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Strategic Internal Auditing

London Corporate Training
Course summary
Professional Training
10 days
5,900 GBP excl. VAT
London
Course Dates
London
5,900 GBP
28/11/2022

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

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

Please contact us for more information on pricing.

About provider

London Corporate Training (LCT)

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

London Corporate Training
3 Shortlands, Hammersmith
W6 8DA London

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www.lct.co.uk

Reviews

Average rating 4.7

Based on 15 reviews.

Audit director, Pakistan Air Force
It was a marvellous experience and my colleagues and I expect to return for future courses. Best regards to the faculty and administration who made our course and stay the most comfortable and pleasant.
Manager, Internal Audit, Bank of Ghana
The trainers are professionals who know the practice of internal auditing. Throughout the training they shared their practical experience - in essence doing consultancy work for our various companies. We are also grateful for the catering and the customer service.
Principal Auditor, Ghana National Petroleum Corporation
The case studies in the respective course modules were excellent. The consultants were very supportive and great. All in all, it has been a great experience and will definitely recommend LCT to other friends and associates of mine.
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