This course aims to introduce the systems of risk management and internal audit according to the international principles and agreements. It also introduces the important role of internal audit in risk management and the Institute of Internal Audit (IIA) strategies and objectives. The course will also demonstrate the practical steps to perform an internal audit assignment and prepare the various reports.
.Define the importance of internal auditing in banks, and discuss international internal auditing standards
.Demonstrate and discuss international internal auditing code of ethics
.Define the importance of internal control system in banks
.Identify, assess and manage banks’ risks, implement control procedures to mitigate the identified banks’ risks
.Prepare risk based audit plan and perform audit assignment based on risk methodology
.Definition of IIA Internal auditing and the importance of it in banks
.IIA Attributes standards
.IIA Performance standards
.IIA Implementation standards
.Definition and objectives of internal controls
.Components of internal control system
.Money laundering risk
.Information technology (IT) risk
.Risk assessment and management processes
.Types of control
.Control activities and procedures
.Banks’ risks Assessment and management.
.Control procedures to mitigate different types of risks
.Prepare risk based audit plan
.Determination of audit universe
.Designing risk management frame work
.Developing audit plan
.Course is designed for the supervisory and middle management levels in internal audit.
.Training Attendance Certificate.