Internal Auditing - Level 3

This Internal Auditing - Level 3 course will cover:

Review of Key Audit Function Foundations

• Review of key action points
• Develop and test alignment of organisational systems and controls to prevent and mitigate financial and cyber-crime risks
• Global best practice – case studies – lessons learned analysis
• Key action points – Participants and manage action plan development

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