areas of shared risk and control
Effective testing and root cause
Communicating headlines to executives and management
 
Trainer
Sara I. James, PhD, CIA
Owner, Getting Words to Work®
 
With over 30 years' teaching, writing, publishing and corporate experience in the US and Europe, Sara provides report-writing training worldwide through her business, Getting Words to Work ®. She has written numerous articles on language and reporting, and spoken at national and international conferences. As a member of the Chartered Institute of Internal Auditors’ Technical Guidance Working Group, Sara provides resources for members in the UK and abroad. She is the author of the bestselling Radical Reporting: Writing Better Audit, Risk, Compliance, and Information Security Reports, and was one of Richard Chambers’ 2022 Internal Audit Beacon Award winners. For more information, please visit www.saraijames.com