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NEW Implementing Innovative Bank Internal Audit IA096
Location: Global Time Zones
Duration: 3 days
Programme Director: Dennis Cox BSc FCA FCSI FISRM BFP AIIA
All Dates & Locations
Venue Details
Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.
All our 2023 Live, on-site and Live Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.
Need to bring this course in house, certify your audit team, or train 1:1? Simply contact us for significant cost savings and dates to best suit your specific needs.
"Intense and very useful information. Enjoyed the humor during break sessions. Overall it covered a lot of material. The presenter appeared knowledgeable over the subject matter and included real world examples."Senior Internal Auditor, Regional Bank, Virginia, USA
Agenda Highlights
Session 1: How is Internal Audit Changing within Banks?
Session 2: Adjusting to Remote Working and Changing Patterns of Activity
Session 3: Applying Risk-Based Approaches to the new Risk Environment in Banking
Session 4: The Risk-Based Audit Plan
Session 5: Auditing Risk Appetite
Session 6: Auditing Enterprise Risk Management
Session 7: Auditing Corporate Governance in Banking
Session 8: Auditing Bank Strategy
Session 9: Auditing Bank Risk Models
Session 10: Auditing Financial Reporting in Banks
"Excellent course. I learned a great deal and Dennis did a great job adapting to the on-line delivery method for the course. "Senior Internal Auditor, Regional Bank, Charlotte NC, USA
Overview
The role of internal audit is changing as a consequence of the Revised 3 Lines Model from the IIA and the impact of the current crisis. Together these have changed business models within banking, as well as the risks and priorities that will impact or lead to success. Internal audit also needs to change to take account of the increased focus on the embedding of risk and control processes within the 1st line and the increased use of artificial intelligence within the business.
During this advanced intensive audit writing program senior internal auditors and audit managers will explore risk-based internal audit approaches and techniques which take account of these changes so that they are properly efficient and effective.
"The instructor was well prepared, knowledgeable and very enjoyable. Never enough time to take it all in."Senior Audit Manager, State Bank, Chicago, USA
Who Should Attend
While this advanced content is designed for bank internal audit management and audit team members previous delegates included those from risk and control management, IT, operations and HR management.
Delegates who complete these course will receive a Certificate in Implementing Innovative Internal Audit in Banking; and for those who require a demonstration of competence via an exam, a 20-question with multiple-choice answer, fully proctored/invigilated via email, with a resit and result report is available at no additional charge.
Additional Course Information
What Does It Cover?
The revised 3 lines model from the IIA, Artificial intelligence – what does it mean for internal audit?, How will audit approaches change?, What are the skills that are increasingly in demand?, Does current audit reporting meet the needs of the business?, Is the governance of internal audit effective?, What are the key changes that have occurred within the bank that are of relevance to internal audit?, What has been the impact on audit priorities?, How has remote working changed the business?, How has customer or third part activity changed?, How has audit changed through remote working?, Are there risks that have increased and how are these managed?, What does internal audit require from risks management?, How do the two roles differ and work together?, Level of risk sophistication as a barrier to implementation, Key elements of an effective risk management framework, Risk Capacity, Risk Appetite and Risk Tolerance, Risk register, Control and risk self-assessment, Risk and other indicators, Internal loss data and confidence levels, Continuous auditing and artificial intelligence, The key risks post crisis, Reviewing the audit universe and ensuring its completeness, Defining an audit entity in the light of the crisis, Developing a risk-based audit entity planning grid, Risk rating and ranking audit entities, Sample risk assessment matrix, Interpreting the risk assessment matrix, Risk rating and ranking audit entities, How to calculate inherent and residual risks, What does probability really mean?, Assessing the level of audit assurance required by senior management, Audit ‘Depth of Testing’ and much more.
Learning Objectives
Delegates will gain in-depth specialist technical and behavioural knowledge of world class approaches to audit within the revised 3 lines model and will know how these translate into risk-based auditing approaches and techniques using discussion and presentations.
As a group delegates will discuss the impact of the crisis on internal audit and banking, consider the impact on the risk-based work they will conduct as well consider improvements to audit reporting.
Specifically delegates will learn best practice and innovative insights and apply as to
- The 3 lines model and its impact on risk-based internal audit
- Audit reporting
- Risk-based Internal audit the post COVID environment
- The key risks that concern the Board
- Developing risk-based audit plans
- Auditing corporate governance, strategy and risk appetite
- Auditing enterprise risk management and models
- Auditing financial reporting and the role of external audit
Expert-led by a Tier 1 Global Bank Senior Audit Manager, expert-group interactions will feature hands- on case studies and developing audit programs including
Case Studies: Discussion sessions on skills requirements, audit reporting and governance
Case Study: Consider where in your audit plan you will address these issues – which are separate audits?
Case Study: How will you ensure that all assignments are included in the audit universe?
Case Study: Which are the audits that now are really critical?
Case Study: What are the key risk criteria that will be used by the business in practice? How would you know that they are not working?
Case Study: Develop an audit programme for the audit of risk appetite
Case Study: Develop an audit program for the governance of ERM.
Case Studies: Develop audit plans to address – The audit of corporate governance –The audit of committee charters –The audit of Board and Committee appointments –The audit of the audit committee –The audit of remuneration policies
Case Study: Develop an audit program for the audit of strategy
Case Study: Consider the risk-based approach to be adopted within individual audits. Which are of greatest importance?
Case Study: Develop an audit program to address financial reporting
Case Study: Develop an audit program to address regulatory reporting
Social Learning & Methods
Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.
(An invitation via email with access link is included for all participants.)
Registration
NEW Implementing Innovative Bank Internal Audit
Course Fee
Add voucher code RISK10 at check out for additional savings until Feb 15 2023
Course Fee (per person):
GBP £3,495.00 (+ UK VAT when applicable)
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