ISO 31000:2018 Lead Auditor for Risk Management

Introduction:

The ISO 31000 standard has undergone revisions and improvements, now classified as ISO 31000:2018. It encompasses the fundamental principles, comprehensive framework, and clear procedures essential for effective risk management. Every organization faces risks, and addressing these risks is crucial for improving operations, maintaining professional standards, and achieving stability—all of which are vital for excelling in the audit profession.

Enrolling in the ISO 31000:2018 Lead Auditor for Risk Management course significantly enhances an individual’s effectiveness in risk management, setting them apart in the field. Acquiring and refining skills in assessing and managing an organization’s risk management processes and practices improves operational efficiency, structural integrity, and professional standing, while minimizing potential losses.

Objectives:

At the end of the ISO 31000:2018 Lead Auditor for Risk Management course, participants will be able to:

• Recall the sections of ISO Standard 31000:2018 and identify its key elements, terms, definitions, and requirements.
• Grasp the importance of risk management and the benefits of implementing an ISO 31000:2018 Risk Management System (RMS).
• Assess both internal and external environments to identify opportunities and threats within their organization.
• Manage risks associated with management systems through various methods and tools.
• Understand the dynamic relationship between risk management principles, frameworks, and processes.
• Define the role of an auditor in risk audit planning, execution, reporting, and follow-up.
• Determine and organize the activities of an audit team.
• Coordinate effectively with auditees and audit clients.
• Manage and control audit team members.
• Prepare and finalize audit reports.
• Perform audits remotely.

Training Methodology:

• Role-Playing Scenarios
• Audit Simulation
• Peer Review and Feedback
• Hands-On Risk Assessment Activities
• Real-Time Audit Reporting Practice
• Continuous Assessment and Quizzes

Course Outline:

Part A: ISO 31000:2018 Requirements

Unit 1: Overview - About Risk Management

• Why is there a necessity for using this standard? (ISO 31000:2018)
• What makes this new standard different from the old one? (ISO 31000:2009)
• What are the advantages of the new standard? (ISO 31000:2017)
• What is the main content of the new standard? (ISO 31000:2017)

Unit 2: Clauses of the Standard ISO 31000:2018 Risk Management

• Introduction
• Scope
• Normative References
• Terms and Definitions
• Principles

Unit 3: ISO 31000:2018 Risk Management Framework

• General
• Leadership and Commitment
• Integration
• Design
• Implementation
• Evaluation
• Improvement

Unit 4: ISO 31000:2018 Best Risk Management Process

• General
• Communication and Consultation
• Scope, Context, and Criteria
• Risk Assessment
• Risk Treatment
• Monitoring and Review
• Recording and Reporting

Part B: ISO 31000:2018 Lead Auditor Techniques

Unit 5: The Audit

• What is an audit?
  • Definition
  • Etymology
  • Critical Thinking
  • Glossary
• What is the reason for this audit?
• Audit Types Section

Unit 6: Audit Steps

• Outline Audit Plan
• Create Checklists
• Call Open Meeting
• Perform the Audit
• Hold Close Meeting
• Prepare Audit Report
• Follow-Up Activities of Audit

Unit 7: Audit Program “Goals and Objectives”

• Audit Program: Goals, Risks & Opportunities
• Processes Related to the Management of an Audit Program
• Plan, Execute, and Control the Audit Program
• Audit Program Controls
• Process of Developing and Implementing an Audit Program

Unit 9: Evaluation of an Auditor

• Auditor Quality Assessment
• The Behavior Exhibited by the Auditor
• Field Code of Conduct for the Auditor
• Characteristics of an Auditor
• Auditor's Conduct
• Conduct of the Auditee
• Formation of the Audit Team
• Abilities of Audit Team Members
• Assessment Procedure for Auditors
• Control and Development of Auditor’s Occupational Skills

Unit 10: Psychological Factors During an Audit

• Attitudes and Relations with People
• Barriers and Participation in Communication
• Problems of Space and Time
• Non-Verbal Messages

Unit 11: Audit Tips and Techniques

• Tips to Train an Auditor
• Competence of the Audit Program Manager