Course description
Chief Internal Auditor Programme for Banking & Financial Services
A very interactive course where ideas are shared by all participants, simply great learning” Head of Internal Audit, Ecobank
The trainer is highly experienced, with a diverse background” Chief Internal Auditor, Habib Bank Limited
In recent years, the corporate spotlight has focused increasingly on Chief Internal Auditors and on the impact and influence they and their teams can have. Their personal and professional relationships with their key stakeholders are vital to the reputation of the internal audit function and the support it receives within the organisation. This course will provide the Chief Internal Auditor with practical guidance aimed at enhancing their position and profile within their organisation, as well as the reputation and performance of their team.
The course will enable the Chief Internal Auditor to understand and develop attributes that demonstrate world-class performance, with particular emphasis on teamwork, relationships, innovation and the drive for continuous improvement.
The Chief Internal Auditor and his or her team are seen as key parts of the governance, risk and assurance framework and this course will also help the Chief Internal Auditor leverage the work of other assurance functions so as to present a more coordinated role in reporting to the relevant Board level committees (usually Audit and Risk) on strategic change and its impact on this framework.
Training content
Day 1
- Introduction
- Class Discussion and Ice-Breaker
- The role and position of the Chief Internal Auditor (Part 1)
- Class Exercise
- Reporting Lines
- The Chief Internal Auditor's role in meeting Professional Standards documentation
- Group Discussion
- Audit Planning, the Audit Universe and other Critical information?
- Class Exercise
Day 2
- Recap Day 1 Roles, Position, Stakeholders, Critical MI, Sound bites
- The role and position of the Chief Internal Auditor (Part 2)
- Class Discussion
- The IPPF and the Standards
- The CIIA Financial Services Code (2013 and the 2017 update)
- Class Discussion
- Case Study
- The Changing shapes of Internal Audit functions
- Class Discussion
- Group Discussion
Day 3
- Recap Day 2
- Attributes of a World Class Internal Audit function
- Group Discussion
- Case Study
- Class discussion
- External Quality Assessments (EQAs)
- Case Study
- State of the internal audit profession in 2016
- Global hot spots for internal audit in 2017
- Audit Committee priorities
Day 4
- Recap Day 3
- Audit Reporting
- Case Study
- Class discussion
- Action Tracking
- Grading audit reports and issues
- Group Discussion
- How to audit complex areas, such as governance, culture and strategy?
- Group Discussion
- Case Study
- The updated UK FRC Corporate Governance code What does it mean for the CIA?
- Group Discussion
Day 5
- Recap Day 4
- Auditing Change Projects
- Case Study
- Building a more effective and efficient internal audit function
- Group Discussion
- Conclusion
Costs
Course fee: £5295 + VAT
Certification / Credits
Learning Objectives:
- Understand how to create the most effective reporting lines and to build efficient channels of communication, both inside and outside the Boardroom
- Develop and build powerful relationships with all key stakeholders, understanding the levers and buttons which help build maximum impact and credibility within an environment of growing regulation and accountability.
- Learn how the Chief Internal Auditor (and their team) can leverage the principles of the CIIA code to work effectively across all organisations.
- Hear about and exchange war stories” from a variety of Audit Committee and executive environments.
- Develop an approach to reflect the objectives, values and culture of the organisation.
- Understand the skills and resources required to deliver a challenging plan and what does this mean for the shape of the team.
- Learn how to get the most out of a co-source relationship, recognising the value that Audit Committee chairs now believe this can bring to all internal audit functions.
- Develop approaches to plan and audit more complex areas such as governance, culture and strategy.
Benefits of attending:
- You will improve your performance, profile and reputation as a Chief Internal Auditor.
- You will understand the challenges that new Chief Internal Auditors should expect and you will get practical guidance and real life examples of how to meet them head on.
- You will develop your skills to communicate better in the Boardroom or in key executive committee meetings, both verbally and through improved reports.
- You will learn to build a more receptive culture for internal audit.
- You will learn best practices for enhancing the performance, impact and credibility of your internal audit team.
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Euromoney Learning
At Euromoney Learning, we understand that learning doesn’t start and end when you leave the classroom. We know that the financial markets never stand still, and that technology has both simplified and added complexity at a break-neck pace. That’s why...