Training Course
Syllabus:
Objectives of the Presentation
The discussion will focus on methods to evaluate the adequacy of the following internal audit functions: Policies and processes Staffing resources and qualifications Risk and control assessments Annual audit plans, schedules, and budgets Frequency of audits and audit cycles Individual audit work programs and audit reports Quality assurance and improvement activities Follow-up activities Reports submitted to the audit committee
Why Should you Attend
With the current release of the OCCīs Internal and External Audits Handbook, it has become even more critical for each institution to ensure that internal audit is truly serving as the third line of defense for risk management. Thatīs why institutions must be prepared for an examination of their internal audit function. Conducting a self-assessment of internal audit is an excellent way to evaluate internal auditīs effectiveness and to prepare for a regulatory examination. The self-assessment objectives should include: Determining the adequacy of board and management oversight of the bankīs internal audit function Evaluating the independence and competence of those who manage and perform internal audit functions Determining the adequacy and the reliability of work performed by the internal auditors Determining whether the internal risk analysis processes are adequate for the institutionīs size, the nature and extent of its banking activities, and its risk profile During this important webinar, our expert, Gary Deutsch, will discuss how to approach conducting a self-assessment of the effectiveness of your institutionīs internal audit function. |