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Strategic Internal Auditing

London Corporate Training Ltd
Course summary
2 weeks
Worldwide
Next available date: Request information - Worldwide
Corporate Training for Teams

Training Course Content

This Strategic Internal Auditing course will cover:

The Role and Function of Internal Audit

  • Key goals of the internal audit function
  • Ensuring auditor objectivity
  • Avoidance of conflicts of interest within auditing
  • Auditor skillset

Conducting Effective Audits

  • Pre-audit planning
  • Effective audit sampling techniques
  • Recording findings during auditing
  • Effective stakeholder engagement

Audit Structures

  • The audit committee’s role
  • Developing the audit charter
  • The external auditor’s role
  • Developing and improving best practices

Financial Crime Risks

  • Money laundering, terrorist financing and sanctions risks
  • AML controls
  • CTF controls
  • Sanctions controls – matches
  • Trade-based money laundering risks
  • Customer due diligence controls
  • Enhanced customer due diligence controls
  • Consideration of money laundering risks in practice evidenced by the organisation
  • Beneficial Ownership Transparency – individuals and entities
  • Testing operational efficiency v. financial crime risk prevention in practice
  • Training and awareness programmes

Audit Report Writing

  • Ensuring objective comments
  • Ensuring use of constructive language
  • Financial crime compliance terms and abbreviations for internal auditors
  • Improvement recommendations
  • Continuous improvement techniques

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

Why choose London Corporate Training Ltd

We have trained over 2,500 delegates from almost 600 client organisations

Complimentary Heathrow transfer (one-way)

Endorsed by various organisational and subject specific accrediting bodies

Expenses

The cost of this in-house varies based on number of participants, location and other factors. Request information for a training quote

About provider

London Corporate Training - Professional Training Courses

London Corporate Training have been established in the education, consulting and training industries for two decades. They work as a training team from their head office in London and aim to ensure all of their course participants receive the highest...


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Contact info

London Corporate Training Ltd

London Corporate Training
3 Shortlands, Hammersmith
W6 8DA London

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www.lct.co.uk


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