Programme in preparation

Audit and Audit Committees and the Governance Process

Objectives

The governance process is fundamental in the internal control system of an organisation. This online programme focus on defining the steps internal auditors should take when conducting an audit review of corporate governance. We aim to explain how to provide consultancy and assurance based upon potential risks.

Target Group

Internal auditors (all levels), operational risk analysts, compliance officers, business controllers, senior & middle level management officers who want to learn about the involvement of audit in the governance process.

Preferred: at least 3 years’ experience in Audit and/or business control of bank’s processes, operations, procedures and organization.

Location & Duration

This training is available via virtual classroom and will be divided in 2 sessions of 3 hours each.

Detailed programme Explode

The governance cycle

  • The evolution of corporate governance
  • Comparison of main regulatory texts
  • Analysis of the CSSF (Luxembourg regulator) circular on internal for the financial sector

The audit responsibility on governance assurance

  • Why is corporate governance included in the audit plan?
  • Standard 2110 Governance
  • Case studies on impact of poor governance
  • Research and gather background information

Audit Committee and Governance

  • Audit committee assurance requirements
  • Review of principles and guidelines (examples below)
  • 2018 UK Corporate Governance code
  • 2018 FRC guidance on Board effectiveness
  • 2015 OECD Principles of corporate governance
  • The Wates Corporate Governance Principles for Large Private Companies - 2018

Roles of the 2nd and 3rd lines of defence

  • The second line of defence and the need for coordination
  • The Why the What and the How to audit
  • Skills and experience required
  • Solvency II – the role of Internal Audit

Performing corporate governance audits – content

  • Key risks
  • Key controls
  • Relevant responses to risks identified

Join us on  Follow us on LinkedIn Follow us on Twitter