Internal Auditing – Level 2
Course Information:
Venue: | Duration: | Date: | Price: |
---|---|---|---|
Online | £1,750.00 | 12 hrs | Flexible |
In-House | Agreed with client | Flexible | POA |
London | 5 days | 14-Mar | £3,500.00 |
London | 5 days | 13-Jun | £3,500.00 |
London | 5 days | 5-Dec | £3,500.00 |
Who should attend?
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
Accreditations
Outcomes
- 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
COURSE TOPICS:
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