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Regulatory Framework

Price £




2 hours

We can run this course inhouse or privately just for you and your colleagues.


Please submit a training request to check availability and prices.

About the Course

Learn about the various legislation and codes with which financial services Internal Auditors should comply

Our course takes you through all the codes and regulations that apply to Internal Auditors of financial services companies. Including the expectations on Internal Audit committees.

Learning Outcomes

By the end of the course participants wil:

  • Be able to list the codes and regulations that apply to internal auditors of financial services firms

  • Explain the differences between internal and external auditors

  • Understand the purpose of the FS Code

  • Explain the key provisions in the FS Code

  • Know how to meet regulatory expectations 

Course Outline

Internal Audit teams play a vital role in monitoring, supporting, advising, and auditing the business's compliance with regulatory requirements. Our training course provides participants with a comprehensive understanding of the regulatory framework that applies to the internal audit function. Participants will gain insights into the regulatory objectives of the various components of that regulatory framework.

Our course will cover how regulations are driving up standards and informing best practices for the audit function. Participants will also learn why it is important to adopt and follow industry codes and the regulatory drivers behind some of these codes.

Throughout the course, participants will have the opportunity to apply their knowledge through interactive case studies, role-play, and practical exercises. By the end of the training course, participants will be equipped with the knowledge and tools to carry out their roles effectively and ensure compliance with the framework of standards applicable to Internal Audit. They will also have a clear understanding of their responsibilities and the regulatory framework within which they operate.

Required Knowledge and Skills

Our course is aimed at people working in Internal Audit, who aspire to work in Internal Audit, or for whom Internal Audit is a key stakeholder.

Participants are assumed to have a basic knowledge of the role of Internal Audit in a financial services business.

About Your Trainer

Daiman Baker

Daiman Baker

Daiman has 20 years of experience in London-based investment banks in front office compliance advisory roles and in delivering regulatory change across multiple EU and UK pieces of legislation.

Leveraging his background as a lawyer, Daiman delivers design, implementation, remediation projects, business governance / management structures, SME / regulatory interpretation input, policy and procedure drafting and training.

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