Internal Auditing in the Banking Industry - In-Person
The Internal Auditing in the Banking Industry in-person CPE training program is designed to provide participants with a comprehensive understanding of internal auditing practices within the banking industry. The program is suitable for individuals who are involved in internal auditing, risk management, compliance, and other related areas.
The training program is delivered through a combination of lectures, case studies, and interactive exercises. It covers a wide range of topics, including:
Introduction to Internal Auditing in the Banking Industry: This section provides an overview of the role of internal auditing in the banking industry, its importance, and its objectives.
The Regulatory Environment: This section covers the regulatory environment within which banks operate, including the roles of regulatory bodies such as the Federal Reserve, OCC, and FDIC.
Risk Assessment: This section covers the risk assessment process used in internal auditing, including risk identification, risk assessment, and risk response.
Audit Planning and Execution: This section covers the steps involved in audit planning and execution, including audit scope, audit objectives, audit procedures, and audit reporting.
Fraud Detection and Prevention: This section covers the importance of fraud detection and prevention within the banking industry, and the role of internal auditing in this process.
Emerging Trends and Best Practices: This section covers emerging trends in internal auditing, including the use of data analytics, and best practices for improving internal auditing processes.
The Internal Auditing in the Banking Industry CPE training program is highly interactive. It is designed to provide participants with practical knowledge and skills that can be immediately applied to their work. Upon completion of the program, participants will have a solid understanding of internal auditing practices within the banking industry. They will be able to effectively perform internal audits in their banking organization
Each attendee will receive 16 Auditing CPE Hours (YB). A certificate of completion will be provided.
Details on Event Presentation
The sessions will be as follows:
Thursday – 9:00 a.m. to 5:00 p.m.
Friday - 9:00 a.m. to 5:00 p.m.
We can schedule private virtual events on your timetable for three or more attendees.
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 16 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.
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 Auditing in the Banking Industry- Importance of internal auditing in the banking industry
- Objectives of internal auditingTypes 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 auditing 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 auditing 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 Auditing in the Insurance Industry
- Your Keys to Success!
NASBA Program Disclosure
Program Level of Understanding: Intermediate
Prerequisites: None
Advance Preparation: None
Delivery Format: On-site Training (Group-Live); Seminar (Group-Live)
NASBA Field(s) of Study: Auditing
CPE Credits: 16, based on 50 minutes of instruction per hour
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.