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Course/Product Description
Title:

Bank Internal Audit School

SKU:SM- 1003571
Format: In-Person Seminar
Find A Class Near You: View Dates And Locations For This Seminar
Description:

Bank Internal Audit School

This comprehensive four-day seminar is designed to provide internal auditors with the critical skills they need to conduct internal audit assignments for financial institutions using internationally recognized best practices.

You will explore the key areas of banking to ensure that they appreciate the risks inherent in the activities conducted and will then identify the best audit approaches to address these risks. Participants will work in teams to build sample audit programs which will be provided to participants at the conclusion of the course.

The course is based on the use of the risk-based approach which is designed to ensure that the auditors’ work is both effective and efficient.

By attending this course, attendees will obtain a general understanding of the banking industry and internationally recognized best practice approaches to a range of products, including personal and corporate lending, deposit taking, trade finance and treasury instruments.

Agenda

  1. How To Audit A Bank
    • Planning
    • Materiality
    • Risk Appetite
    • The Risk Assessment Exercise
    • Fraud And Money Laundering Deterrence Responsibilities
    • The Relationship To External Audit
    • Home/Host Regulation
    • Branch And Representative Office Audits
    • Introduction To The Basel Accord
    • 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
    • Payments In And Out Of Deposits
    • 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
    • Bulk Paper Clearing
    • Cash And Debit Cards
    • Credit Cards
    • Internet Banking
    • ATM Machines
    • 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
    • Knowing Your Customer
    • The Drawdown Process
    • Reporting 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
    • Structured Lending
    • Sovereign Debt
    • Reporting 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. Trade Finance And Finance Of Trade
    • Trade Finance Defined
    • Bills Of Exchange
    • Promissory Notes
    • Export Credits
    • Factoring And Forfeiting
    • Invoice Discounting
    • Case Study/Exercise: Developing An Audit Program For Trade Finance And For Finance For Trade
  8. 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
  9. 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
  10. Investment Banking
    • Long- Finance
    • Venture Capital
    • Debt Financing
    • Underwriting
    • Structured Finance
    • Due Diligence Processes
    • Documentation And Liability
    • Income Generation
    • Case Study/Exercise: Developing An Audit Program For Investment Banking
  11. Dealing And The Dealing Room
    • The Difference Between The Trading Book And The Banking Book
    • The Deal Process
    • Telephone Dealing
    • Electronic Dealing
    • Controls And The Control Environment
    • The Basel Rules On Operational Risk
    • Compliance And General Conduct
    • Case Study/Exercise: Developing An Audit Program For Dealing And The Dealing Room
  12. Foreign Exchange
    • Calculating Foreign Exchange Rates
    • The Foreign Exchange Market
    • The Language Of Foreign Exchange
    • Spot Rates And Cross Rates
    • Systems Of Accounting
    • International Accounting Standards
    • Principles Of Valuation
    • Case Study/Exercise: Developing An Audit Program For Foreign Exchange
  13. Forward Contracts
    • Calculating Forward Foreign Exchange Rates
    • Advantages And Disadvantages
    • Positions And Hedging
    • Spot And Forward Transactions
    • Principles Of Valuation
    • Forward Rate Agreements
    • Forward-Forward Contracts
    • International Accounting Standards
    • Case Study/Exercise: Developing An Audit Program For Forward Contracts
  14. Futures And The Futures Market
    • Introduction To Financial Futures
    • Futures Exchanges
    • Types Of Futures Contracts
    • Quotation Of Futures Contracts
    • Margin Accounting
    • Confirmation And Control
    • Case Study/Exercise: Developing An Audit Program For Futures And The Futures Market
  15. Options And The Options Market
    • Introduction To Options
    • Types Of Options Contract
    • Premiums, Margin And Exercise
    • Option Terms
    • Option Payoffs
    • Confirmation And Control
    • Case Study/Exercise: Developing An Audit Program For Options And The Options Market
  16. Swaps And The Swaps Market
    • Interest Rate Swaps
    • Currency Swaps
    • Credit Derivatives
    • Weather Derivatives
    • Advantages Of Swap Structures
    • Pricing A Swap
    • Credit Risk And Collateral
    • ISDA Documentation
    • Hedging And Hedge Accounting
    • Control And Confirmation
    • Case Study/Exercise: Developing An Audit Program For Swaps And The Swaps Market
Prerequisites: None
Learning Level: Intermediate

Who Should Attend?
Internal, External, and Credit Auditors; Audit Directors and Managers; CAEs; Risk Managers

Date & Time
Classes start on the date(s) posted herein and run from 8:30am to 5pm daily, except for the last day of class which ends at 3pm.

About The Provider: Founded in 1978, MIS Training Institute is the international leader in audit and information security training, with offices in the USA, UK, and Asia. MIS' expertise draws on experience gained in training more than 200,000 delegates across five continents.

Helping audit and infosecurity professionals stay at the top of their game has always been at the core of MIS' mission. To that end, MIS has developed and focused its seminars, conferences, and symposia on the wide-ranging needs of internal and IT auditors and information security practitioners who are charged with controlling complex systems and business environments.

MIS' unparalleled course curriculum covers the most up-to-the-minute topics, provides proven audit and security practices, and delivers the information needed to be successful in today's organizations.

All MIS programs are led by industry experts…hands-on pros who have been in the field and who practice what they teach. Attendees of MIS Training Institute events benefit from unbiased practices, proven strategies, and lessons learned in the real-world.

MIS Training Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. NASBA Sponsor Number: 103321

Cancellation/Refund Policy

A full refund less a $100 administrative fee will be given for cancellations received 15 days or more before the event. Tuition is non-refundable for cancellations made 14 days or less before the event. You may, however, transfer your tuition to another MIS Training Institute event, less a $195 administrative fee. Transfers are valid for 12 months from the time of initial cancellation. Substitutions are welcome at any time.

Those who do not cancel before the event date and who do not attend are responsible for the full non-refundable, non-transferable tuition.
Price: $2,895.00
More Info: Contact Us For More Information
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Keywords For This Course:

Bank internal audit, Corporate lending, Security and provisioning, Futures and the futures market, Investment banking

Currently Scheduled Dates For This Seminar
Course TitleCity/StateDate
Bank Internal Audit SchoolNew York, NY3/5/2018
Bank Internal Audit SchoolChicago, IL6/4/2018
Bank Internal Audit SchoolBoston, MA8/13/2018
Bank Internal Audit SchoolNew York, NY10/15/2018

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