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Integrating AuditBoard internal audit risk assessments with crucial qualitative insights
December 17, 2025 @ 2:00 pm – 3:00 pm EST
Description:
This session introduces a dynamic Excel-based internal audit risk assessment companion tool designed to enhance AuditBoard’s audit planning modules. The tool expands beyond the traditional quantitative model of impact × likelihood × strength of controls to incorporate key qualitative factors (such as enterprise strategic alignment, executive priorities, ethics and fraud concerns, and known control deficiencies) while integrating live metadata from AuditBoard. Participants will learn how the tool helps audit teams contextualize and document their risk universe, allocate internal and external audit budgets, and generate a defensible, data-driven annual and multi-year internal audit plan.
Learning objectives:
- Identify commonly requested qualitative factors that strengthen the traditional risk assessment process.
- Demonstrate how to integrate AuditBoard data into a structured Excel risk assessment to provide richer contextual analysis.
- Apply qualitative criteria to balance audit coverage, budget constraints, and strategic priorities in developing the internal audit plan.
- Develop a comprehensive and custom risk-based internal audit plan, leveraging both quantitative scoring and qualitative insight.
CPE credit(s): 1
Field of study: Auditing
Instructional delivery method: Group Internet Based
Level: Basic
Prerequisite: None
Advanced preparation: None
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