Internal Controls for Financial Institutions
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Excellent work environment and provision of course material. Brilliant staff especially those in the admin department.
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I appreciated the additional reading material provided by the trainer. The whole outcome was beneficial and I will apply my learnings to my job in the future.
← | →
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The LCT programme is very appropriate for Senior Management training. The environment is good with experienced trainers and friendly staff. Keep it up!
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Short course
In London
Internal controls as a mechanism for controlling risks!
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Type
Short course
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Level
Advanced
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Location
London
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Duration
1 Week
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Start date
July
other dates
Study Internal Controls for Financial Institutions with this course recently uploaded on Emagister platform! Thanks to this programme, you will assess the effectiveness of your organisation internal controls and establish an appropriate control environment!
After this course, you will be able to describe key risk management and internal control concepts and to apply the main industry frameworks and standards which influence internal controls, enhancing the effective use of internal controls.
Would you like to learn everything about Internal Controls for Financial Institutions? Visit emagister.co.uk!
Facilities
Location
Start date
Start date
About this course
• Regulatory authorities in Banking, Insurance, Pensions and Capital Markets
• Executive and non-executive Board and committee members
• Company secretaries
• Shareholder representatives
• Senior managers and executives
• Corporate lawyers
• Marketing specialists
• Institutional investors
Reviews
-
Excellent work environment and provision of course material. Brilliant staff especially those in the admin department.
← | →
-
I appreciated the additional reading material provided by the trainer. The whole outcome was beneficial and I will apply my learnings to my job in the future.
← | →
-
The LCT programme is very appropriate for Senior Management training. The environment is good with experienced trainers and friendly staff. Keep it up!
← | →
Course rating
Recommended
Centre rating
Sainabou Sarr
John Keah
Erastus Wahome
Osarieme Adeklusi
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
- IT risk
- Risk
- Financial Training
- Financial
- Risk Management
- Corporate Values
- Corporate operations
- Finance
- Risk Mgmt
- Risk Analysis
- Internal Controls
- Corporate Governance
- Financial Institutions
- Management
- Management Staff
- Management Techniques
- Reporting
- COSO
- Internal Controls Framework
- Framework
Course programme
Internal Controls in the Context of Today’s Corporate Governance
- What is Corporate Governance?
- Why is it different for financial institutions?
- Internal controls as a mechanism for controlling risks
- Board and senior management responsibilities for internal controls and the establishment of a control culture
- US Sarbanes Oxley Act 2002 and its requirements for monitoring and annual reporting on internal controls effectiveness
Main Components and Principles of Internal Controls
- The definition and purpose of internal controls
- The five components of the original COSO internal controls framework
- Integration of the original COSO control framework into COSO Enterprise Risk Management framework (ERM)
- Linking COBIT to COSO – Information technology framework and internal controls
Financial Sector Regulators and Internal Controls
- The three categories of objectives for internal controls
- COSO internal controls framework – the expanded 2013 revision
- The new seventeen principles – practical application to provide comprehensive controls
- The strong link between Basel II operational risk management and COSO
- Inherent limitations of internal controls
The Control Environment
- The vital first step – establishing the management tone at the top and an institution-wide code of conduct reflecting integrity and ethical values
- Board and management’s delegation of authority
- Commitment to competence – attracting, developing and retaining the right human resources
- Performance measures, incentives and rewards
Types of Internal Controls
- Risk appetite and strategy established by the Board and risk response strategies
- Control activities, internal controls, responsibilities and uses through the eyes of different stakeholders
- Inherent and residual risks
- Reporting and assurance
Internal Controls for Financial Institutions