Risk Management
The LICQual ISO 27005 Information Security Risk Management Internal Auditor is a professional qualification designed to help learners understand how organisations manage and control information security risks at an organisational level. ISO 27005 is a globally recognised standard that focuses specifically on identifying, analysing, and treating risks related to information security, ensuring that sensitive data and digital systems remain protected from cyber threats and vulnerabilities.
This programme helps the learner understand how ISO 27005 is applied within organisations to strengthen cybersecurity, improve decision-making, and support effective risk-based planning. At an organisational level, it provides clear benefits such as reducing the likelihood of data breaches, improving compliance with security regulations, enhancing trust with clients, and ensuring business continuity through proactive risk management.
The course focuses on the complete risk management lifecycle, including risk identification, assessment, evaluation, treatment, and monitoring. It explains how internal auditors play a key role in reviewing security controls and ensuring that organisations follow international best practices for information security management. Learners gain practical insight into how ISO 27005 supports organisational resilience, why it is essential for modern businesses, and how effective risk management contributes to stronger cybersecurity systems and improved operational stability.
Course Overview
Qualification Title
LICQual ISO 27005 Information Security Risk Management Internal Auditor
Total Units
6
Total Credits
40
GLH
120
Qualification #
LICQ2200432
Qualification Specification
To enroll in the LICQual ISO 27005 Information Security Risk Management Internal Auditor applicants must meet the following criteria:
|
Qualification# |
Unit Title |
Credits |
GLH |
|---|---|---|---|
|
LICQ2200432-1 |
Introduction to ISO/IEC 27005 and Risk Management Principles |
8 |
24 |
|
LICQ2200432-2 |
Structure and Requirements of an Information Security Risk Management Framework |
8 |
24 |
|
LICQ2200432-3 |
Planning and Conducting Internal Audits of Risk Management Processes |
6 |
18 |
|
LICQ2200432-4 |
Risk Identification, Analysis, and Evaluation in an Audit Context |
6 |
18 |
|
LICQ2200432-5 |
Risk Treatment, Communication, and Documentation Review |
6 |
18 |
|
LICQ2200432-6 |
Reporting, Nonconformity Management, and Continual Improvement |
6 |
18 |
By the end of this course, learners will be able to:
1. Introduction to ISO/IEC 27005 and Risk Management Principles
- Describe the purpose, structure, and scope of ISO/IEC 27005.
- Explain key risk management concepts such as assets, threats, vulnerabilities, and risk.
- Recognize how ISO 27005 supports the implementation and improvement of an ISO/IEC 27001-based ISMS.
2. Structure and Requirements of an Information Security Risk Management Framework
- Identify and explain the components of an effective risk management framework.
- Evaluate the relevance of organizational context, risk criteria, and stakeholder requirements.
- Understand how risk management integrates with broader ISMS operations and compliance structures.
3. Planning and Conducting Internal Audits of Risk Management Processes
- Demonstrate how to develop a risk-based audit program aligned with ISO 27005 processes.
- Prepare effective internal audit checklists, scopes, and objectives.
- Conduct internal audits following recognized auditing principles and best practices.
4. Risk Identification, Analysis, and Evaluation in an Audit Context
- Assess an organization’s methods for identifying and documenting information security risks.
- Evaluate the effectiveness of qualitative and quantitative risk assessment approaches.
- Judge the accuracy of risk prioritization based on likelihood, impact, and risk acceptance criteria.
5. Risk Treatment, Communication, and Documentation Review
- Review and audit the application of appropriate risk treatment options and mitigation controls.
- Verify that treatment plans align with organizational objectives and ISO/IEC 27001 Annex A controls.
- Evaluate how risks and treatment decisions are communicated and documented.
6. Reporting, Nonconformity Management, and Continual Improvement
- Prepare and deliver clear audit reports detailing findings, nonconformities, and improvement areas.
- Monitor corrective actions for effectiveness and ensure timely closure of audit issues.
- Support continual improvement of the ISMS through ongoing audit planning and feedback mechanisms.
This diploma is ideal for:
- Designed for professionals responsible for managing or auditing information security risks within an organization
- Suitable for internal auditors seeking to specialize in ISO 27005 and information security risk management
- Ideal for IT managers, security officers, and compliance personnel aiming to enhance their knowledge of risk assessment and treatment based on ISO standards
- Beneficial for individuals involved in the implementation or maintenance of an Information Security Management System (ISMS)
- Appropriate for consultants providing advisory services in information security and risk management
- Useful for members of risk management teams and those preparing for audits under ISO/IEC 27001 and 27005 frameworks
- Valuable for professionals aiming to align their practices with international standards and best practices in cybersecurity and risk governance
- Suitable for those looking to validate their expertise with a recognized certification to advance in the field of information security auditing
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 applicants meet all specified learning outcomes.
To achieve a ‘Pass’ in any unit, applicants 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 applicants 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.
