Advanced Risk Analysis
  • CODE : RICA-0021
  • Duration : 60 Minutes
  • Level : Advance
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Richard E. Cascarino, MBA, CIA, CISM, CFE, CRMA

Well known in international auditing, Richard is a principal of Richard Cascarino & Associates based in Colorado, USA with over 32 years of experience in audit training and consultancy.

He is a regular speaker to National and International conferences and has presented courses throughout Africa, Europe, the Middle East and the USA.

Richard is a Past President of the Institute of Internal Auditors in South Africa, was the founding Regional Director of the Southern African Region of the IIA-Inc and is a member of ISACA, and the Association of Certified Fraud Examiners, where he was a member of the Board of Regents for Higher Education.

Richard was Chairman of the Audit Committee of Gauteng cluster 2 (Premier's office, Shared Services and Health) in Johannesburg and was the Chairman of the Audit and Risk  Committee of the Department of Public Enterprises in South Africa.

Author of the book Internal Auditing - an Integrated Approach, published by Juta Publishing and now in its 3rd edition. This book is extensively used as a university textbook worldwide. In addition, he is the author of the Auditor's Guide to IT Auditing published by Wiley Publishing, now in its 2nd edition and the book Corporate Fraud and Internal Control: A Framework for Prevention, also Wiley Publishing. He is also a contributor to all 4 editions of QFINANCE, the Ultimate Resource, published by Bloomsbury. His latest books are Data Analytics for the Internal Auditor, and The Complete Guide to the CISA Examination, both published by CRC Press.

This Webinar Describes

  1. Estimating the significance of the risk
  2. Assessing the likelihood or frequency of the risk
  3. Considering how the risk should be manage
    • What actions need to be taken
    • What controls need to be effected
      - Preventative procedures - reduce the significance or likelihood of the risk occurring
      - Displacement procedures - offset the effect if it does occur
  4. Risks are normally evaluated before the mitigating effects of controls are considered

Areas Covered

  • What is Risk
  • Why Auditors should be interested
  • Identifying Activity Risks
  • Risk-based Planning
  • The Integrated Audit Approach
  • Common Risk Factors

Course Level - Intermediate /  Advanced

Who Should Attend

Financial Accountants, Forensic Auditors, Internal Auditors, Financial Managers, Board members, Audit Committee members.

Why Should You Attend

All entities encounter risk regardless of Size, Structure, Nature, Industry

All business decisions involve elements of risk including Financing, Product lines, Sources and methods of supply and all must be assessed at an entity level by the CEO and related to business activity.

Topic Background

Risks affect :

  1. The ability to survive
  2. The ability to successfully compete
  3. The ability to maintain financial strength
  4. The corporation's positive public image
  5. The overall quality of
    • products
    • people
    • services

Ultimately, in order to stay in business, it must be understood that risks cannot be eliminated, only managed.


  • $160.00



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