In June 2012 the Basel Committee on Banking Supervision (BCBS) issued supervisory guidance entitled ‘The Internal Audit Function in Banks'. This guidance sets out 20 principles relating to the role, structure, activities and scope of Internal Audit that are collectively designed to ensure that reliable independent assurance is provided to the board of directors and senior management on the quality and effectiveness of a bank's internal control, risk management and governance systems and processes. This course examines these 20 principles and considers the associated best practices that, when implemented, ensure audit approaches and standards are adopted that satisfy bank supervisory (BCBS) expectations.
Who Should Attend
The course is designed for chief auditors, audit managers and supervisors, members of the audit committee and other senior managers who are seeking to upgrade or modernise their internal audit function in line with updated bank supervisory (BCBS) expectations.
The course is in workshop form. It is designed to be eminently practical, interactive and rich with real-life case studies that are complemented by classroom instruction led by an expert trainer who is both a former Chief Auditor and risk management expert. Participants will be encouraged to work in teams on case studies aimed at implementing best practice approaches to internal auditing that are consistent with supervisory expectations.