San Francisco Professional Events List

Bank Internal Audit School - OAP385

Nov 15, 2021 - 08:30 AM - Nov 16, 08:30 AM
MIS Training Institute
MicroTek Computer Lab SF
655, Montgomery St

San Francisco,
ZIP: 94111

"Enjoyable, fun class on how to audit a bank."
- Senior Auditor, MUFG Union Bank

This course is designed to provide internal auditors with the key skills that they require prior to commencing internal auditing assignments within financial service institutions.  Looking at the various different components of the banking industry, the course considers the internal audit approaches that would be appropriate and assists delegates to design suitable internal audit programs for such assignments. 

The course is based on the application of the risk based approach and the key risks of each area will be considered throughout.  Real life examples will be used to illustrate the significance of the issues considered.

By attending this course, delegates will obtain a general appreciation of the application of the risk based approach and the internal audit approaches that are suitable.  Specifically they will consider the auditing approaches within:

• Retail banking
• Corporate banking
• Private banking
• Financial instruments 

Prerequisites: Fundamentals of Internal Auditing (OAG101)​ or some knowledge of basic audit techniques and familiarity with the financial markets
Learning Level: Intermediate      
Advance Preparation: None
Field: Auditing        
Delivery Method: Group-Live

Who Should Attend

Internal, External, and Credit Auditors; Audit Directors and Managers; CAEs; Risk Managers

CPEs: 32
LEVEL: Intermediate
Tuition: $2,895


1. How to Audit a Bank
• planning
• materiality
• risk appetite
• the risk assessment exercise
• what really matters to your Board?
• fraud and money laundering deterrence responsibilities
• the relationship to external audit
• home/host regulation
• branch and representative office audits
• introduction to the regulatory change
• case study/exercise: preparing an audit planning memorandum

2. Deposits and Deposit Taking
• how are banks funded
• current accounts
• deposit accounts
• retail funding
• customer identification
• the customer recording process
• dormant accounts
• notice accounts
• reporting deposits
• key risk issues within deposits and deposit taking
• case study/exercise: developing an audit program for deposits and deposit taking

3. Funds Transmission and Clearing Services
• payment mediums
• credit cards
• internet banking
• cyber crime
• swift and international payments
• case study/exercise: developing an audit program for funds transmission and clearing services

4. Personal Lending
• the customer
• connected lending
• overdrafts
• personal loans
• mortgage lending
• retail customer analysis
• credit scoring
• using external agencies
• know your customer
• the drawdown process
• reporting personal lending
• key risks within personal lending
• case study/exercise: developing an audit program for personal lending

5. Corporate Lending
• the customer
• connected lending
• the credit application
• rating agencies
• project finance
• reporting corporate lending
• trade finance (intro only)
• securitization (intro only)
• project finance
• key risks within corporate lending
• case study/exercise: developing an audit program for corporate lending

6. Security and Provisioning
• introduction
• fixed charges
• floating charges
• guarantees
• mortgages
• provisioning
• case study/exercise: developing an audit program for security and provisioning

7. Branch Banking
• Which roles are conducted at branches
• the nature of the audit work to be conducted
• reviewing branch records
• human resources issues
• compliance issues
• reporting and management
• case Study/Exercise: Developing an audit program for a retail bank branch 

8. Private Banking
• the services of a private banker
• asset management
• offshore bank accounts
• politically exposed persons
• key risks in personal banking
• case Study/Exercise: Developing an audit program for private banking

9. Treasury and the Dealing Room
• intro to Asset and Liability Management
• the difference between the trading book and the banking book
• the deal process
• telephone dealing
• electronic dealing
• controls and the control environment
• compliance and general conduct
• key risks within treasury
• case Study/Exercise: Developing an audit program for ALM and treasury

10. Financial Instruments 

Foreign Exchange and Forwards
• Spot rates and cross rates
• Processing and controls
• Principles of valuation
• Calculating forward foreign exchange rates
• Advantages and disadvantages
• Positions and hedging
• Principles of valuation

• Introduction to financial futures
• Types of futures contracts
• Quotation of futures contracts
• Margin accounting
• Confirmation and control

• Interest rate swaps
• Currency swaps
• Advantages of swap structures
• Pricing a swap
• ISDA documentation
• Hedging and hedge accounting
• Control and confirmation

The audit program for instruments will be provided.

Event Categories
Keywords: class , design , Financial , industry , institution, instruments, lear


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