Introducing behavioural risk into audit assignments

Upon completion you will be able to:

• understand what behavioural risk is - and how it can impact the way key business risks are managed 
• case studies that illustrate behavioural risk in practice
• the psychological and systemic drivers that create behavioural risk and what to do to manage their impact
• know when and how to incorporate a behavioural risk component into audit planning and audit assignments across a range of areas.

• Elements of behavioural risk including – Thinking Fast and Thinking slow (Kahneman), Self-justification Wilful Blindness, Group dynamics, the impact of pressure/stress 
• Case studies including Columbia, Air Asia, Deepwater Horizon, Financial crisis, Barings
• Understanding cultural safety factors – including learning from high reliability organisations – learning culture(s), just culture
• Understanding what you will gain if you add a behavioural element to audit planning and assignment planning
• Knowing how to add a behavioural risk component into an audit assignment and how it will add insight and value.

• Professionalism
• Performance (Organisational governance | Risk management | Internal control
• Environment (Organisational strategic planning and management)
• Leadership and communication (Communication)