Internal Auditing – Level 3

Delegates who have some auditing experience, either directly as auditors or from within the quality assurance sector seeking to develop further their auditing skills and best practice approach to the development of the internal audit function in private and public sector organisations.

• Ensure their reports integrate risk for decision making processes
• Identify and assess financial crime risks within the control environment
• Engage effectively with stakeholders and deliver assurance standards on the culture of the organisation
• Promote and enhance the function of the organisation’s Chief Risk Officer
• Ensure their reports integrate risk for decision making processes
• Identify and assess financial crime risks within the control environment
• Engage effectively with stakeholders and deliver assurance standards on the culture of the organisation
• Promote and enhance the function of the organisation’s Chief Risk Officer
• Ensure their reports integrate risk for decision making processes
• Identify and assess financial crime risks within the control environment
• Engage effectively with stakeholders and deliver assurance standards on the culture of the organisation
• Promote and enhance the function of the organisation’s Chief Risk Officer

Review of Key Audit Function Foundations

• Key goals of the internal audit function
• Ensuring auditor objectivity
• Avoidance of conflicts of interest within auditing
• Auditor skillset

Audit reports – Working with Stakeholders

• Effective post audit de-briefing
• Root cause analysis and remediation recommendations
• Developing departmental action plans with stakeholders: contributing to the delivery of compliance 2.0
• Managing conflict situations

Use of technology in combating financial crime and cyber crime

• Overview of the digitalisation of risk management
• Big data analytics: mapping indicators of fraud, money laundering, bribery and corruption, sanction breaches, and market manipulation
• The holistic approach to risk management: effectiveness – efficiency – scalability – oversight
• Enterprise Risk Management (ERM): customising and consolidating automated manual processes
• Overview of transaction monitoring and threshold values for internal auditors
• Trade surveillance software and correlation analysis: from repetitive behaviours to manipulating behaviours
• Testing financial crime compliance systems: Data chosen, cleansing, articulation, and understanding before “feeding” into the compliance system
• Assessing fitness and operational efficiency of organisational systems and controls to prevent and combat cyber-crime risks: Phishing, Webcam manager, File hijacking, Keylogging, Screenshot manager, Ad clicker, Hacking, and distributed denial of services (DDOS)

Effective Linkage of Organisational Systems

• Overview of core organisational systems – Finance, HR, Governance, CSR
• Closing the loopholes to assist in legal prosecution case efficiency
• Ensuring good staff policy compliance
• Establishing and managing – staff register of interests and conflicts of interest

Engaging with External Auditors

• The key role and objectives of external audit
• Ensuring availability of evidence through defensible in court procedures for situations faced
• Detecting severe but plausible scenarios
• Overcoming organisational cultural challenges
• Capturing and maximising earning and growth opportunities from the external audit