Internal Auditing – Level 2

Delegates who have 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

• Develop the role of the audit function in their organisation
• Contribute effectively to refining organisational audit strategy
• Engage continuous improvement and quality assessment within the organisation’s audit function
• Make high impact presentations to auditing committees and senior management
• Manage the integration of new technology
• Test embedded financial crime systems and controls

Review of Key Audit Function Foundation

• Review of key action points
• Develop and test alignment of organisational systems and controls to prevent and mitigate financial and cyber-crime risks
• Global best practice – case studies – lessons learned analysis
• Key action points – delegate and manage action plan development

Risk – Based Auditing

• Identifying areas of risk
• Identifying new areas of risk
• Classification and quantification of risk areas
• Identifying potential interface of existing and new areas of risk
• Developing audit and re – audit frequency in alignment with risk
• Overview of emerging and evolving threats

Conducting Effective Audits

• The auditor’s role as a consultant
• Utilising audit reporting to inform organisational policy development
• Continuous improvement initiatives and supervision
• Measuring improvement – toolkit for objective measurement and demonstration of audit output improvements

Financial Crime Compliance

• Record keeping procedures
• Controls to identify potentially suspicious activities
• Trade finance transactions
• Trade processing controls by processing staff
• Red flagging procedures
• Pre-determined thresholds systems and controls
• Escalations
• Actions taken by senior management
• Evidence and awareness of senior management evidencing how crime risks evolve in organisational type of business

Engaging with the Audit Structure

• Making effective recommendations and business cases
• Presenting information effectively
• OSCOLA (Oxford University Standard for the Citation of Legal Authorities) for internal auditors
• Contributing meaningfully to the development of the long – term audit strategy
• Upgrading the profile of internal audit within the organisation