Internal Audit in the Banking Industry
Welcome to our captivating CPE event: "Internal Audit in the Banking Industry". This internal audit training course is specially crafted for those who are eager to unravel the complexities of internal auditing within banks and credit unions.
In this enriching educational journey, we'll delve deeply into the pivotal aspects of internal auditing specific to the banking industry. You'll gain a profound understanding of its essential elements, their complex interrelationships, and how they seamlessly integrate to form an efficient internal audit function. All our instructors for this internal audit training event have previous experience in banking.
But we don't just dwell on theory - we illuminate these principles with real-world examples and case studies, demonstrating how these concepts can be pragmatically employed across various banking scenarios. Whether you're an auditor seeking to broaden your horizons, or a banking professional aiming to enhance your internal auditing skills, this internal audit training course offers an abundance of insights and practical knowledge.
Upon completing this event, you'll possess a holistic understanding of internal auditing in the banking industry, equipping you to proficiently manage it within your organization and ensure compliance with banking industry standards.
Each attendee will receive 12 Auditing CPE Event Hours (YB). A certificate of completion will be provided.
So why hesitate? Join us for this illuminating CPE event and take a significant stride towards mastering the art of internal audit in the banking industry. Let's embark on this journey of knowledge and growth together!
Details on Event Presentation
Offered on Wednesday-Thursday once every six weeks in two six hour sessions for 12 CPE credits.
The sessions will run from 9:00 a.m. to 3:00 p.m. Central Time Zone. There will be a lunch break from 12:00 noon to 12:30 p.m. each day.
We can schedule private courses on internal audit on your timetable for two or more attendees.
NASBA Program Disclosure
Program Level of Understanding: Intermediate
Prerequisites: Internal Audit 101 and/or Internal Audit 201
Advance Preparation: None
Delivery Format: On-site Training (Group-Live); Seminar (Group-Live)
NASBA Field(s) of Study: Auditing
CPE Credits: 12, based on 50 minutes of instruction per hour
CPE Event Highlights
This CPE training event is an excellent opportunity for internal audit professionals in the financial industry to earn CPE credits while expanding their knowledge and skills. The training event offers up to 12 CPE credits.
Internal auditors in the banking industry need to build a strong background in accounting, finance, and banking operations. Their audit work is focused on risk management, compliance and regulatory requirements, and internal control systems.
The training event covers a wide range of topics, including the regulatory environment, auditing standards, risk assessment, audit planning and execution, fraud detection and prevention, and emerging trends and best practices. The sessions are led by experienced banking industry professionals and provide real-world examples to illustrate key concepts.
Overall, the CPE training event is an excellent opportunity for professionals in the financial industry to earn CPE credits while expanding their knowledge and skills in internal auditing practices within the banking industry.
CCS is your special source for internal audit course and IT audit training both in-person and via webinars.
Learning Objectives
Improve the effectiveness of attendees by:
- Building a comprehensive understanding the banking industry and the role of internal audit within it.
- Understanding an overview the purpose and scope of internal auditing in financial institutions.
- Reviewing the functional areas with an banking entity operations.
- Overviewing the current compliance and regulatory issues
- Expanding the attendee's knowledge of risk assessment and internal control systems within the banking industry
- Enhancing the use of effective communication skills and the professionalism of the attendee.
Key Issues on the Agenda
Introductions
Session 1: Introduction to Internal Audit in the Banking Industry- Importance of internal audit in the banking industry
- Objectives of internal auditing
- Types of audits in the banking industry
- Differences between internal and external auditing
Session 2: The Regulatory Environment
- Overview of regulatory bodies in the banking industry
- Roles of regulatory bodies such as the Federal Reserve, OCC, NCAU, State Regulators and FDIC
- Regulatory requirements for internal audit in the banking industry
Session 3: Auditing Standards
- Overview of auditing standards in the banking industry
- Standards established by the Institute of Internal Auditors (IIA)
- Federal Financial Institutions Examination Council (FFIEC) guidance
Session 4: Risk Assessment
- Importance of risk assessment in internal auditing
- Risk identification
- Risk assessment
- Risk response
Session 5: Audit Planning and Execution
- Steps involved in audit planning
- Audit scope and objectives
- Audit procedures
- Audit reporting
Session 6: Fraud Detection and Prevention
- Importance of fraud detection and prevention in the banking industry
- Types of fraud
- Fraud risk assessment
- Fraud detection and prevention techniques
Session 7: Emerging Trends and Best Practices
- Emerging trends in internal audit in the banking industry
- Use of data analytics in internal auditing
- Best practices for improving internal auditing processes
Session 8: Summary and Wrap-Up
- Recap of Internal Audit in the Insurance Industry
- Your Keys to Success!
Summary of the Subject Matter
This CPE training event is designed to provide participants with a comprehensive overview of internal auditing practices within the banking industry. The training event covers a wide range of topics, including the regulatory environment, auditing standards, risk assessment, audit planning and execution, fraud detection and prevention, and emerging trends and best practices.
Participants will learn about the role of internal auditing in the banking industry, its importance, and its objectives. They will also learn about the regulatory environment within which banks operate, including the roles of regulatory bodies such as the Federal Reserve, OCC, NACU and FDIC.
The training event will cover auditing standards that apply to the banking industry, including those established by the Institute of Internal Auditors (IIA) and the FFIEC. Participants will also learn about the risk assessment process used in internal auditing, including risk identification, risk assessment, and risk response.
The training event will cover the steps involved in audit planning and execution, including audit scope, audit objectives, audit procedures, and audit reporting. Participants will also learn about the importance of fraud detection and prevention within the banking industry, and the role of internal audit in this process.
Finally, the training event will cover emerging trends in internal auditing, including the use of data analytics, and best practices for improving internal auditing processes.
Overall, the CPE training event provides a comprehensive overview of internal auditing practices within the banking industry. It is designed to equip participants with practical knowledge and skills that can be immediately applied to their work.