An Interactive 5-Day Training Course

Opportunity Auditing

Delivering Measurable Benefits

20 - 24 Apr 2026
Dubai
| $5950
13 - 17 Jul 2026
London
| $5950
10 - 14 Aug 2026
London
| $5950
28 Sep - 02 Oct 2026
London
| $5950
02 - 06 Nov 2026
Dubai
| $5950

Introduction

The risk-based focus being increasingly adopted is universally accepted as the new benchmark for Internal Audit. The flip side of risk, however, is opportunity. Specifically targeting significant areas of business opportunities can deliver major measurable benefits to the organization whilst at the same time reducing the associated risks.

This is particularly true if the areas of the business targeted are those which are often overlooked by management.  With budgets under even greater scrutiny, demonstrating value for money is more important than ever.

This Opportunity Auditing training course will provide the tools and techniques to develop and deliver an opportunity focused plan and deliver measurable added value.

This GLOMACS Opportunity Auditing training course will highlight:

Key Learning Outcomes

By the end of this Opportunity Auditing training course, you will learn to: 

Training Methodology

This is a basic/intermediate level course and delegates are not required to have any previous experience in fraud prevention or detection to attend. Delegates should have a good educational standard and/or a professional qualification and no advanced preparation is required.

The delivery method will be Group-live with exercises and role-plays to simulate audit scenarios and situations that assurance professionals will encounter. A short examination will be given at the end of the course.

Opportunity Auditing

Who Should Attend?

This Opportunity Auditing training course will benefit organizations in all business sectors. It will provide the basis for a subtle but hugely powerful shift in the focus of Internal Audit towards a much more consultancy and value adding approach. The financial and operational benefits will be significant.

This Opportunity Auditing training course will enable organizational knowledge to be enhanced in the following areas:

  • Identifying processes which are carried out ‘just because they always have been’
  • Determination of activities which add little business value and can be significantly reduced
  • A focus on the 3 E’s (Economy, Efficiency, and Effectiveness)
  • Identification and simplification of overlapping processes
  • Reduction of over-managed risks

Learning Journey Breakdown

  • Understanding the concept of opportunity auditing
  • Importance and benefits of opportunity auditing
  • Role of opportunity auditing in organizational success
  • Identifying different types of opportunities
  • Case studies and examples of successful opportunity auditing
  • Techniques and methods for identifying opportunities
  • Conducting market research and trend analysis
  • Identifying customer needs and pain points
  • Analyzing industry and competitor landscapes
  • Brainstorming and idea generation for potential opportunities
  • Assessing a potential opportunity’s viability and feasibility.
  • Evaluating market demand and potential profitability
  • Understanding the importance of risk management in opportunity auditing
  • Recognizing and evaluating possible risks and uncertainties
  • Developing risk mitigation strategies
  • Analyzing resource requirements and constraints
  • Conducting risk assessment and mitigation strategies
  • Prioritizing opportunities based on strategic fit and goals
  • Performance evaluation and improvement targets
  • Creating a roadmap for opportunity implementation
  • Developing a comprehensive business plan
  • Defining key objectives, targets, and milestones
  • Allocating necessary resources and budgeting
  • Identifying potential partners and collaborations
  • Implementing continuous improvement practices
  • Implementing the chosen opportunities
  • Establishing effective project management practices
  • Monitoring progress and measuring success metrics
  • Addressing challenges and making necessary adjustments
  • Reviewing and updating the opportunity execution plan
  • Incorporating feedback loops and continuous improvement
  • Developing a personal action plan for ongoing opportunity auditing

Ready to Take the Next Step?

Reserve your slot today and start your learning journey with us.

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