Strategic Internal Auditing
-
I had a really good time at LCT. Everything was on point.
← | →
-
The case studies in the respective course modules were excellent. The consultants were very supportive and great. All in all, it has been a great experience and will definitely recommend LCT to other friends and associates of mine.
← | →
-
The course is: an eye-opener in areas such as Financial Crimes Risk; An excellent refresher in some areas such as roles and function of internal audit; offered good in-depth knowledge of the internal audit professional development and impact on internal audit work.
← | →
Short course
In London
Enhance your internal audit's strategic role to improve business performance!
-
Type
Short course
-
Level
Intermediate
-
Location
London
-
Duration
2 Weeks
-
Start date
June
other dates
Enhance your internal audit's strategic role to improve business performance with this Strategic Internal Auditing Course organized and imparted by London Corporate Training that emagister.co.uk offers has part of its educational catalogue.
The course pursues the objective of teaching delegates to ensure their reports integrate risk for decision making processes.
As part of this training they will also be able of identifying and assess financial crime risks within the control environment, engaging effectively with stakeholders, and promoting the function of the organisation’s Chief Risk Officer.
If you want to know more details about this course, ask for information through emagister.co.uk.
Facilities
Location
Start date
Start date
About this course
Delegates who have solid experience within auditing and who are now looking to contribute to the strategic development of the audit function to both equip themselves with additional skill-sets and enhance the level of protection and transparency afforded to the organisation via the pro-active internal audit function
Reviews
-
I had a really good time at LCT. Everything was on point.
← | →
-
The case studies in the respective course modules were excellent. The consultants were very supportive and great. All in all, it has been a great experience and will definitely recommend LCT to other friends and associates of mine.
← | →
-
The course is: an eye-opener in areas such as Financial Crimes Risk; An excellent refresher in some areas such as roles and function of internal audit; offered good in-depth knowledge of the internal audit professional development and impact on internal audit work.
← | →
Course rating
Recommended
Centre rating
Motsisi Sebenape
Rose Kwena
Boakari Sannoh
David Linton
Hussain Zammurad
Group Captain Nadeem Yousaf
Maxwell Asante Bako
Happy J.K. Afful
Teresa Onuoha
This centre's achievements
All courses are up to date
The average rating is higher than 3.7
More than 50 reviews in the last 12 months
This centre has featured on Emagister for 15 years
Subjects
- Audit
- IT risk
- IT Auditing
- Financial
- Financial Training
- Auditing
- Trade
- Internal Auditing
- Risk
- Audit Structure
- Organisation
- Business Cases
- Audit Report Writing
- Crime Risk
- Financial Crime
- AML Controls
- CTF Controls
- Financial Crime Risks
- Audit Structures
Course programme
The Role and Function of Internal Audit
- Key goals of the internal audit function
- Ensuring auditor objectivity
- Avoidance of conflicts of interest within auditing
- Auditor skillset
Conducting Effective Audits
- Pre-audit planning
- Effective audit sampling techniques
- Recording findings during auditing
- Effective stakeholder engagement
- Audit Structures
- The audit committee’s role
- Developing the audit charter
- The external auditor’s role
- Developing and improving best practices
Financial Crime Risks
- Money laundering, terrorist financing and sanctions risks
- AML controls
- CTF controls
- Sanctions controls – matches
- Trade-based money laundering risks
- Customer due diligence controls
- Enhanced customer due diligence controls
- Consideration of money laundering risks in practice evidenced by the organisation
- Beneficial Ownership Transparency – individuals and entities
- Testing operational efficiency v. financial crime risk prevention in practice
- Training and awareness programmes
Audit Report Writing
- Ensuring objective comments
- Ensuring use of constructive language
- Financial crime compliance terms and abbreviations for internal auditors
- Improvement recommendations
- Continuous improvement techniques
Risk – Based Auditing
- Identifying areas of risk
- Identifying new areas of risk
- Classification and quantification of risk areas
- Identifying potential interface of existing and new areas of risk
- Developing audit and re-audit frequency in alignment with risk
- Overview of emerging and evolving threats
Conducting Effective Audits
- The auditor’s role as a consultant
- Utilising audit reporting to inform organisational policy development
- Continuous improvement initiatives and supervision
- Measuring improvement – toolkit for objective measurement and demonstration of audit output improvements
Financial crime compliance
- Record keeping procedures
- Controls to identify potentially suspicious activities
- Trade finance transactions
- Trade processing controls by processing staff
- Red flagging procedures
- Pre-determined thresholds systems and controls
- Escalations
- Actions taken by senior management
- Evidence and awareness of senior management evidencing how crime risks evolve in organisational type of business
Engaging with the Audit Structure
- Making effective recommendations and business cases
- Presenting information effectively
- OSCOLA (Oxford University Standard for the Citation of Legal Authorities) for
- internal auditors
- Contributing meaningfully to the development of the long-term audit strategy
- Upgrading the profile of internal audit within the organisation
Strategic Internal Auditing