Certified Risk, Assurance & Audit Professional

No objectives available.

• Module 1: Foundations Of Internal Audit
• Evolution and purpose of internal audit as per the GIAS
• Assurance vs. consulting roles; Limited vs. reasonable assurance distinction
• Internal Audit Charter and mandate
• Module 2: Global Internal Audit Standards (GIAS)
• Purpose of Internal Audit
• Core Ethics and Principles
• Governing the Internal Audit Function
• Module 3: Governance, Ethics & Control Environment
• Corporate governance principles and frameworks
• Governance, Risk Management, and Control (GRC) linkage
• Roles of Board, Audit Committee, and Management
• Module 4: Regulatory And Compliance Requirements
• ICAP Code of Ethics
• List Companies Code of Corporate Governance Regulation 2017
• State Own Enterprises Act 2024
• State Bank of Pakistan Guidance for Financial Institutions for Audit and Risk Function
• Module 5: Risk Management Fundamentals
• Risk definitions and categories (strategic, operational, financial, compliance)
• COSO ERM & ISO 31000 overview
• Enterprise vs. Functional/Specialist Risk Management
• Module 6: Risk Management Process
• Risk-Based Decision Making and Reporting to Stakeholders
• Monitoring, Review and Reporting
• Module 7: Skills And Competency Required For Risk Professionals
• Institute of Risk Management (IRM) Professional Standards
• Risk Management Competencies
• Behavioral Competencies
• Module 8: Risk-Based Internal Audit
• Linking risks to audit priorities
• Annual audit planning and Dynamic Audit Plan
• Resource allocation and coverage (Human, Financial & Technological)
• Module 9: Internal Controls & Control Testing
• Manual vs. automated controls
• Control design vs. operating effectiveness
• Control testing techniques
• Module 10: Audit Execution & Fieldwork
• Audit evidence (relevance, sufficiency, and reliability) and documentation
• Professional judgment during audits
• Engagement Supervision
• Module 11: Audit Reporting & Communication
• Structuring audit reports
• Root cause analysis
• Module 12: Specialized Audits
• Operational audits / Compliance audits
• IT & process audits (introductory level) under guidance of ISACA
• Module 13: Internal Audit As A Strategic Partner
• Advisory and value-added auditing
• Continuous auditing concepts
• Career pathways in audit & risk

• Live Online Sessions
• Interactive trainer-led learning approach.
• Practical Exercises
• Application of concepts through real-world scenarios.
• Case Studies
• Analysis of real-world industry scenarios and practical challenges.
• Post - Assessment (Online Examination)
• The Certification will be assessed remotely through the Computer-Based Examination (CBE)
• Participants must achieve 50% or above in the final exam to be eligible for the award of the Certification.
• The candidates will be required to undertake a 1.5 hours’ computer based examination (CBE) of each level consisting of 50 MCQs of 2 marks each.
• The participants who would not be able to achieve 50% may reappear to qualify the certifications successfully.
• Certificate
• Certificate awarded upon successful completion and passing of the final examination.