C6057 - Internal audit function in financial sector
Target Audience
Anyone interested in entering the career in the financial sector.
Objectives
- Appreciate and understand the laws, regulations, codes of conduct applicable to entities in the financial sector and the regulatory framework for the internal audit function.
- Understand the aim and objectives of the internal audit chart.
- Understand the particular position of the internal audit within the organisation, i.e. independent from the other functions it intends to audit.
- Confirm that the audit function is independent from the other functions it intends to audit.
- Understand the way the internal audit plan over a period lasting 3 years is elaborate.
- Appreciate how to plan any audit task and execute it in compliance with the laws, codes of conduct and regulations as required.
- Understand how to document any audit mission undertaken, informing the concerned individuals, concerned management, external auditor and in case the regulator.
- Understand how an internal auditor ascertain that all tasks in internal audit plan are done (even when an outsourced internal audit function).
- Discover audit reporting methods.
Prerequisites
None. However, its is recommended to complete the course « IFRS: Overview of Key Standards » (C2026) prior to enroll to this course or to have equivalent knowledge.
