Audit and Internal Control in a Risk-Based Approach

Corporate governance through audit and internal control

• Developments in the international framework and the regulatory context of WAEMU (UEMOA).
• The main shortcomings identified in corporate governance.
• Internal control and audit: 2 regulatory mechanisms within a risk-based approach.
• Workshop: Questionnaire assessing the maturity of the governance model.

General principles of risk management and internal control

• The ISO 31000 risk management approach.
• The roles of internal control and audit in a risk-based approach.
• Workshop: Questionnaire on internal control and risk management.

Internal audit: a standards-based profession

• International standards.
• Code of ethics.
• The internal audit charter.

Audit and internal control frameworks

• COSO.
• COBIT.

Main banking risks subject to audit

• Credit risk.
• Market risk.
• Operational risks.
• Compliance risk.

Internal audit methodology and tools

• Planning and structuring an audit assignment.
• Defining the assignment's scope and objectives.
• Analysing processes and their strategic and operational objectives.
• Identifying and assessing risks through mapping.
• Evaluating the control framework.
• Gathering information and audit evidence.
• Finalising and scheduling action plans.
• Writing the report and obtaining approval.
• Workshop: Auditing banking processes.
• Mapping banking risks using the customer account opening process.
• Building the audit plan.

Course strengths

1. Use of risk-mapping software.
2. Numerous practical cases to apply audit concepts.
3. Insights from an experienced banking audit specialist.