RISK BASED INTERNAL AUDIT
Objective:
The objective of this training is to understand internal audits in-depth to identify risky areas aiming for correct internal control in place to ensure the best performance. Moreover, this training is focused on imparting both technical to minimize the risks that can hamper the performance of the banks and FLs and non-technical skills to present audit reports effectively to the stakeholders.
Background:
The banks and FIs are prone to various risks that ultimately determine profitability, stability, and sustainability. The Internal Audit comes into the picture to improve the control environment by identifying redundancies in operational activities, control procedures, and provide recommendations to improve efficiency and effectiveness resulting in better performance. This training focuses on imparting comprehensive knowledge regarding risk and process and technique to tackle it. In addition to this, the training also includes sessions of effective ways to present the audit reports to the stakeholders.
Workshop Coverage:
- The evolution of Internal Audit
- Definitions and types of Internal Audit
- The process of Risk focused Internal Audit
- Risk focused categorization of auditable units (branches, provincial offices, and departments)
- The frequency of the regular RFIA
- Intensity of RFIA
- Audit Report Format
- Normal Process under RFIA- Conduct of audit, the content of Audit report, Management letter. Role of controllers and post-audit)
- Ways to discuss process audit reports with stakeholders.
- Present audit reports effectively
- Advantage of Risk-based Audit
- Experience sharing
Target Audience:
Employees working in the Internal Audit Department