Risk Based Internal Auditing
How to execute and overcome practical challenges
In emerging economies financial institutions are seeking an approach to internal audit that goes beyond reviewing past activities. They expect internal audits to be insightful, forward looking and creating value for the organization. The recent major fraud in one of the leading public sector banks in South Asia has, inter-alia, highlighted weaknesses in the internal audit system.
To enable participants to:
- Gain practical insights into successful implementation of RBIA
- Face transformation challenges in embedding risk based audit culture
- Meet changing expectations of stake holders including the regulators
- Overview of risk management in banks – credit, market, operational risks
- Overview of Basle II & III
- Bank’s strategy and forward looking audit plans
- Stakeholders’ awareness and alignment – a critical building block
- Defining audit universe and entity risk assessments
- Conducting risk based audits and communicating findings
- Risk based audit reporting
- Basle II/III – role and expectations from Internal Audit
- Approach to audit ratings and scorecard KPIs
- – Audit of risk management functions – credit, market, operations risks
- Audit issues tracking – an integrated approach to risk mitigation
- Root cause analysis and risk database
All the topics mentioned above will be supported by exercises / case studies and sharing of international experience.
Target Group: Those working in Internal Audit, Internal Control, Risk Management, Banking Operations and Regulatory Compliance
Trainers: CA Anoop Sapra, CPA (US), CA (India), CS (India) Prof. Satish Shinde, Ph.D.
Duration: 3 days