Course Summary:

This new half day course provides an introduction to the work of the internal audit function, setting out the role and place of the function in the regulated financial and insurance services business.

Course Content: 

“The Financial Regulator views internal audit as being an integral part of the ongoing monitoring of an undertaking’s system of internal controls and of its internal capital assessment procedure, because internal audit provides an independent assessment of the adequacy of, and compliance with, the undertaking’s established policies and procedures. The role of the internal audit function is to assist senior management and the Board of Directors in the efficient and effective discharge of their responsibilities.”

Financial Regulator, Corporate Governance, December 2007 

Benefits:

The course will look at:
  • The role of the internal audit function in the firm’s governance mechanisms
  • The distinction between internal audit and external audit
  • Setting terms of reference for the internal audit function
  • The relationship between internal audit and supervisory authorities
  • The relationship between internal audit and the board of directors
  • Outsourcing the internal audit function
  • Integrating the work of internal audit, compliance and risk management functions for maximum effectiveness
The course will examine:
  • Principles underlying a sound, capable internal audit function, across various Directives:
    • Independence
    • Objectivity and Impartiality
    • Authority
    • Access
    • Reporting
    • Remuneration
    • Resources
    • Scope
    • Key Findings
    • New Products
    • Competence
  • Working methods and types of audits
  • Risk focus and audit plan
  • The audit process from plan to report
  • Procedures
  • Managing the internal audit department
  • Performance assessment metrics and the balanced scorecard

An effective and well structured internal audit function is not just imperative, but is a regulatory requirement, under Irish (and overseas) banking, MiFID and insurance regulatory systems.  The current banking and investment scandals both in Ireland and abroad make this course a must for senior management and internal auditors.

Who Should Attend:

  • Executive and Non-Executive Directors
  • Members of Risk & Audit Committees
  • Heads of Internal Audit
  • Heads of Risk
  • Heads of Compliance
  • MLROs
  • Operational Management

Cost:

€380 (All training fees are VAT exempt)

Details:

Date Time  Venue
Wednesday 6th December 2017 9.15 am - 1.15 pm 13 Adelaide Road, Dublin 2

Alternative Payments:

To pay by bank transfer/cheque please make your booking via bookings@complianceireland.com including the course name, course date, your name and contact details (including email address and telephone number). We will email you with an invoice and course details which includes the details of how to make payments.

Enquiries:

If you wish to enquire about a course before booking, please contact us at: email@complianceireland.com

CPD details:

Institute of Bankers: Formal CPD Hours

QFA: 0 hours
CPD Member: 0 hours
RS CPD Member: 0 hours
LCOI: 2 hours
Chartered Banker: 3.5 hours
CeB (Certified Banker): 3.5 hours

What Others Say:

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