LICQual ISO 31000:2018 Risk Management Internal Auditor

Advance your career in risk management with the LICQual ISO Internal Auditor 31000:2018 Risk Management course. Designed for professionals in risk management, internal auditing, and business compliance, this course provides the essential tools and techniques to become a certified internal auditor for ISO 31000:2018.

This globally recognized standard focuses on effective risk management strategies that help organizations identify, assess, and mitigate risks in a dynamic business environment. Whether you’re an experienced auditor or just starting your journey in risk management, this course will give you the expertise to perform internal audits that drive continuous improvement and ensure compliance with ISO 31000:2018 standards.

The LICQual ISO Internal Auditor 31000:2018 Risk Management course will equip you with the knowledge to conduct thorough and effective internal audits in risk management. You will gain a deep understanding of the ISO 31000:2018 standard, including the principles and framework for managing risk across an organization. Learn how to assess risk management processes, evaluate their effectiveness, and recommend improvements that align with industry best practices.

This course covers essential topics such as the risk management process, risk assessment techniques, and how to prepare and conduct audits that align with ISO 31000:2018 requirements. Additionally, you will learn how to communicate audit findings, implement corrective actions, and promote a culture of continuous improvement within your organization.

By the end of the course, you will have the confidence and capability to perform comprehensive internal audits that add value, mitigate risks, and support strategic decision-making processes. Enroll in the LICQual ISO Internal Auditor 31000:2018 Risk Management course today to become a certified internal auditor and enhance your organization’s approach to risk management.

Course Overview

Qualification Title

LICQual ISO 31000:2018 Risk Management

Total Units

Total Credits

GLH

120

Qualification #

LICQ2200110

Qualification Specification

Download Qualification Specification

To enroll in the LICQual ISO 31000:2018 Risk Management, applicants must meet the following criteria:

Age Requirement: Applicants must be at least 16 years old.
Educational Requirements: Participants should have a minimum of a high school diploma or equivalent. A background in business, management, or a related field is advantageous but not mandatory. Individuals with a basic understanding of risk management or internal auditing principles will benefit from this course.
Experience: While prior experience in risk management or internal auditing is not required, familiarity with organizational processes and risk-related concepts will be beneficial. This course is ideal for professionals involved in or interested in risk management, internal auditing, or compliance functions.
English Language Proficiency: Participants should have a sufficient level of English proficiency to understand course materials, engage in discussions, and complete assessments. A B1 (Intermediate) level or higher in English is recommended. Non-native English speakers may require additional support resources, available upon request.

Qualification#	Unit Title	Credits	GLH
LICQ2200110-1	Introduction to ISO 31000:2018 and Risk Management Framework	8	24
LICQ2200110-2	Risk Management Principles and Governance	8	24
LICQ2200110-3	Risk Assessment Process: Identification, Evaluation, and Assessment	6	18
LICQ2200110-4	Risk Treatment and Mitigation Strategies	6	18
LICQ2200110-5	Risk Monitoring, Reporting, and Continuous Improvement	6	18
LICQ2200110-6	ISO 31000:2018 Internal Auditing and Certification Process	6	18

By the end of this course, learners will be able to:

Introduction to ISO 31000:2018 and Risk Management Framework

Understand the structure, purpose, and key components of ISO 31000:2018 and its Risk Management Framework.
Explain the role of risk management in organizational success and its integration into strategic decision-making processes.
Identify the benefits of implementing a structured risk management approach in line with international best practices.

Risk Management Principles and Governance

Articulate the core principles of risk management outlined in ISO 31000:2018 and how they align with governance processes.
Demonstrate the importance of leadership commitment and the creation of a risk-aware culture within the organization.
Apply risk management principles to integrate risk into organizational processes and improve decision-making at all levels.

Risk Assessment Process: Identification, Evaluation, and Assessment

Identify potential risks within an organization and evaluate their likelihood, impact, and severity using structured risk assessment methods.
Analyze and prioritize risks based on their potential consequences and the organization’s objectives.
Use both qualitative and quantitative techniques to assess and evaluate risk, ensuring a comprehensive understanding of risk exposure.

Risk Treatment and Mitigation Strategies

Develop appropriate risk treatment strategies, including risk avoidance, mitigation, transfer, and acceptance.
Create effective action plans and controls to reduce or manage identified risks, ensuring alignment with ISO 31000:2018 guidelines.
Implement mitigation strategies that support the organization’s risk tolerance and long-term goals.

Risk Monitoring, Reporting, and Continuous Improvement

Establish processes for monitoring and reviewing risk management performance, ensuring ongoing effectiveness.
Create and implement a reporting framework to communicate risk management outcomes to stakeholders.
Demonstrate a commitment to continuous improvement by applying feedback and refining risk management processes to address emerging risks.

ISO 31000:2018 Internal Auditing and Certification Process

Gain practical skills in conducting internal audits to assess the effectiveness and compliance of the risk management system with ISO 31000:2018.
Understand the steps involved in preparing for and undergoing third-party audits for ISO 31000:2018 certification.
Recommend corrective actions based on audit findings and guide the organization through the certification process to ensure continuous compliance and improvement.

This diploma is ideal for:

Professionals in risk management looking to enhance their skills in risk assessment, mitigation, and monitoring according to ISO 31000:2018 standards.
Internal auditors and individuals involved in auditing processes who want to specialize in ISO 31000:2018 and develop expertise in assessing risk management systems.
Business leaders and decision-makers aiming to strengthen their organization’s risk management approach and ensure compliance with global standards.
Risk consultants and compliance officers who wish to offer expertise in risk management practices and help organizations implement ISO 31000:2018 standards effectively.
Sustainability officers and project managers seeking to integrate risk management practices into their projects and long-term organizational strategies.
Students and recent graduates pursuing a career in risk management, internal auditing, or organizational governance who want to gain an understanding of ISO 31000:2018 and improve their employability.
Quality managers and operations managers who want to understand how to integrate risk management with quality control and operational processes within an organization.

Assessment and Verification

All units within this qualification are subject to internal assessment by the approved centre and external verification by LICQual. The qualification follows a criterion-referenced assessment approach, ensuring that learners meet all specified learning outcomes.

To achieve a ‘Pass’ in any unit, learners must provide valid, sufficient, and authentic evidence demonstrating their attainment of all learning outcomes and compliance with the prescribed assessment criteria. The Assessor is responsible for evaluating the evidence and determining whether the learner has successfully met the required standards.

Assessors must maintain a clear and comprehensive audit trail, documenting the basis for their assessment decisions to ensure transparency, consistency, and compliance with quality assurance requirements.