Description
This webinar is designed to give employees assigned to the internal audit function a solid understanding of the scope, specific requirements, and responsibilities that must be covered in order to satisfy the board of director’s needs, as well as to meet the regulator’s and external auditor’s expectations.
Background
Internal auditing is a critical corporate governance function for financial institutions. It is also a great way for future managers to learn about banking. However, some institutions find that in today’s resource constrained and highly regulated environment, new internal auditors are asked to wear many hats – and some of those hats may help more with learning banking operations than ensuring corporate governance requirements are met.
That is why all employees that are assigned to the internal audit function should have a solid understanding of the scope of the internal audit function and the specific requirements and responsibilities that must be covered to satisfy the board of director’s needs as well as to meet the regulator’s and external auditor’s expectations.
Agenda
Learning objectives include:
• Meeting regulatory requirements
• Dealing with expanding internal audit responsibilities
• Ensuring adequate scope of audit coverage
• Maintaining effective internal audit programs
• Implementing risk-based audit procedures
• Developing effective audit reports
• Developing workpaper documentation standards
• Establishing effective audit committee communications
Benefits
• Better understand internal audit’s roles and responsibilities related to corporate governance
• Assess your internal audit function’s ability to identify governance issues that could put the Board’s objectives at risk
• Assist new internal auditors with understanding how to plan for and deliver effective internal audits
• Opportunity to ask questions related to improving the effectiveness of your internal audit function
Who Should Attend
• Auditors
• Compliance Officers
• Directors of Operations
• CRA Officers