Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

Risk Based Auditing Techniques for Banks and other Financial Institutions

By: Fontini Consulting Ltd

Lagos State, Nigeria

27 - 30 Sep, 2022  4 days

Follow Event

  

NGN 300,000

Venue: Precint Hotel Yaba Lagos

In recent times, audit functions in most forward-looking organizations have adopted a risk-based approach that is truly business oriented by focusing their efforts and deploying resources on significant risk that impacts overall business performance. The objective of this course is to present an opportunity for prospective internal auditors and people currently working as internal auditors to be exposed to technical skills and the requisite body of knowledge to enable them to conduct a basic risk-based internal audit. Internal auditors are expected to add value by collaborating with the management team in an organization and proactively identify and mitigate against unforeseen events that can impact negatively on the operations and objectives of their organization. In terms of the new definition internal auditors are also required to evaluate and audit risk management, controls, and the governance processes. The internal auditor is expected to assist management by providing assurance as to whether the systems they have implemented are working as intended and whether the risks that threaten the company’s objectives have been identified and are being properly managed.

Programme Objective

This course will aid people in risk-based internal auditing and even people who would like to re-skill into this new dynamic field to adapt to the requirements surrounding a risk based internal audit of an organization.

Overview of the Function of Internal Auditing

• Identify the value of internal auditing.

• Internal auditing – definitions, concepts and terminologies.

• Internal audit standards related to risk-based auditing.

• Risk-based auditing in organization

Why Risk-Based Internal Auditing

• Risk-based internal auditing defined.

• Paradigm shift in internal auditing.

• Differentiating risk-based auditing from current approaches.

Corporate Governance               

• Define corporate governance.

• Identify Performance Standard 2110: Governance

• Identify the areas an internal audit must assess, evaluate, and report on to assure adequate corporate governance.

Module 3: Enterprise Risk Management

• Define enterprise risk management (ERM) and risk.

• Identify the difference between inherent and residual risk.

• Risk Management Assumptions

Module 4: Control (and Risk) Frameworks

• Define Performance Standard 2130: Control.

• Identify the elements of COSO control and ERM frameworks.

• Identify the internal control environment factors, risk management factors, control activity factors, information and communication factors, and monitoring factors.

Module 5: Entity-wide Risk Assessment

• Identify Assurance Performance Standard 2130.A1.

• Identify the process for performing an entity-wide risk assessment.

• Define business process.

• Identify the process of developing an audit plan

Module 6: Risk-based Audit Engagement

• Identify the process of performing a risk-based engagement.

• Identify the attributes of a business process definition or objective.

• Identify the risk-to-business processes and risk events.

• Identify the four common ways to manage risk.

• Identify the definition of controls, the type of controls, and evaluation methods for controls.

• Identify internal audit Standards 2210, 2210.A1, 2210.A2, 2210.A3, and 2240.

• Identify the guidelines for reporting the results of a risk- based audit engagement, Is it right for you?

For Whom:

This course is targeted at

  • Internal Auditors
  • Risk Managers and
  • Compliance Officers across all sectors
Precint Hotel Yaba Lagos Sep 27 - 30 Sep, 2022
NGN 300,000.00
(Convert Currency)

DR. FRANCIS OKEREKE 08035062583

A distinguished team of Facilitators who are eminently qualified professionals

Related Courses

Budgeting and Financial Management in the Agricultural Value Chain Course Budgeting and Financial Management in the Agricultural Value Chain Course

4 days, 18 - 21 Jul, 2022 

2022-07-18 12:07:00 2022-07-18 12:07:00
Abuja FCT, Nigeria

Fontini Consulting Ltd

This workshop will address the Nitty Gritty of Budgeting and Financial Management in the Agricultural Value Chain. Details On Request ...

Advanced Leadership Training Advanced Leadership Training

4 days, 12 - 15 Jul, 2022 

2022-07-12 12:07:00 2022-07-12 12:07:00
Abuja FCT, Nigeria

Fontini Consulting Ltd

Both leadership and management in the 21st Century are becoming increasingly more complex. Typically, organisations in both the public and private sectors are facing changes driven by political, ...

Conflict Resolution in the Workplace Training Conflict Resolution in the Workplace Training

4 days, 18 - 21 Oct, 2022 

2022-10-18 12:10:00 2022-10-18 12:10:00
Abuja FCT, Nigeria

Fontini Consulting Ltd

Conflict is often part of the daily life of managers and human resources professionals. The way it is managed has a significant effect on the overall outcome. Well-managed conflict can result in a ...

Strategy-Tactics and Best Practice in Combating Illicit Financial Flow Course Strategy-Tactics and Best Practice in Combating Illicit Financial Flow Course

4 days, 04 - 07 Oct, 2022 

2022-10-04 12:10:00 2022-10-04 12:10:00
Abuja FCT, Nigeria

Fontini Consulting Ltd

This Combating Illicit Financial Flow  Course will deal with all issues associated with Cross Border Crimes as well as combating illigal flow of funds.   ...