AUDITING THE CREDIT DEPARTMENT
Understanding the key issues relating to control within the credit function and its role within the business
Credit Departments within banks have become increasingly complex driven by the demands of regulation and the business. The level of sophistication has accelerated in recent years as many banks have developed credit departments with enhanced responsibilities. Basel II has set additional challenges both in terms of modelling and data collation which has exacerbated the need for change.
Since the internal audit function needs to address all areas of a financial institution, including the credit department, this provides auditors with additional challenges. This course looks at the credit function and considers the approach that internal auditors should adopt when conducting an audit.
The objectives of this course are to enable attendees to appreciate the key issues relating to control within the credit function and to understand its role with the business; to ensure that attendees understand what are the main techniques currently employed and key approaches to this developing subject, and using a series of practical case studies, take the participants through the key approaches to learn lessons applicable within their own organisations.
Methodology
Interactive Workshop style seminar with a focus on best practise, real life experience and case studies
Prerequisite
Some knowledge of audit techniques and financial services would be advantageous
Learning level
Intermediate
Who Should Attend
Audit Committee members, credit and other Internal Auditors, Non-executive Directors
