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Certificated
UK Europe, MENA GCC time zones
CPEs: 24
Instructor: David Alexander
Level: C-Suite
Tuition: £3,495.00
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NEW The Innovative Chief Audit Executive CSI003

Location: UK Europe, MENA GCC time zones

First Date: Sep 5 - 7 2022

Duration: 3 days

Programme Director: David Alexander

All Dates & Locations
Venue Details

Experience the world class highly interactive expert-led 1:1  or team learning through Virtual C-Suite Seminar via Cisco WebEx from Risk Reward.

Each 2022 Virtual C-Suite event features shared (or discrete) live chat between executive and the expert, and/or participate in group discussion and case studies for a tried -and- true engaging and gratifying value-added experience.

The C-Suite Innovation Series* is limited to a maximum of 10 delegates (minimum 1:1)  per event to optimise delegate-expert interaction and discussion.

*The Innovative CEO | The Innovative CFO | The Innovative CRO | The Innovative COO | The Innovative Head of Compliance | The Innovative Head of Treasury | The Innovative MLRO | Inclusive Leadership

"it is comprehensive and meanwhile reflects a practical approach to implementation, which is helpful. Thank you once again for your insight and assistance."
Chief Audit Officer, Commercial Bank, Greece
Agenda Highlights

Session 1:  What does Innovation look like?

Session 2: The Impact of the Covid-19 Crisis

Session 3:  Really Applying Risk- Based Internal Audit

 Session 4:  The Chief Audit Executive, Artificial Intelligence and Data Mining

Session 5:  The Innovative Audit Function

Session 6:  Innovative Audit Reporting

Session 7:  Audit Adds Value

Session 8:  Innovation in IT Audit

Session 9:  IA and Operational Resilience

Session 10:  The CAE and Environmental, Social and Governance Audit

Session 11:  The CAE and Third-Party Risk Management (TPRM)

Session 12:  Lessons  Learned and Future Actions

 

 

""Very good topics and helpful to understand different views.""
Senior Operations & Financial Auditor, Abu Dhabi Commercial Bank
Overview

Internal Audit is changing and this provides both challenges and opportunities for audit functions.

The Chief Audit Executive/Chief Internal Auditor role is challenged to take advantage of these changes and apply new styles of service delivery and ways of working.

Successful firms and their CAE/CIA will gain significantly from these changes in the audit service delivery as part of the overall value proposition of the firm.

""There was continuous discussion in a friendly atmosphere which made it possible to exchange thoughts with all the participants and we were in full review of innovation and audit and its advantages and challenges it faces. ""
Senior Audit Manager, Asset Management House, Nigeria
Who Should Attend

This course is designed primarily for Chief Audit Executives/Chief Internal Auditors and those aspiring to that role or impacted by it, although previous delegates included those from Senior Management in Risk, Compliance, Finance, IT, Operations, Legal and HR.

Certification is available by CPD UK and following completion of both the course and a 20-question and multiple choice answer assessment, fully invigilated remotely, with results report and a resit at no additional fee.

Additional Course Information

What Does It Cover?

What does Innovation look like? 

  • Changing expectations of stakeholders
  • The IIA 3 lines model and its impact on internal audit
  • Changing the role of internal audit to adding greater value
  • Rejoining the organisation
  • What are the current challenges and opportunities?
  • Implementing auditing to future
  • How can the CAE improve the perceived value of internal audit?

The Impact of the Crisis

 New working practices within the business

  • Changes to the approach of internal audit
  • Increasing concerns over operational resilience
  • Increasing focus on fraud deterrence
  • Increasing focus on ICT and stress

Really Applying Risk- Based Internal Audit

  • Really adopting risk-based IA
  • What works for a CAE?
  • Barriers and opportunities
  • What are the key risks that worry your Board?
  • Working with, but auditing the risk management function
  • Building a revised audit plan
  • Implementing flexibility
  • Managing the Audit Committee
  • Applying risk-based approaches within audits effectively

 The CAE, AI and Data Mining 

  • Embedded risk management into 1st line – what does this mean for the CAE?
  • Where is artificial intelligence (AI) currently used and its impact on IAl
  • Improving data mining within audit
  • What role should it play?
  • How should it align with 1st and 2nd line roles?
  • Moving from sample testing to full population stratified analysis
  • Tools and techniques

he Innovative Audit Function

  • Are the skills needed changing?
  • Management techniques to build team values
  • Implementing quality techniques
  • Aligning IA with strategic aspirations and the audit of strategy
  • The IA working within governance structures
  • Providing advice without taking ownership

Innovative Audit Reporting

 The audit report is dead – long live the audit report

  • Aligning reporting to your audiences
  • Dealing with issues promptly
  • Issues v analysis
  • New approaches that add value
  • Taking the Board and Audit Committee with you
  • Audit ratings and risk appetite modelling

Audit Adds Value

 What does removing the word defence really mean in practice?

  • How can you get your team to really change?
  • What are the drivers and values that are needed?
  • Does this change the nature of your team?
  • Auditing to future
  • Identifying stress events
  • Audits role in identifying alternative approaches

Innovation in IT Audit

 What does your IT audit function currently do?

  • Dos it fully address the ICT agenda?
  • How does it consider IT strategy?
  • Is it up to date with changing opportunities and structures in IT management?
  • What does it do and what does it avoid?
  • Developing an innovative integrated IT audit function

IA and Operational Resilience 

  • What really matters?
  • Dealing with uncertainty effectively
  • Its not about finding errors
  • Innovation in BCP and DP
  • Innovation in reporting systems and structures

The CAE and Environmental, Social and Governance Audit

  • What is the role of IA regarding ESG?
  • Where does this fit into the audit universe?
  • What are the issues that need to be addressed?
  • Who would be the auditee?
  • What might findings look like?
  • What work should be conducted ion Environmental and Social issues?
  • How far can you take the governance audit?

The CAE and Third-Party Risk Management (TPRM)

  • Dealing with criticality
  • What does the CAE need to know?
  • How can you get the assurance the Board requires effectively?
  • Trying to undertake an audit at a third party.

Lessons Learned and Forward-Looking Actions

Learning Objectives

All delegates competing the course will receive an accredited Certificate in the Innovative Chief Internal Auditor. 

Delegates will gain specialist technical and behavioural knowledge, techniques and skills, experience ‘on-the-job-style’ problem-solving either 1:1 or  in limited size group discussion and develop new insights and approaches for immediate application in the audit function with a focus on:

  • Innovation in internal audit
  • How IA is changing and the impact on the CAE role
  • The skills needed in your team
  • Aligning IA to the 3 lines model
  • Really using risk-based approaches
  • Adding greater value within IA
  • Innovative audit reporting
  • Using data analytics and data mining
  • Auditing operational resilience
  • Auditing Information and Communications Technology (ICT), Environmental, Social and Governance ESG) and third-party risk management (TPRM)
Social Learning & Methods

Led by a former Tier 1 Global Bank Senior Audit Manager,  the highly-interactive seminar focuses on issues and discussion supported by key concepts presentation, real-time in-depth case studies, regulation and international best practices.

Our virtual learning platform uses confidential, safe, industry preferred encrypted Cisco WebEx to optimize live 1:1 or small group face-to-face visual interaction, and private, discrete chat for questions and clarifications.

(An invitation via email with access link is included for all participants.)

Registration

NEW The Innovative Chief Audit Executive

Course Fee

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

Number of delegates:

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