course-premium

Advanced Strategic Internal Auditing

4.7
9 reviews
  • An excellent course. I appreciate the customer service also.
    |
  • Highly educative experience and practical knowledge gained from the training programme. Kudos to the trainer and the entire team in LCT.
    |
  • I benefitted from the experience and wealth of knowledge shared by the trainers. I strongly believe the training will impact positively on my career. The trainers were fantastic in terms of their knowledge base, wealth of experience and presentation style.
    |

Short course

In London

£ 4,500 + VAT

Learn how to build and develop an internal audit unit!

  • Type

    Short course

  • Level

    Advanced

  • Location

    London

The objective of this Advanced Strategic Internal Auditing Course, imparted by London Corporate Training, is to teach you how to build and develop an internal audit unit to act effectively as a third line of defence in reducing risks and in the ethical management of organisations.

By the end of the training, delegates will be able to focus on critical enterprise risks and emerging risks from the audit function side and contribute to addressing ongoing organisational business management risks on an outlier basis.

They will also learn to link risk reporting to the organisation’s business objectives, integrate risk reporting with performance reporting and report on whether changes in the external environment affect the critical assumptions underlying the organisation’s strategy.

Interested on being part of this experience? Ask for further details about this course through emagister.co.uk.

Facilities

Location

Start date

London
See map
3 Shortlands, Hammersmith, London, W6 8DA

Start date

JuneEnrolment now open
DecemberEnrolment now open
MarchEnrolment now open

About this course

Delegates who have some auditing experience or professionals from within the financial services sector seeking to develop an advanced strategic auditing toolkit and refine their best practice approach to the enhancement of the internal audit function in private and public sector organisations.

Questions & Answers

Add your question

Our advisors and other users will be able to reply to you

Who would you like to address this question to?

Fill in your details to get a reply

We will only publish your name and question

Reviews

4.7
excellent
  • An excellent course. I appreciate the customer service also.
    |
  • Highly educative experience and practical knowledge gained from the training programme. Kudos to the trainer and the entire team in LCT.
    |
  • I benefitted from the experience and wealth of knowledge shared by the trainers. I strongly believe the training will impact positively on my career. The trainers were fantastic in terms of their knowledge base, wealth of experience and presentation style.
    |
100%
4.7
excellent

Course rating

Recommended

Centre rating

Mr Pason Vichitamarabhand

4.5
19/11/2016
What I would highlight: An excellent course. I appreciate the customer service also.
What could be improved: .
Would you recommend this course?: Yes

Agatha Amos

5.0
20/05/2016
What I would highlight: Highly educative experience and practical knowledge gained from the training programme. Kudos to the trainer and the entire team in LCT.
What could be improved: Everything was OK
Would you recommend this course?: Yes

Lekan Ogunrinde

4.0
20/05/2016
What I would highlight: I benefitted from the experience and wealth of knowledge shared by the trainers. I strongly believe the training will impact positively on my career. The trainers were fantastic in terms of their knowledge base, wealth of experience and presentation style.
What could be improved: All good
Would you recommend this course?: Yes

Suleiman Danladi Isiaka

4.5
20/03/2016
What I would highlight: LCT top quality, highly competent trainers. Customer services was excellent . Based on my experience with LCT, I will recommend LCT to anyone or organisations that want to have their employees trained.
What could be improved: Nothing
Would you recommend this course?: Yes

Lawrence Kwah Sam

5.0
11/07/2011
What I would highlight: Lively and interactive discussions.
What could be improved: Nothing.
Would you recommend this course?: Yes

Teresa Onuoha

5.0
11/07/2011
What I would highlight: LCT is an excellently organised company. I would like to return for another programme.
What could be improved: All OK.
Would you recommend this course?: Yes

Olugbemi Williams

5.0
11/07/2011
What I would highlight: The overall course content is very good.
What could be improved: No complaints.
Would you recommend this course?: Yes

Former Student

4.5
11/07/2011
What I would highlight: Very interactive, lively discussions with hands-on examples throughout the presentations. Excellent delivery with loads of examples. Objectives for attending the programme have once again been met.
What could be improved: Nothing.
Would you recommend this course?: Yes

Former Student

4.5
11/07/2011
What I would highlight: The company is very friendly. Thanks.
What could be improved: Everything good.
Would you recommend this course?: Yes
*All reviews collected by Emagister & iAgora have been verified

This centre's achievements

2017

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

  • Risk
  • IT risk
  • Audit
  • Systems
  • Compliance
  • Auditing
  • IT Auditing
  • Financial
  • Trade
  • Financial Training
  • Staff
  • Strategic
  • Internal Auditing
  • Enterprise risks
  • Risk reporting
  • Financial Crime
  • Finance Transactions
  • Audit Structure
  • Stakeholders
  • Organisational Systems
  • Risk Management

Course programme

Review of Key Audit Function Foundations

  • Review of key action points
  • Develop organisational specific risk matrices
  • Global best practice – case studies – lessons learned analysis
  • Key action points – delegate and manage action plan development

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

Audit reports – Working with Stakeholders

  • Effective post audit de-briefing
  • Root cause analysis and remediation recommendations
  • Developing departmental action plans with stakeholders: contributing to the delivery of compliance 2.0
  • Managing conflict situations

Use of technology in combating financial crime and cyber crime

  • Overview of the digitalisation of risk management
  • Big data analytics: mapping indicators of fraud, money laundering, bribery and corruption, sanction breaches, and market manipulation
  • The holistic approach to risk management: effectiveness – efficiency – scalability – oversight
  • Enterprise Risk Management (ERM): customising and consolidating automated manual processes
  • Overview of transaction monitoring and threshold values for internal auditors
  • Trade surveillance software and correlation analysis: from repetitive behaviours to manipulating behaviours
  • Testing financial crime compliance systems: Data chosen, cleansing, articulation, and understanding before “feeding” into the compliance system
  • Assessing fitness and operational efficiency of organisational systems and controls to prevent and combat cyber-crime risks: Phishing, Webcam manager, File hijacking, Keylogging, Screenshot manager, Ad clicker, Hacking, and distributed denial of services (DDOS)

Effective Linkage of Organisational Systems

  • Overview of core organisational systems – Finance, HR, Governance, CSR
  • Closing the loopholes to assist in legal prosecution case efficiency
  • Ensuring good staff policy compliance
  • Establishing and managing – staff register of interests and conflicts of interest

Engaging with External Auditors

  • The key role and objectives of external audit
  • Ensuring availability of evidence through defensible in court procedures for situations faced
  • Detecting severe but plausible scenarios
  • Overcoming organisational cultural challenges
  • Capturing and maximising earning and growth opportunities from the external audit

Advanced Strategic Internal Auditing

£ 4,500 + VAT