Internal Auditing – Level 1
Course Information:
Venue: | Duration: | Date: | Price: |
---|---|---|---|
Online | 12 hrs | Flexible | £1,750.00 |
In-House | Agreed with client | Flexible | POA |
London | 5 days | 7-Mar | £3,500.00 |
London | 5 days | 06-Jun | £3,500.00 |
London | 5 days | 28-Nov | £3,500.00 |
Who should attend?
Delegates who have some experience of auditing, either directly as an auditor or from within the financial services sector seeking to develop a professional and best practice approach to the development of the internal audit function in private and public sector organisations and enterprises.
Accreditations
Outcomes
- Expand the role of the audit function in their organisation
- Contribute effectively to organisational audit strategy and implementation
- Engage continuous improvement and quality assessment within the organisation’s audit function
- Present information effectively at the auditing committee and senior management
- Embed new technology and financial crime controls into the audit function
COURSE TOPICS:
The Role and Function of Internal Audit
- Review of key action points
- Develop organisational specific risk matrices
- Global best practice – case studies – lessons learned analysis
- Key action points – delegate and manage action plan development
Conducting Effective Audits
- Pre-audit planning
- Effective audit sampling techniques
- Recording findings during auditing
- Effective stakeholder engagement
Audit Structures
- The audit committee’s role
- Developing the audit charter
- The external auditor’s role
- Developing and improving best practices
Financial Crime Risks
- Money laundering, terrorist financing and sanctions risks
- AML controls
- CTF controls
- Sanctions controls – matches
- Trade-based money laundering risks
- Customer due diligence controls
- Enhanced customer due diligence controls
- Consideration of money laundering risks in practice evidenced by the organisation
- Beneficial Ownership Transparency – individuals and entities
- Testing operational efficiency v. financial crime risk prevention in practice
- Training and awareness programmes
Audit Report Writing
- Ensuring objective comments
- Ensuring use of constructive language
- Financial crime compliance terms and abbreviations for internal auditors
- Improvement recommendations
- Continuous improvement techniques