Leadership · Insight · Knowledge
Welcome to the Institute of Internal Auditors New Zealand, the professional body for internal auditing
A Risk and Control Matrix (RACM) is an essential component in providing a systematic and thorough audit of a process, a system, a function, or project. It greatly helps the auditor to develop and provide a clear and concise visual representation of the business objectives involved, the related risks and mitigating controls, and the audit testing that validates control effectiveness or points to necessary improvement in control design or operation.
The RACM allows management to clearly see the links between business elements, risks and controls, to recognise current control effectiveness and where activities and resources might be most efficiently directed to address any control weakness. For the auditor, the RACM assists audit consistency, completeness, and visible audit analysis, thus adding to the quality of audit and assurance.
This online course comprises two half-day sessions. The course covers the steps, tools and techniques for creating a risk and control matrix to help in developing and documenting a given audit assignment. These encompass:
Course participants will receive comprehensive reference notes and a copy of all course presentation slides.
Speaker: Shannon Buckley
Online Classroom
This full one day training program will be delivered in two 3 hour lessons (12:30pm - 03:30pm NZT) over two days on 30 and 31 May using Zoom.
Registrations will be strictly limited to 12 participants to allow maximum interaction in the online environment.
IIA NZ Members: $563.64 AUD
Duration & CPE: 2 x 3 Hours, 6.00 Hours