Is internal auditing a career path for bankers or a great way to train future managers and executives? The answer to this question may be that both are true. However, those who view the internal audit as a training exercise may miss the true value of conducting effective internal audits.
Internal auditing is a critical function for financial institutions. However, some institutions find that in today’s resource-constrained and highly regulated environment, internal auditors are asked to wear many hats – and some of those hats may help more with learning banking operations than ensuring corporate governance requirements are met.
That is why all employees that are assigned to the internal audit function should have a solid understanding of the scope of the internal audit function and the specific requirements and responsibilities that must be covered to satisfy the board of director’s needs as well as to meet the regulator’s and external auditor’s expectations.
Overall, you will learn how internal auditors can improve the effectiveness of their internal audits to better serve the institution's audit committee and board of directors.
Although this course is designed for auditors, risk managers, compliance officers and operations managers can benefit from this course.
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