This webinar covers the changing role of internal audit - and how internal audit may add value in today’s complex banking environment.

Additionally, the program identifies and defines internal controls and as a result of not having effective controls, what could go wrong.

AGENDA

• Internal Audit Profession


• Definition of Internal Audit
• Changing Role of Internal Audit
• Introduction to the Institute of Internal Auditors Standards and Guidance – International Professional Practices Framework
• Difference between Internal Audit and External (Financial Statement) Audit
• FFIEC Interagency Policy Statement on the Internal Audit and Function and Co-sourcing
• Impact of FDICIA and SOx regulation


• Internal Control


• Committee of Sponsoring Organization’s Internal Control Model
• Types of Internal Controls
• Internal Control Standards
• Cost/Benefit and Reasonable Assurance of Internal Controls
• What Could Go Wrong?


• Risk-based Internal Audit Process


• Planning
• Risk Assessment
• Risk-based Internal Audit Plan
• Internal Audit Program Development
• Performance of Internal Audit Program and Documentation of Audit Findings
• Effective Report Writing
• Conducting Effective Exit Meeting
• Audit Committee Presentation


• Internal Audit Adding Value

Who Should Attend

Bank professionals seeking knowledge of internal audit and/or internal controls, including internal auditors, deposit and operations personnel, accountants, management, and individuals with previous internal audit education seeking a refresher course

The Presenter

Eileen Iles, CPA, CGMA, CIA, CFSA, CCSA, CRMA, is a Partner in Crowe Horwath LLC's Risk Management Financial Institution Group. Eileen has over 25 years of experience serving financial institutions. She has spent the most recent 17 years with Crowe Horwath consulting with clients ranging from community banks to multi-billion dollar institutions throughout the United States. Eileen also served as an Accounting adjunct faculty member at the University of New Mexico for five years. Currently, she develops and instructs banking courses for Crowe and various banking associations.