Description
Internal auditing is a critical corporate governance function for financial institutions. In order to satisfy the Board’s needs as well as to meet regulator and external auditor expectations, employees must understand the specific requirements and responsibilities of this task.
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.
Benefits
Participate so you can:
• Meet regulatory requirements
• Deal with expanding internal audit responsibilities
• Ensure adequate scope of audit coverage
• Maintain effective internal audit programs
• Implement risk-based audit procedures
• Develop effective audit reports
• Develop workpaper documentation standards
• Establish effective audit committee communications
Who Should Attend
• Auditors
• Compliance Officers
• Security Officers
• Directors of Operations
• Loan Review Officers
• CRA Officers