Financial Services Auditing

1. IIA International Professional Practices Framework
2. Internal Control/Risk Management/Governance
3. Internal Control Frameworks
4. Risk Management Frameworks
5. Governance Models
6. Audit Process
7. Audit Planning
8. Audit Fieldwork
   1. Risk Assessment
   2. Analytical Review
   3. Data Gathering and Evaluation
   4. Testing
   5. Tools and Techniques (e.g., CAAT)
9. Audit Communications
10. Monitoring Outcomes
11. Implications of Information Technology
12. Auditing Financial Statement Elements
13. Balance Sheet
14. Statement of Cash Flows
15. Income/Expense Statement
16. Off Balance-sheet Items

Auditing Financial Services Products

1. Lending/Loans
2. Deposits
3. Trusts
4. Annuities
5. Derivatives)
6. Electronic Services
7. Cash Management Services
8. Stocks
9. Bonds
10. Commodities
11. Mutual Funds
12. Employee Benefits
13. Capital Market Products
14. Securities Lending
15. Insurance Policies
16. Insurance Products
17. Foreign Exchange
18. Asset Management
19. Money Market Products (A)

Auditing Financial Service Processes

1. Risk Management
2. Asset/Liability Management
3. Trading Market Risk
4. Credit, Liquidity, Operational Risk
5. Allowance for Loan and Lease Losses
6. Reserves
7. Underwriting
8. Loans
9. Securities
10. Insurance
11. Private Placement
12. Initial Public Offerings
13. Securitizations
14. Treasury Operations (e.g., Cash Management)
15. Back-office Operations
16. Marketing Sales and Distribution (e.g., Insurance Agencies, Bank Branches, Brokers)
17. Claims
18. Investments
19. Broker/Dealer Activities
20. Rating Advisory Service
21. Mergers and Acquisitions
22. Loan Operations (e.g., Collateral Issues, Perfecting Liens)

The Regulatory Environment

1. Overview of the Regulatory Environment
2. Function of Central Bank
3. Function of Insurance Regulators
4. Function of Securities Regulators
5. Laws and Regulations
6. Equal Credit Opportunity/Antidiscrimination
7. Home Mortgage Disclosure
8. Reserve Requirements
9. Insider Transactions
10. Lending Disclosure
11. Deposits Disclosure
12. Real Estate Sales Disclosure
13. Self-assessment of Internal Controls/Risk Management
14. Investor/Depositor Protection
    1. Financial and Personal Information Privacy
    2. Anti-Money Laundering

1. Stock Exchanges and Other Markets
2. Money and Banking)
3. Role of Money and Banking
4. Bond and Stock Markets
5. Effect of Interest Rate Movements
6. Monetary Management Theories

Practice questions and exam techniques

Delegates will gain specialist technical and behavioural knowledge,  techniques and skills, experience ‘on-the-job-style’ training in group discussion and developing audit programs in the classroom for immediate application in the workplace in practise with a focus on

• Financial services auditing
• Auditing financial service products
• Auditing financial service processes
• The regulatory environment
• Insurance products and processes
• Securities products and processes

IIA CFSA Candidates should contact the IIA www.iia.org  to both register directly and purchase any relevant published study materials.  These costs are additional and separate from the training course price offered by Risk Reward.

In addition to our Customer Service Excellence support team services to help you get started and throughout the exam preparation process, a Certificate in Financial Services Internal Audit with 40 CPD UK credits will also be issued by Risk Reward to all delegates upon completion.

Highly interactive expert-led intensive presentation, Q&A, case studies and discussion supported by key principles and theory.

The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimise live face-to-face visual interaction, discrete chat, for polling and quizzes.

(Each delegate will receive an email calendar invitation with simple instructions on how to join the virtual course using their web browser and having downed the app.)