Nigerian Seminars and Trainings

Search conferences, training, seminars, courses and workshops in Nigeria and around the world

business logo

Risk Based Internal Auditing for Banking and Financial Services

By: TSI Limited

Lagos State, Nigeria

14 - 16 May, 2018  3 days

Follow Event

  

NGN 180,000

This intensive 3-day training course in Risk Based Internal Auditing covers the main audit functions and the process of implementing an enterprise risk management approach (ERM) when conducting internal audits

The training program covers in great detail all steps involved in planning, developing and implementing a risk-based approach.

Course Objectives

Delegates would be able to:

  • Undertake a Risk-based approach to internal auditing
  • Evaluate Enterprise-Risk Management and effectively establish a framework in their organizations
  • Assess Internal Audit readiness to adopt a risk based approach
  • Develop a plan on how implement risk based internal auditing

Course Outline

  • Why risk-based internal auditing?
  • Risk-based internal auditing defined
  • The paradigm shift in internal auditing: why it is happening and why it is necessary
  • How risk-based auditing differs from current approaches
  • The advantages of risk-based auditing to you and your organization
  • Enterprise Risk Management
  • Objectively driving the Enterprise Risk Management environment
  • Equating risk management and corporate governance
  • The primary subsets of enterprise risk management
  • Strategically cascading risk ownership
  • The impact of ERM on the internal audit group
  • Fundamental issues of how risk will be assessed
  • Risk registers
  • Key attributes of a risk-based audit function
  • Understanding the meaning of ‘true business risk’ and its impact on the audit function
  • Effectively utilizing the three key components of real risk assessment
  • Ability to identify key types of business risk
  • Understanding how business risk should drive the audit function
  • Acknowledging the interrelationship between business risk and control failure
  • Making risk a top priority
  • Evaluating Internal Audit’s readiness to adopt a risk-based approach
  • Defining the skill sets and competencies required under a risk-based approach
  • Strategies for educating your auditors in risk-based approaches
  • Focusing on deliverables as the audit product
  • Transitioning existing audit styles and defining new ones
  • Identifying reporting relationships
  • Redefining the audit process for a risk-based function
  • Creating a plan for implementing risk-based auditing in the organization
  • Creating a dynamic/fluid audit plan
  • Targeting the engagement on key risk areas for focused, high-impact, resource maximization
  • Employing risk-centric fieldwork tools and techniques
  • Utilizing a business risk-oriented reporting format
  • Measuring real value of the audit function in business terms using the most up-to-date audit tools
4, Akinpelu Street, Lagos-Ibadan Express Road, Behind Femak Petrol Station, Ibafo Bus stop, Ibafo, Ogun State May 14 - 16 May, 2018
NGN 180,000.00 + 9,000.00 (VAT)
(Convert Currency)

+1-646-202-8832, +2348033467639, +2348023019508

LEAD FACULTY: Richard Mayungbe, PhD, MSc, MBA, BSc, FCCA, FICA, CPFA, ACFE, MICM, MIPN, Ch.MC, MITD, SEC Licensed Investment Adviser
Related Courses
Sage 50 PeachTree Accounting Course Sage 50 PeachTree Accounting Course

3 days, 08 - 10 Jan, 2018 

2018-01-08 12:01:00
Ogun State, Nigeria

TSI Limited

Sage 50 PeachTree Accounting Course is a 3 (three) days Intensive and practical training conducted by veterans. Course Outline •Installation •Chart of Accounts and Customization ...

Finance for Non Finance Managers Finance for Non Finance Managers

3 days, 04 - 06 Jun, 2018 

2018-06-04 12:06:00
Lagos State, Nigeria

TSI Limited

Managers in any non-financial function, who are responsible (currently or after promotion) for improving the financial performance of a business unit and/or are required to take financial issues into ...

Hotel Customer Relation Management Hotel Customer Relation Management

3 days, 04 - 06 Jun, 2018 

2018-06-04 12:06:00
Lagos State, Nigeria

TSI Limited

Travellers are becoming more price sensitive, less brand loyal and more sophisticated. To enhance guest loyalty, hotels must focus on developing Customer Relationship Management (CRM) strategies that ...

International Public Sector Accounting Standard International Public Sector Accounting Standard

3 days, 25 - 27 Jun, 2018 

2018-06-25 12:06:00
Lagos State, Nigeria

TSI Limited

This training is organized to sensitize Accountants, Treasurers, Account Officers, Auditors and others in finance functions of Ministries, Departments and Agencies on the provisions of the ...