The development, monitoring, and continued improvement of a highly-integrated, internal audit function is essential for the continued financial success, stability, and growth of world-class business entities. A well designed and effective internal audit system will provide verification and support that accounting and financial policies, procedures, and controls are working adequately and will spotlight any significant matters that need attention.
Understand and recognize the purpose and design of an internal audit function along with practical methodologies in establishing departmental policies and procedures
Develop a comprehensive internal audit structure, including departmental staffing positions and lines of responsibilities
Plan an internal audit examination and communicate the findings and conclusions to an Internal Audit Committee and senior management
Understand the role and functioning of an Internal Audit Department compared to the role and responsibilities of external auditors
Create personal descriptions and job requirements of an internal audit staff
Acquire knowledge of the different types and purposes of various audits as to applicability and function, including risk factors
Plan notify and implement internal audit examinations for selected types of audits to be performed
Evaluate the effectiveness of in-place internal controls and security policies for organizational networks and information technology frameworks
Understanding relevant documentation as it pertains to professional standards and responsibilities as well as best practices
Understanding the need of establishing credibility for an internal audit team
Conduct post-audit reviews and compiling internal control updates for Boards of Directors
Develop audit risk and other risk-related assessments
Junior Auditors
Delegates with Some Experience in Auditing
Finance Professionals
Supervisors and managers who are interested in updating, upgrading, and refreshing their knowledge in internal audit
Defining, developing and implementing an Internal Audit Function
Defining the distinctions and responsibilities between Internal and External Auditors
Identifying the Internal Audit Staff Positions
Developing the Audit Committee Charter for a Board of Directors
Review of Statements on International Auditing Standards Update and General Auditing Practice Issues
Identifying Internal Audit Staffing Requirements
Operational Audits
Financial Audits
Compliance Audits
Fraud and Forensic Audits
Information Systems Audits
Review of Current Year U.S. Audit Risk Alerts
Developing Streamlined Processes for Conducting Internal Audit Examinations
Identifying Effective Audit Programs for the Various Types of Audits
Evaluating and Selecting Internal Audit Methodologies
Notifying the Internal Auditee and Supervisors of the Internal Audit Examination and Promoting Cooperation and Assistance in Achieving Common Goals
Evaluating Internal Controls Systems and Accessing Network and Computer Files and Folders
Effecting Changes to an In-Process Internal Audit Examination
Planning the Audit Commencement Conference Meeting
Accumulating Relevant Documentation during the Internal Audit Process
Professional Standards and Responsibilities Associated with Internal Auditing Documentation
Tools and Methods for Ensuring a Smooth Audit Process
Techniques for Ensuring Credibility for the Internal Audit Team
Conducting Exit Conferences
Implementing Sound Corporate Governance Policies to Achieve Effective Internal Controls
Communicating Audit Findings and Suggestions for Areas of Improvement
Planning the Audit Exit Conference Meeting
Distributing the Final Internal Audit Report within the Organization
Conducting Post-Audit Reviews
Internal Controls Updates for Boards of Directors
Audit Risk Developments and Projects on the Near Term Horizon
Post the global financial crisis, the role of the Treasury within a bank is more challenging than ever. The regulation that followed the crisis, in particular Basel III, has meant that optimizing assets and liabilities is vital in mitigating the ‘hit’ on Return on Equity that the regulation represents.
This workshop looks to explain the fundamental role of the ALM function and, via real-life case studies and excel based simulations, explain how the function looks to optimize balance sheet performance via the more selective deployment of balance sheet resources. In addition, it will explore the fluid regulatory landscape in which ALM is functioning and outline what the industry considers as best practice in terms of dealing with the challenges that the landscape presents.
Hence by attending the day workshop, delegates will be better equipped to work in or with the ALM function and support the optimization of the balance sheet they are tasked to achieve.
All businesses in the current environment need a competitive edge. This can be gained through innovative and exciting products and services, or effective and efficient world-class employees. Top performing organizations are passionate about their most valuable resource - their staff. To maintain their high standards a large proportion of their time and energy is spent on continuous professional development, not only of their employees but of their business. This course investigates the tried and trusted management processes, procedures, and methodology used by many blue-chip companies. They use the tools to develop high levels of performance from their staff. This in turn ensures the future and reputation of their companies through innovative development, service, and evaluation. This course offers participants practical solutions to work-related issues.
Revenue collection refers to the steps taken by a government agency to pursue unpaid debts owed by citizens. Taxes, license fees, fines, and fees for using state facilities are just a few examples of the many ways money can be made. The general and extensive collection of money for debts or money owing to corporations or individuals is known as revenue collection.
This training course provides deep knowledge of corrosion and focuses on the examination and identification of metallurgical problems that occur in process units and methods of monitoring and damage reduction.
The equipment costs are a considerable part of the investment in the petrochemical and water industry, and for long-distance, large-diameter pipelines, they can become prohibitively high if the corrosivity of the fluid necessitates the use of corrosion-resistant alloys instead of carbon steel. Better understanding and control of the corrosion of carbon steel can increase its application range and therefore have a large economic impact.
Corrosion Control is an essential requirement in Oil & Gas activities. It utilizes the application of engineering principles and procedures to minimize corrosion to an acceptable level by the most economical method. It is rarely practical or economical to eliminate corrosion completely and in practice, one or more of the following methods would be applied.
Corrosion monitoring provides an early warning that damaging processes or conditions exist which may result in corrosion-induced failures. Moreover, it indicates the correlation of changes in process parameters and their effect on system corrosion. Corrosion Monitoring is essential to evaluate the service life of pipelines and to detect when would be the nearest replacement/shutdown
Leadership is not something people are born with; leadership can be learned. All around the world businesses are realizing the power of great leadership. They realize the value it brings to the business and to individuals. They are also recognizing the significant costs of poor leadership. Leadership provides the motivation, incentive, and desire that leads teams and people to deliver extraordinary, world-class productivity, commitment, and quality of service. Becoming a great leader can make a very significant difference in your career. Great leadership is felt by everyone around you and becoming a performance leader means that others will not only follow you but will also want to do great work and be a part of your high performing team. The outcome of great leadership, then, is a success. Become a great leader now!
In our modern world, products are developed, launched, upgraded, and re-launched in record times. Agile Product Management is crucial in gaining a competitive advantage and prospering in the fast-moving and ever-changing times. Product managers need to develop interdisciplinary skills that allow them to work effectively and agilely with diverse groups of colleagues, from innovation to product and sales and marketing.