FM Corporate Learning Internal Audit Practice for Banks & Financial Institutions

Internal Audit Practice for Banks & Financial Institutions


It is essential for banks and financial institutions to audit their operations, transactions, relationships, and results continuously. This training focuses on the tactical steps involved in internal audit and strategies to identify concerns.

Banking regulations mandate the creation of an independent Internal Audit (IA) team which must be provided with adequate resources and access to perform their roles of assessing governance and control structures. At most large banks, the internal audit team reports directly to an audit committee made up of board members.

Internal audit teams maybe best thought of as the eyes and ears of the bank’s board of directors. The board is responsible for ensuring that the bank is operating within accepted risk tolerances – whether that be operational risk, market risk, concentration risk, reputational risk etc. Internal auditors get unfettered access to all operational and business teams in order to make this assessment on a regular basis and report their findings to the board.

Who should attend?

  • Staff in audit functions in the bank
  • Managers responsible for internal audit in banking
  • Internal and external audit staff
  • Accountants, company secretaries and legal practitioners

Why bank audit training?

The course aims to equip bank and financial institution internal audit professionals who are able to:

  • independently and objectively evaluate the quality and effectiveness of a bank’s internal controls and risk management and governance processes, assisting senior management and the Board of Directors to protect their organization and its reputation
  • assess the quality of risk management processes, internal control systems and corporate governance processes across the organization and prepare an independent report for senior management and the Audit Committee
  • provide salient suggestions to improve the organizations audit practices and add credibility and reliability to the organizations financial reports.

How the course is delivered

The mode of delivery  is in-class, in-person at the course venue, with the option of participating virtually.

Course Information

This course does not have any sections.

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