Advanced Strategic Internal Auditing
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An excellent course. I appreciate the customer service also.
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Highly educative experience and practical knowledge gained from the training programme. Kudos to the trainer and the entire team in LCT.
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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.
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Short course
In London
Learn how to build and develop an internal audit unit!
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Type
Short course
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Level
Advanced
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Location
London
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Duration
2 Weeks
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Start date
June
other dates
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
Start date
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.
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.
← | →
Course rating
Recommended
Centre rating
Mr Pason Vichitamarabhand
Agatha Amos
Lekan Ogunrinde
Suleiman Danladi Isiaka
Lawrence Kwah Sam
Teresa Onuoha
Olugbemi Williams
Former Student
Former Student
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
- 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