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USA UK Americas Caribbean Time Zones
CPEs: 32
Instructor: Dennis Cox
Level: Intermediate
Tuition: £3,495.00
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NEW Bank Internal Audit School (How to Audit a Bank) IA501

Location: USA UK Americas Caribbean Time Zones

First Date: Oct 31 - Nov 3 2022

Duration: 4 days

Programme Director: Dennis Cox FCSI FRISM FCA AIIA BFP

All Dates & Locations
Venue Details

Experience the highly-interactive expert-led social learning through 1:1 or limited sized Group Learning with Risk Reward.

All our 2022 Virtual and Live 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 either live virtual or Face-to-Face on site? Simply contact us for significant cost savings and dates to best suit your personal development and business goals.

"This is an amazing course and we have instructed all of the audit team to attend a session. It covered all areas of products and we wrote the audit programs as a group together in the class then received the solutions to all the programs afterwards via email.'"
Audit Director, Silicon Valley Bank, California, USA
Agenda Highlights

Session 1: The Audit Report and its Structure

Session 2: The Audience and Communication

Session 3: The Executive Summary

Session 4: The Audit Report Layout

Session 5: Detailed Findings

Session 6: Audit Reports Writing

Session 7: Audit Reports Writing

Session 8: Audit Reports Writing

Session 9: Audit Reports Writing

Session 10: Future Audit Reporting

"Intense at times and some areas were more relevant to us than others but Dennis focused on our needs while carrying on with the main topics. I don't know how he does this but the course was great."
Audit Manager, Bank Leumi, New York, USA
Overview

In bank internal audit there is currently reliance upon the formal audit report as a key delivery and communications mechanism.  As the role of internal audit changes through the development of the 3 lines model, so audit reporting also needs to change and become of higher quality. Too much good work is let down by poor delivery.  In seeking to use one format to deliver findings to all types of audience, the report can easily become voluminous and fail to achieve its objectives.

Developed and facilitated by the author of the industry standard Banking and Finance: Accounts, Audit and Practise, this training course builds seeks to assist bank internal auditors with improving the style and content of their audit reports.

By working though real-life examples and practical case studies, delegates will be able to consider what works best for them and, through the case studies, develop their communication and documentation techniques.

"Overall, the class material was great and the materials taught were very timely in the current COVID-19 environment. "
Senior Audit Manager, US Bank, Virginia, USA
Who Should Attend

Designed and facilitated by a Tier 1 global bank internal audit senior manager, the up-to-the-minute, forward-thinking, integrated and relevant course has been the industry standard worldwide since 2007.

Primarily for bank internal auditors to upskill including new entrants through to senior auditors and Chief Internal Auditors seeking to establish or refresh up-to-date audit standards within the audit function with an international best practises perspective.

Delegates who complete the course will receive a Certificate in Bank Internal Audit; for those who require a demonstration of competency for CPD/CPE credits a 20-multiple choice exam, fully invigilated/proctored via email, is available at no addition fee.

For those enrolled in the Certificate Bank Internal Auditor Programme CertBIA, How to Audit a Bank is the pre-requisite to the programme, which can lead to the core curriculum (Cert Bank Internal Auditor Levels 1-3, Cert Bank Internal Auditor Professional levels 4-6; follows the learning pathway to  achieve Cert Bank Internal Auditor Specialist Levels 7-9; and the Diploma in Bank Internal Audit Level 10.

Additional Course Information

What Does It Cover?

The Audit Report and its Structure

• What is it for?
• The changing role of internal audit
• The impact on the internal audit report
• The audit report and turnaround time
• The BIS obligations on bank internal auditors
• The overall structure of the audit report
• How effective is your audit reporting?
• What are your issues at present?

The Audience and Communication

• Who are the audience and what do they really?
• What are you seeking to achieve?
• How do requirements differ between audiences?
• Developing integrated tailored reporting
• Using annexes
• Pull and push
• Consider the content for the Audit Committee and Board
• Consider the content for the business unit
• Consider the content for the regulator

Case Studies: Review the standard documentation structure identify suitable approaches for the structure of the audit report for the three different audiences.

The Executive Summary

• Strengths and weaknesses for current approach
• Would they be the same for all audiences?
• Maximum length and intended content
• Developing suitable executive summaries

Case Studies: Review existing executive summaries and develop into a revised format/content.

The Audit Report Layout

• What needs to be in each of the audience’s reports?
• What is the role of the background?
• How can this be integrated to enable efficient production?
• What should be at the beginning and what at the end?
• Dealing with major and minor issues
• Using space effectively
• The application of graphics and colour
• Grouping and ordering findings
• Brevity v depth

Case Studies: Develop suitable detailed style guides for each of the individual audiences.

Detailed Findings

• Advantages and disadvantages of the current approach
• Working from an issue to a finding
• Using Audit Notes
• The initial documentation of a finding
• Writing a finding to get change
• What is in and what is out
• Things to avoid
• Formulating opinions
• Use of space and lines
• Using jargon
• Barriers to acceptance
• Being positive and insightful
• Risk analysis within internal audit and risk appetite
• Overall assignment risk assessment – does it make sense?

Case Studies: Develop improved audit findings from some of the samples already provided.

Future Audit Reporting

• The impact of AI in the business on audit reporting
• Internal audit and its role in enhanced integrated reporting
• Moving away from sole reliance on the audit report
• Integrated internal audit reporting
• Improved alignment to the needs of the business

Learning Objectives

Delegates will gain and benefit from specialist technical and behavioural knowledge, approaches, techniques and practical applications during this ‘on the job training style’ course.

By the conclusion of this event delegates will:

  • Understand the importance of effective communications
  • Appreciate the role of the executive summary
  • Understand what is important and what is less significant
  • Learn how to develop audit findings
  • Recognise that there are multiple audiences
  • Improve your written work to gain better traction
  • Consider the use of annexes
  • Experience developing and writing key bank audit programmes
  • Take away audit programmes developed as a group in the classroom for immediate personal use in the workplace

Delegates who complete the course will receive a Certificate in Bank Internal Audit; for those who require a demonstration of competency for CPD/CPE credits a 20-multiple choice exam, fully invigilated/proctored via email, is available at no addition fee.

For those enrolled in the Certificate Bank Internal Auditor Programme CertBIA, How to Audit a Bank is the pre-requisite to the programme, which can lead to the core curriculum (Cert Bank Internal Auditor Levels 1-3, Cert Bank Internal Auditor Professional levels 4-6;  or follows the learning pathway to  achieve Cert Bank Internal Auditor Specialist Levels 7-9; and the Diploma in Bank Internal Audit Level 10.

Social Learning & Methods

Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth audit writing programmes, 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 Bank Internal Audit School (How to Audit a Bank)

Course Fee

Seasonal Discounts of 15% are available - Enter voucher code RISK15 at check out

Course Fee (per person):
GBP £3,495.00 (+ UK VAT when applicable)

Number of delegates:

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