Risk Based Auditing

Reshaping the Audit process for Value Addition

Best Hotel Bujumbura, Burundi 26th & 27th September 2012

Improving your performance through proven techniques to eectively add value

Your workshop facilitator:

Alex MB Twesigye a Consultant - Alines & Co and Past President Institute of Internal Auditors Uganda. Alex MB Twesigye is a specialist in Internal Auding, Risk Management, Compliance, Governance,Board advisory, Fraud Prevention, Business Continuity,Business processes and controls. He is a certied trainer with Institute of internal auditors for various courses.

Attend this informative event and gain practicalinsights into: Internal auditing is a profession thats always evolving, always changing, especially in the area of risk-based audit approaches. Successful audit leaders know that its imperative that they continue to hone their skills in guiding their organizations risk-based auditing, while improving their current internal audit processes. Through case studies, group discussions, round tables, and facilitator presentations, this course will help audit team leaders and other management level audit professionals align their organizations strategies, visions, and values with the internal audit process. Furthermore, participants will come to understand the importance of corporate governance and enterprise risk management, while learning to identify risks, perform risk assessments, develop a risk-based assurance plan, understand entity-wide controls, and plan a risk-based engagement.

Alines & Co training courses includethe following benets:

Pre-course questionnaires to identify your specic trainingneeds An in-depth tailored programme to address marketconcerns Diverse, real-life case studies The highest standard of dynamic trainers with crossindustry experience Comprehensive and detailed course documentation Interactive discussions and breakaway sessions Practical exercises

Pilkington Road Amber House Suite A415 Tel: +256(77) 2470088 +256(75) 2470088 E-mail: twesige2005@yahoo.com

Day 1

Role of Internal Audit In an Organization

Session One, addresses the internal audit role and relationship with theorganisations strategy Aligning the internal audit role to the organisations strategies Establishing appropriate level for internal audit for eectiveness in todays everchanging environment Tyloring internal audit activities to the new roles such as laws, regulations basing on leading practices Identifying key aspects of internal controls and factors that limit their eectiveness Eectively delivering value to the audit committee in the areas of controls, riskmanagement, and governance About your course facilitator Mr Alex M B Twesigye currently a Consultant with Alines & Co, aregional business consulting rm serving organisations in Eastern Africa specialising in Risk Management, Internal audit, Compliance, Governance,Board advisory, Fraud Prevention, Business Continuity, Business processes andcontrols. Alex Twesigye has a wealth of experience, before joining Alines & Co, Alex was the Regional Internal Audit Manager - Africa for FINCA International (Micro Financial Institution), Prior, he was the Director Enterprise Risk Services at Deloitte & Touche, Head of Internal Audit for Uganda Communications Commission and Head of Internal Audit at Uganfa Red Cross Society. Alex is a Director and the Chairman Audit Committe- Bylor Colledge of Medicine (Uganda), Audit Committe Member for four Ministries in Government of Uganda (Ministry of Foreign Aairs, Ministry of Trade and Industry, Ministry of East African Aairs and Ministry of Wildlife and Heritage). He has serves on various committees and task forces in a number of organizations. Alex is a Past President and mMember of Trustees - Institute of Internal Auditors Uganda. Alex has over fteen years experience in Internal Auditing, enterprise riskmanagement and in developing business processes, systems and controls to awide range of clients both in public and private sector industries. Alex is a career Internal Auditor and Risk Professional with vast experience in Auditing and Risk Management, Business risk control,Enterprise risk Management, Micro nance and banking operations, Credit andtrade nance, Treasury management, Systems Development for Micro nanceand banking operations, Investigations and fraud prevention, InformationSystems Audit, accounting systems, Financial due diligence and Financialadvisory, Capital Markets and Corporate governance. Alex has presented in a number of conferences and workshops in East African region and has also attended a number of International conferences in Internal Audit, Risk Management and Corporate governance. Alex is a certied trainer for the Institute of Internal Auditors couses for the region. He is a certied Internal Auditor (CIA), Certied Information Systems Auditor (CISA), a Certied Public Accountant (CPA), and Certied Government Auditing Professional (CGAP). He also holds an Bachelors Degree of Science from Makerere University and an MBA from University of Leicester UK.

Practical Exercise In this introductory session r e g a r d i n g the changing role of the internal audit and its relationship with the organisation strategy.

Session Two Understanding Enterprise Risk Management and its linkage internal audit plans Dening the business processes Dening the business processes Understanding enterprise risk management Comprehending the role of Internal audit in risk management Linking enterprise risk management to internal audit activities Identifying the skill sets and competencies required under a risk based approach Identifying reporting relationships for eective adaptation of a risk basedapproach Re-focusing internal audit activities to realise real value of the audit function in business terms

Session Three Creating a risk intelligent organisation Exploring the value agenda Linking organisation strategy to risk Dening risk management and risks (risk strategy and framework) Dening risk appetite and tolerance limits Employing a risk intelligent culture Building risk proles and risk registers Assigning risk management roles Marketing enterprise risk management

About Alines & Co professional training

Alines & Co professional training division has been developed to oer courses ofthe highest calibre to industry practitioners. Our clients increasing demands for highquality hands-on training, drives our focused output. Thorough research ensuresapplicability to current business concerns.Training courses are being oered within the region. For further details please contact: Alex on+256(77) 2470088 or through email: twesigye2005@yahoo.com

Session Four Developing and executing risk based auditing engagements Dening the audit universe Building a risk based internal audit plan Linking the audit plan to risk exposures Getting the board audit committee and senior management involved Identify the process of performing a risk-based engagements Identify the risk-to-business processes and risk events/ assessing the adequacy of the risk management process Identify the denition of controls, the type of controls, and evaluation methods for controls

Practical Exercises In this highly interactive session, delegates will benetby going into small groups and discussing how they can develop a risk basedinternal audit plan. The groups will present and discuss outcomes from their discussions.

In-House Training Solutions

If you have a number of delegates with similar training needs, then you may wish to considerhaving an In-House Training solution delivered locally on-site. Courses can be tailored tospecic requirements. Please use the amove contacts.

ALINES & CO.

Certified Public Accountants

Pilkington Road Amber House Suite A415 Tel: +256(77) 2470088 +256 (75)2470088 E-mail: twesige2005@yahoo.com

Day 2

Register Now, Please contact Ronald

Tel : +25775694489, +25771210288 Email : bcpaburundi@yahoo.com, basiitar@yahoo.com

Session One Using a risk based internal audit approach on specic engagement projects Addressing risk assessment in specic engagement planning Comprehending the meaning of true business risk and its impact on the audit function Planning risk facilitation workshops and self assessments Understanding the key risk indicators Scoping the project Addressing how to eectively utilise the key components of a real risk assessment Adapting the ability to identify key types of business risk Acknowledging the interrelationship between business risk and control failure Examining how to make risk a top priority in the audit process Communicating the linkage of organisation wide risk framework Developing process maps as tools for individual engagement planning Session Two Developing risk based internal audit programmes in your organisation Examining how to successfully shift from testing controls towards testing risk management capabilities Moving from compliance audits to auditing risks Using organisation wide risk registers to feed into the audit programme Establishing the assignment plan and determining the project objectives Building a picture of the risks by determining the level of testing required Examining the depths and methods of testing the risk in the specic audit project Utilising risk assessment to build individual audit programmes Evaluating the adequacy of control processes Session Three Optimising audit planning using a strategic risk based approach Translating key risks from the business risk process into the basis of the audit programme Determining the level of assurance required for the dierent levels of risk Knowing the minimum acceptable audit coverage Developing an audit risk analysis model to transform risk through extensive risk audit Establishing an audit priority schedule for a more eective continuous audit process Pinpointing which risks are not easily auditable and how to deal with them Practical Exercise In this session delegates will undergo a practical exercise on a selected generic specic engagement using a risk based approach. Session Four Developing a risk-based auditing and monitoring plan from the identied risk priorities Employing the maturity model towards a risk based internal audit approach Building a road map for transitioning to a risk based audit approach Monitoring success of risk based audit approach Establishing the assignment plan and determining the functional objectives Building a picture of the risks by determining the level of testing required Examining the depths and methods of testing the risk Applying structure and expert knowledge when dealing with audit customers Utilising risk assessment to build individual audit programmes Utilising audit tools to measure standards and criteria by determining the threats to success

Session Five Understanding risk-based audit reporting and employing it successfully in your audit function Complying with guidelines and understanding the objectives of reporting Comprehending who is the report for and need for reports with impact Complying and writing within the professional standards Linking objectives, risk and audit observations in audit reporting Addressing the executive summary and ways to use it eectively in your audit plan Mastering the best practice in main reports and writing reports Simplifying the report and incorporating more audit reporting ideas Presenting quarterly and annual internal audit reports to the board audit committee Practical Exercise In these sessions, delegates will benet by going into small groups and discussing how t o eectively master risk based auditing

Why you should attend this training

As a proession, Internal auditing is continously changingand evolving especially in the area of risk based auditing approaches. This is why audit practioners know that its imperative that they continue to hone their skills in guiding their organisations risk based auditing, while improving their current internal audit processes. Through case studies, group discussions and supplemental lectures, this two day training will help audit team leaders and other management level audit professionals align their organisations strategies, visions, and values with the internal audit process. Furthermore, participants will come to understand the importance of corporate governance and enterprise risk management, while learning to identify risks, perform risk assessments, develop a risk-based assurance plan, understand entity-wide controls, and plan a risk-based engagement.

Who should attend

Audit Directors Audit Team Leaders Risk based Auditors IT Auditors From all Industries Audit Managers Internal Auditors External Auditors Those in charge of ERM activities and Risk

Programme schedule
0800 0830 1030 1050 1230 1330 1500 1520 1630 Registration and Coee Morning Session Begins Morning Refreshments Networking Luncheon Afternoon Session Begins Afternoon Refreshments and Networking Break Course Concludes

All timings are approximate due to the interactive nature of the course

Alines & Co would like to thank everyone who has helped with the research and organisation of this event, particularly the trainer, who has kindly committed and supported the event.

ALINES & CO.

Certified Public Accountants
Alines & Co

Pilkington Road Amber House Suite A415 Tel: +256(77) 2470088 +256 (75)2470088 E-mail: twesige2005@yahoo.com

reserves the right to change the venue of, or speakers at the training course should circumstances require.

Risk Based Auditing

Details VENUE; BEST HOTEL BUJUMBURA

Sales Contract RONALD BASITA Tel: +25771210288, +25775694489,

Name / Position Email: Direct phone number/mobile number: Name: Position: Email: Direct phone number/mobile number: Name: Position: Email: Direct phone number/mobile number: Organisation:

Register Now
Contact Sales at BCP Company

Located at Avenue des Paysans Asiatique Qtr Buj

Tel : +25771210288, +25775694489, Email : bcpaburundi@yahoo.com, basiitar@yahoo.com

Date:

26th & 27th September 2012

Hotel Accommodation
Accommodation is not included in the conference fee.

Alines & Co Kampala Oce, 4th Floor Amber House Suite A 415, Pilking Rd, Kampala, Uganda

Payment Method
* Cash is not encouraged as a form of payment

Sales Contract
Please complete this form immediately and send back to Address:

RONALD BASITA
Postcode Fax: ( )

Town: State Tel: ( )

BCPA BRIDGE AND COMPANY CERTIFIED PUBLIC ACCOUNTANTS

COMPANY OF AUDITING, ACCOUNTING, RESEARCHAND TRAINING. Located at Avenue des Paysans in Asiatique Quarter Bujumbura-Burundi Email :bcpaburundi@yahoo.com basiitar@yahoo.com, , .

Nature of Business: Company Size: 1-9 100-249 10-24 250-499 25-49 500-999 50-99 1000+

Tel no. +25775694489, +25771210288,

Authorisation
Signatory must be authorised to sign on behalf of contracting organisation.

Name: Position: Email: Signature:

This booking is invalid without a signature.

VAT NO.4000117863 A/C NO. 301002136201-61 - BANCOBU A/C NAME: BRIDGE AND COMPANY CERTIFIED PUBLIC ACCOUNTANTS.

Date:

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Terms & Conditions
1.Fees are inclusive of programme materials and refreshments. 2. Payment Terms: Following completion and return of the registration form, full payment is required within 5 days from receipt of invoice. PLEASE NOTE: payment must be received prior to the conference date. A receipt will be issued on payment. Due to limited conference space, we advise early registration to avoid disappointment. A 50% cancellation fee will be charged under the terms outlined below. We reserve the right to refuse admission if payment is not received on time. 3.Cancellation/Substitution: Provided the total fee has been paid, substitutions at no extra charge up to 14 days before the event are allowed. Substitutions between 14 days and the date of the event will be allowed subject to an administration fee of equal to 10% of the total fee that is to be transferred. Otherwise all bookings carry a 50% cancellation liability immediately after a signed sales contract has been received by Alines & Co. (as dened above). Cancellations must be received in writing by mail or fax six (6) weeks before the conference is to be held in order to obtain a full credit for any future Alines & Co. conference. Thereafter, the full conference fee is payable and is nonrefundable. The service charge is completely non-refundable and non-creditable. Payment terms are ve days and payment must be made prior to the start of the conference. Non-payment or non-attendance does not constitute cancellation. By signing this contract, the client agrees that in case of dispute or cancellation of this contract that Alines & Co. will not be able to mitigate its losses for any less than 50% of the total contract value. If, for any reason, Alines & Co. decides to cancel or postpone this conference, Alines & Co. is not responsible for covering airfare, hotel, or other travel costs incurred by clients. The conference fee will not be refunded, but can be credited to a future conference. Event programme content is subject to change without notice. 4.Copyright etc: All intellectual property rights in all materials produced or distributed by Alines & Co. in connection with this event is expressly reserved and any unauthorized duplication, publication or distribution is prohibited. 5.Client information is kept on Alines & Co. group companies database and used by Alines & Co. group companies to assist in providing selected products and services which maybe of interest to the Client and which will be communicated by letter, phone, fax, (inc. automatic dialling) email or other electronic means. If you do not want Alines & Co. to do this please tick this box [ ]. For training and security purposes telephone calls maybe recorded. 6.Important note: While every reasonable eort will be made to adhere to the advertised package, Alines & Co. reserves the right to change event dates, sites or location or omit event features, or merge the event with another event, as it deems necessary without penalty and in such situations no refunds, part refunds or alternative oers shall be made. In the event that Alines & Co. permanently cancels the event for any reason whatsoever, (including, but not limited to any force majeure occurrence) and provided that the event is not postponed to a later date nor is merged with another event, the Client shall receive a credit note for the amount that the Client has paid to such permanently cancelled event, valid for up to one year to be used at another Alines & Co. event. No refunds, part refunds or alternative oers shall be made. 7.Governing law: This Agreement shall be governed and construed in accordance with the law of Uganda and the parties submit to the exclusive jurisdiction of the Uganda Courts in Kampala. However Alines & Co. only is entitled to waive this right and submit to the jurisdiction of the courts in which the Client's oce is located. 8. Client hereby acknowledges that he/she specically authorizes that Alines & Co. charge the credit card listed above for the amount provided herein; that this Contract is valid, binding and enforceable; and that he/she has no basis to claim that any payments required under this Contract at any time are improper, disputed or unauthorized in any way. Client acknowledges that they have read and understood all terms of this contract, including, without limitation, the provisions relating to cancellation.

Fees
(per delegate - Please indicate your choice & complete the Authorisation Section) Professional Training Premier Plus @ USD 500 per delegate Ask about our special discounted rates

Payment is required within 5 working days. Fees include refreshments, luncheons and programme material and a service charge of 24%. VAT (where applicable) is levied at rate of 16%. Withholding Tax is levied at the prevailing rate. Indemnity: Should for any reason outside the control of Alines & Co trainings, the venue or speakers change, or the event be cancelled due to an act of terrorism, extreme weather conditions or industrial action, marcus evans trainings shall endeavour to reschedule but the client hereby indemnies and holds Alines & Co evans trainings harmless from and against any and all costs, damages and expenses, including attorneys fees, which are incurred by the client. The construction, validity and performance of this Agreement shall be governed in all respects by the laws of U g a n d a to the exclusive jurisdiction of whose Courts the Parties hereby agree to submit.