Learning outcomes

Course Overview

• Most Heads of Internal Audit would say that their functions have adopted a risk based approach
• Why then is Internal Audit often seen as negative and unhelpful, a function that points out errors and focusses on finding fault?
• Is it because it focusses mainly on failure rather than success.
• Changing this mind set is the biggest challenge for the audit function
• This highly-interactive course will show you how to deliver measurable benefits to your business by

  • Focusing audit attention on key business activities which are often not
  • Targeting areas of opportunity and added value
  • Making suggestions for reducing controls for over-managed risks
  • Delivering a future focussed process
  • Being seen as a success driver and a catalyst for positive change

After completing this course you will be able to:


• AUDIT the more complex business topics with confidence
• ENHANCE internal audit’s contribution to the business
• ENGAGE more positively with senior management
• PLAN assignments effectively to focus on opportunity as well as risk
• ASSIST management to simplify and streamline processes
• FOCUS on areas of opportunity in regular assurance reviews
• AUDIT business areas which may have not been previously covered
• APPLY a simple method to reduce unnecessary controlss

Course Level

• This is an intermediate level course and delegates should ideally have 12 months experience
• Delegates should have a good educational standard and/or a professional qualification
• No advance preparation is required

CPE credits
Participants will earn 14 CPE credits in the Auditing field of study


Training Schedule

Day one

Developing the Risk based audit role

  • 09:00 The enhanced risk based audit approach

  • 11:00 Tea, Coffee, Networking

  • 11:15 The need to understand and hopefully exceed stakeholder expectations

  • 13:00 Luncheon

  • 14:00 Auditing the key risks of the Board

  • 15:00 Tea, Coffee, Networking

  • 15:15 Ensuring IA is seen as an agent for positive change

  • 16:00 Opportunity Auditing

  • 17:00 Identifying over-managed risks

  • 18:00 END OF DAY 1

Day two

Auditing Complex business processes

  • 8:30 Tea, Coffee, Networking

  • 9:00 Auditing Corporate Social Responsibility

  • 11:00 Tea, Coffee, Networking

  • 11:15 Auditing Outsourced Operations

  • 13:00 Luncheon

  • 14:00 Auditing IT Governance

  • 15:00 Tea, Coffee, Networking

  • 15:15 Auditing systems under development
    selected by the delegates

  • 16:00 Auditing Cybersecurity risks

  • 17:00 Auditing Brand and reputation

  • 18:00 END OF DAY 2

Training Program

Download detailed Agenda - Advanced Risk Based Auditing MasterClass

Get insight into a similar past event

Get to know the Expert Trainer

Phil Griffiths
Phil GriffithsManaging Director
Business Risk Management Ltd
United Kingdom

Phil Griffiths is founder and CEO of Business Risk Management Ltd, A Chartered Accountant and an Associate of the Institute of Internal Auditors, he has over 30 years’ experience in risk management, internal audit and fraud prevention as practitioner, professional adviser, facilitator and trainer. Phil is regarded as one of the world’s leading experts in the fields of strategic risk management and Internal Audit.

Phil is recognized as an accomplished and charismatic facilitator, trainer and lecturer having advised many renowned organizations, coordinated top-level events and addressed national and international conferences on a wide range of critical business topics. He has led risk management programs for many hundreds of private and public sector clients including, development of risk strategies and facilitated workshops plus assistance with implementation.

He has developed and delivered regular training courses on risk management, fraud prevention and investigation and best practice internal audit across the world.

He is a renowned author – his recent book ‘Risk Based Auditing’ is an international best seller.

Phil has published research into many aspects of internal audit and risk management best practice, including “Strategic Risk management” “The Need to Co-ordinate Assurance Providers” and “The Expectations of Chief Executives towards Internal Audit and its future”.

Who should attend?

• Heads of Internal Audit (CAE)
• Audit Managers and those about to be appointed to that role
• Audit supervisors
• Internal Auditors

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Room reservation

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Hotel Location

Radisson Blu Park Royal Palace Hotel
Schloßallee 8
1140 Vienna

Alternative Accommodation Options

Official Airline Partner


You can always register without a name using the TBA [To Be Announced] option. Please indicate TBA instead of the delegate name and 2 weeks prior to the event you are able to send the delegate name/s to booking[at]glceurope.com
While we are not happy to see you cancel your registration, we understand that “life happens” and other obligations come up. Our refund schedule is as follows:
The client has the right to cancel his/her registration in the event.
There is a 50% liability on all conference registrations once made, whether the booking was made through our website or via e–mail/ telephone/ fax.
If the client cancels with more than 8 weeks’s advance notice, GLC shall be entitled to an amount equivalent to 50% of the conference fee and 16 EUR administration charge. In case the client has already made his/her payment, this will be deducted from the conference fee GLC has already received and the remainder will be refunded. If no conference fee has been received prior to the cancellation request, GLC will issue an invoice for the cancellation fee (the amount equivalent to 50% of the conference fee and 16 EUR administration charge), which the client must pay immediately upon receipt. No refunds are available for cancellations received with 8 week’s (or less) advance notice or in case the client fails to attend the conference. In these cases, the full amount of the conference fee must be paid.
In general no VAT is applied based on the Hungarian VAT law with the exception of individual payment [when you would like to pay from your own budget and not from the company’s budget] and for Hungarian companies where 27% VAT is applicable which is refundable at the end of the company’s fiscal year.
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We provide a conference documentation pack which includes: conference agenda, notes pages and attendee information. Soft copies of some of the presentation are available on USB-flash-drives for each delegate. You may bring your laptop, tablet or other mobile device so you are able to review the presentations while they are being presented. Free Wi-Fi will be provided and outlets will be available for recharging computers, mobile devices and phones. We highly recommend you to bring along your business cards and a desire to learn from some of the industry’s leading experts.
The dress code is business casual. Feel free to leave the suits and ties at home this time. We do suggest you bring a sweater or dress in layers, as the conference room temperature may fluctuate.
Any of our staff members at the event will be delighted to help you. You can contact us for free via WhatsApp or Viber or any time over the phone or via e-mail or post.
  1. Get the timing right.
    Many people are afraid to request for training budget, because they can’t seem to find the “perfect time” to do it. Well, there’s no perfect time to ask for it, but there are definitely some moments that are better than others. For instance, if your boss is about to take a two week vacation, he/she might be in a good mood. If he/she just lost a major account, may not be wise at that juncture.
  2. Make a case for yourself
    When you ask for budget, you should be prepared with specific details and explanations about what is in it for the company and you’re superior. If you go into a meeting and just say, “I want to get budget for a conference,” it’s likely that your request won’t be taken seriously. If you want to plan ahead, then you should be prepared to explain the following points:
    1. Start by stating your accomplishments
    2. Show that you’re ready for more responsibility and eager to learn
    3. Describe:
    a) How this event will increase your productivity?
    b) How you will need less supervision
    c) How you can bring back the knowledge to the company
    4. Follow up
You might find free to attend events which are usually organized by a solution/service provider within the industry. Unlike at free to attend events, on a paid event you will find more diverse industry knowledge rather than presentations related to services or solutions.
In case you cannot attend for both days, you can always attend for just 1 day of the event. In this case we will send you all presentations of the 2 days. The participation fee is 70% of the original investment. In case you would like to attend the event for just 1 day please contact us on booking[at]glceurope.com
In case you are busy on 1 of the days, you certainly can split the 2 day conference with one of your colleague. All you need to do is send us an e-mail to booking[at]glceurope.com
We understand that not all senior-level professionals might be available on the dates. As the event is an annual event, most of the attendees try to postpone their engagements or send a small group from their teams to benefit from the conference.

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