Internal auditing in banking

• Understanding risks in financial world: know key areas of banking to ensure that one could appreciate the inherent risks link to banking activities.
• Identify key points of control.
• Understand the internal audit role within the bank organization.
• Acquire skills to conduct internal audit assignments according to these various risks.

1THE MAJOR RISKS OF THE BANKING ACTIVITY

The traditional risks in a bank credit, market, operational and compliance.

The role of the corporate governance.

2INTERNAL CONTROL

The definition of Internal Auditing.

The Pivotal Document for Change (COSO).

The recommendations of the Basel Committee.

Critical analysis and explanation of the text.

3INTERNAL AUDIT

The role and key issues of internal audit.

The importance of the internal audit plan: a wide view across the range of risks within the organization.

The internal audit and the other actors of the evaluation.

Periodic control and permanent controls: complementary steps.

Methodology of an internal auditing mission.

Presentation of the different guidelines used by the auditor.

4SPECIFIC AUDIT METHODOLOGIES ACCORDING TO THE DIFFERENT BANK RISKS

Every activity of the bank will be detailed according to the various risks to ensure that one could appreciate the risks inherent in the activities conducted.

Field studied:

• The market activities.
• The operational processes linked to the market activities.
• The credit activities: specific internal control activities.
• Capital requirement (Basel II and III): another way to analyze credit activities.
• Operational risk specificity (human by nature).
• Ways to evaluate operational risk managing process.
• Operational risk management (from risk assessment to the reporting to the Top Management).
• Compliance risk components: an old subject with new methods.
• A specific internal audit approach.

5SYNTHESIS AND CONCLUSION

Synthesis of the two days.

Evaluation of training.