The New Principles of Internal Audit

September 12-13, 2017

The Hilton ParkSa Hotel, Istanbul

Seminar price : USD 1490 +VAT

In June 2012 the Basel Committee on Banking Supervision (BCBS) issued supervisory guidance entitled ‘The Internal Audit Function in Banks’. This guidance sets out 20 principles relating to the role, structure, activities and scope of Internal Audit that are collectively designed to ensure that reliable independent assurance is provided to the board of directors and senior management on thequality and effectiveness of a bank’s internal control, risk management and governance systems and processes. This course examines these 20 principles and considers the associated best practices that, when implemented, ensure audit approaches and standards are adopted that satisfy bank supervisory (BCBS) expectations.

 

Who should attend?

Chief auditors, audit managers and supervisors, members of the audit committee and other senior managers who are seeking to upgrade or modernise their internal audit function in line with updated bank supervisory (BCBS) expectations.

The New Principles of Internal Audit Learning Objectives

By the end of the course delegates will gain an in-depth understanding of the updated Basel principles for the Internal Audit function and their implications for your bank. In particular delegates will be able to understand how to:

Ø Design and implement an Audit Charter

Ø Organise and structure an Audit Committee

Ø Optimally position Internal Audit and establish productive relationships with the board of directors, management, supervisors and other related assurance functions

Ø Define competencies for internal audit personnel, evaluate skills and monitor development

Ø Construct an optimal audit universe and audit plan

Ø Develop independent risk assessment approaches commensurate with the relative maturity and effectiveness of risk management

Ø Build a heat-map that shows the status of Internal Audit activities relative to the threat of unexpected losses

Methodology

The course is in workshop form. It is designed to be eminently practical, interactive and rich with reallife case studies that are complemented by classroom instruction led by an expert trainer who is both a former Chief Auditor and risk management expert. Participants will be encouraged to work in teams on case studies aimed at implementing best practice approaches to internal auditing that are consistent with supervisory expectations.

Knowledge Pre-Requisites

A minimum of 2 years experience in a supervisory or management role in or connected with internal audit is recommended.

 

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