Information Security Risk Management
In an era defined by digital transformation and escalating cyber threats, learners must proactively manage information security risks. The LICQual ISO 27005 Information Security Risk Management Lead Auditor course equips learners with advanced skills to audit and evaluate risk management practices in alignment with ISO 27005.
This internationally recognized standard provides a structured approach for identifying, assessing, and mitigating risks affecting the confidentiality, integrity, and availability of critical information assets.
Learners develop the competencies needed to lead ISO 27005 audits, assess risk treatment plans, verify controls, and ensure alignment with organizational security objectives. Through practical case studies, scenario-based exercises, and guided audit simulations, learners gain hands-on experience in planning audit scopes, gathering evidence, and delivering clear, actionable reports.
By completing the course, learners earn a prestigious LICQual certification, demonstrating their ability to lead audit teams, enhance information security governance, and contribute to organizational resilience and continuous improvement in cyber risk management.
Course Overview
Qualification Title
LICQual ISO 27005 Information Security Risk Management Lead Auditor
Total Units
6
Total Credits
40
GLH
120
Qualification #
LICQ2200430
Qualification Specification
To enroll in the LICQual ISO 27005 Information Security Risk Management Lead Auditor applicants must meet the following criteria:
|
Qualification# |
Unit Title |
Credits |
GLH |
|---|---|---|---|
|
LICQ2200430-1 |
Foundations of ISO 27005 and Information Security Risk Management |
8 |
24 |
|
LICQ2200430-2 |
Risk Assessment Methodologies and Frameworks |
8 |
24 |
|
LICQ2200430-3 |
Risk Treatment and Control Evaluation |
6 |
18 |
|
LICQ2200430-4 |
Lead Audit Principles and Risk-Based Auditing Techniques |
6 |
18 |
|
LICQ2200430-5 |
Reporting, Follow-up, and Audit Communication |
6 |
18 |
|
LICQ2200430-6 |
Integration, Certification Preparation, and Continuous Improvement |
6 |
18 |
By the end of this course, learners will be able to:
Foundations of ISO 27005 and Information Security Risk Management
- Explain the purpose, scope, and structure of ISO/IEC 27005 and its relationship to ISO/IEC 27001.
- Define key risk-management terminology, principles, and concepts in information security governance.
- Illustrate how risk management supports organizational objectives and an effective ISMS.
Risk Assessment Methodologies and Frameworks
- Apply both qualitative and quantitative techniques to identify, analyze, and evaluate information security risks.
- Establish risk criteria and perform asset valuation to prioritize risk assessment activities.
- Select appropriate risk assessment tools and document risk scenarios according to ISO 27005 guidelines.
Risk Treatment and Control Evaluation
- Determine and justify suitable risk treatment options (avoid, transfer, mitigate, accept) based on risk analysis results.
- Evaluate the effectiveness of implemented controls, referencing ISO/IEC 27001 Annex A where applicable.
- Develop and maintain a risk treatment plan that aligns with organizational risk appetite and compliance requirements.
Lead Audit Principles and Risk-Based Auditing Techniques
- Plan and prepare ISO 27005–based audit engagements, including scope definition and resource allocation.
- Conduct risk-based audit activities—interviews, observations, and document reviews—tailored to information security contexts.
- Apply professional auditing techniques and ethical considerations to ensure auditor independence and objectivity.
Reporting, Follow-up, and Audit Communication
- Compile clear, concise, and actionable audit findings into structured reports for management and stakeholders.
- Communicate audit results effectively, using evidence-based recommendations to drive remediation.
- Manage nonconformities through corrective action plans and verify the implementation and effectiveness of those actions.
Integration, Certification Preparation, and Continuous Improvement
- Integrate ISO 27005 risk management processes with ISO/IEC 27001 and other relevant management systems.
- Guide organizations through certification readiness activities, including pre‑audit assessments and gap analysis.
- Promote continual improvement in information security risk governance by recommending best practices and lessons learned.
This diploma is ideal for:
- Information security professionals seeking to specialize in risk management and auditing.
- ISO/IEC 27001 lead implementers aiming to enhance their risk-centric auditing expertise.
- IT auditors and internal audit team members responsible for evaluating security controls.
- Risk managers and compliance officers tasked with overseeing information security frameworks.
- Cybersecurity consultants advising clients on risk assessment and mitigation strategies.
- Data protection officers ensuring organizational adherence to data privacy regulations.
- Security managers and officers wanting to validate their competence with an internationally recognized credential.
- Governance, Risk, and Compliance (GRC) practitioners focused on aligning risk processes with ISO standards.
- Chief Information Security Officers (CISOs) and security executives driving a risk-aware culture.
- Project managers leading security implementations who require audit and certification readiness skills.
- Quality assurance professionals integrating risk management into overall business continuity plans.
- IT service managers responsible for maintaining the confidentiality, integrity, and availability of systems.
- Consultants and trainers preparing organizations for ISO/IEC 27005 certification audits.
- Legal and regulatory advisors working on cybersecurity legislation and compliance frameworks.
- Professionals transitioning from general auditing roles to specialized information security risk 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.
