ISO 31000 Lead Auditor Training

The ISO 31000 Lead Auditor Course offers in-depth training for professionals responsible for assessing and auditing risk management systems. Based on ISO 31000 and aligned with ISO 19011 audit guidelines, this course equips learners with the skills to conduct effective, evidence-based audits. Participants learn how to evaluate risk policies, engage stakeholders, and promote continual improvement through structured audit cycles. 

Key Topics Covered 

• ISO 31000 Principles and Framework: Understanding the standard’s foundation for effective risk management  

• Audit Process and Planning: Scope, criteria, methodology, and resource management  

• Conducting Risk Audits: Evidence collection, interviews, and identifying nonconformities 

• Reporting and Follow-Up: Writing actionable findings and tracking improvements  

• Risk Culture and Leadership: Assessing integration of risk thinking into strategy and governance

Course Benefits 

• Lead Risk Audits with Confidence: Gain practical tools to assess ISO 31000 implementation  

• Enhance Organisational Risk Maturity: Promote strong governance through effective audits  

• Build Audit Leadership Skills: Prepare for senior roles in compliance and assurance  

• Improve Stakeholder Trust: Help organisations meet internal and regulatory expectations 

This course is ideal for professionals responsible for auditing, implementing, or overseeing risk management systems. It is particularly beneficial for: 

• Internal and Lead Auditors  

• Risk and Compliance Managers  

• Corporate Governance Professionals  

• Strategic Planners and Consultants  

• Project and Programme Leaders 

Module 1: Introduction to ISO 31000

• Introduction

• Scope

• Normative References

• Terms and Definitions

• Principles

Module 2: Risk Management

• Introduction

• Process

• Response to Risks

• Importance of Risk Management

Module 3: Framework

• General

• Leadership and Commitment

• Integration

• Design

• Implementation

• Evaluation

• Improvement

Module 4: Process

• General

• Communication and Consultation

• Scope, Context, and Criteria

• Risk Assessment

• Risk Treatment

• Monitoring and Review

• Recording and Reporting

Module 5: Risk Treatment

• Risk Response Planning

• Identification of Options

• Development of Action Plan

• Approval of Action Plan

• Implementation of Action Plan

• Identification of Residual Risks

Module 6: Methods for Risk Management

• Avoidance

• Retention

• Sharing

• Transferring

• Loss Prevention and Reduction

Module 7: Audit Risk

• What is Audit Risk?

• Types of Audit Risk

Module 8: Internal Audit and Principles of Auditing

• What is an Internal Audit?

• What Do Internal Audits Accomplish?

• Risk Management and Compliance

• Duties of an Internal Auditor

• Introduction to Auditing

• Principles of Auditing

Module 9: Managing an Audit Programme

• General

• Establishing Audit Programme Objectives

• Determining and Evaluating Audit Programme Risks and Opportunities

• Establishing the Audit Programme

• Implementing Audit Programme

• Monitoring Audit Programme

• Reviewing and Improving Audit Programme

Module 10: Conducting an Audit

• General

• Initiating Audit

• Preparing Audit Activities

• Conducting Audit Activities

• Preparing and Distributing Audit Report

• Completing Audit

• Conducting Audit Follow-Up

Module 11: Conducting the Risk Assessment

• Risk Assessment Scope

• Risk Assessment Process

• Collect Information

• Identify Systems or Processes at Risk 

• Evaluate the Likelihood of Harm Occurring

• Evaluate the Impact

• Determine Risk for the Item

• Investigate Options for Eliminating or Controlling Risks

• Prioritise Action and Decide on Control Measures

• Implement Controls

• Measure the Effectiveness of Implemented Actions

• Assessing Risks at Organisational Level

• Assessing Risks at the Business Process Level

• Assessing Risks at the Information System Tier

• Communicating Risk Information

Module 12: Risk Mitigation Planning, Implementation, and Progress Monitoring

• Introduction

  MITRE SE Roles and Expectations

• Risk Mitigation Strategies

Module 13: Implementing Risk Management Plan

• Overview

• Process of Implementing Risk Management Plan

• Conclusion of Implementing Risk Management Plan

Module 14: Monitoring and Reviewing Risk

• Monitoring and Reviewing Risk Management Framework

• Reporting and Recording

Module 15: Continual Improvement of the Framework for Risk Management

• Overview

• PDCA Implementation

• Indicators of the Need for Continual Improvement

• Linking Continuous Improvement and Risk Management

• Steps of Continuous Improvement of an Organisation’s Risk Culture

Module 16: Competence and Evaluation of Auditors

• General

• Determining Auditor Competence

• Establishing Auditor Evaluation Criteria

• Selecting Appropriate Auditor Evaluation Method

• Conducting Auditor Evaluation

• Maintaining and Improving Auditor Competence

By the end of the course, you will be able to:

• Understand ISO 31000 principles and their role in risk management audits  
• Plan and lead risk management system audits independently  
• Conduct structured audit activities based on ISO 19011 guidelines  
• Identify strengths, weaknesses, and nonconformities within risk frameworks  
• Report audit results and support continual improvement initiatives 

To achieve the ISO 31000 Lead Auditor Certification, candidates will need to sit for an examination. The exam format is as follows:  

• Question Type: Multiple Choice  

• Total Questions: 30  

• Total Marks: 30 Marks  

• Pass Mark: 50%, or 15/30 Marks  

• Duration: 40 Minutes