Advanced Strategic Internal Auditing (Levels 2 and 3)

Review of Key Audit Function Foundations

• Review of key action points
• Developing organisational specific risk matrices
• Global best practice – case studies andamp; analysis
• Key action points – Delegate action plan development

Risk Based Auditing

• Identifying areas of risk
• Classifying and quantifying risk areas
• Developing audit and re-audit frequency in line with risk
• Overview of emerging 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

Financial crime compliance

• Effective post audit de-briefing
• Root cause analysis and remediation recommendations
• Developing departmental action plans with stakeholders: contributing to the delivery of compliance 2.0
• Managing conflict situations

Use of technology in combating financial crime and cyber crime

• Overview of the digitalisation of risk management
• Big data analytics: mapping indicators of fraud money laundering bribery and corruption sanction breaches and market manipulation
• The holistic approach to risk management: effectiveness – efficiency – scalability – oversight
• Enterprise Risk Management (ERM): customising and consolidating automated manual processes
• Overview of transaction monitoring and threshold values for internal auditors
• Trade surveillance software and correlation analysis: from repetitive behaviours to manipulating behaviours
• Testing financial crime compliance systems: Data chosen cleansing articulation and understanding before feeding into the compliance system
• Assessing fitness and operational efficiency of organisational systems and controls to prevent and combat cyber-crime risks: Phishing Webcam manager File hijacking Keylogging Screenshot manager Ad clicker Hacking and distributed denial of services (DDOS)

Effective Linkage of Organisational Systems

• Overview of core organisational systems – Finance HR Governance ESG
• Closing the loopholes to assist in legal prosecution case efficiency
• Ensuring good staff policy compliance
• Establishing and managing – staff register of interests and conflicts of interest

Engaging with External Auditors

• The key role and objectives of external audit
• Ensuring availability of evidence through defensible in court procedures for situations faced
• Detecting severe but plausible scenarios
• Overcoming organisational cultural challenges
• Capturing and maximising earning and growth opportunities from the external audit