About the Course
With regulatory requirements and the spotlight growing on Internal Audit many firms choose to outsource their Internal Audit function, or to establish a central team or individual with responsibility for overseeing their inhouse Internal Audit. This course shows you how to supervise Internal Audit effectively.
This course will equip participants with the knowledge and skills to supervise Internal Audit, either as a direct report or as an outsourced third party. It will enable participants to meet regulatory expectations as well as ensure their Internal Audit function is set up for success.
By the end of this course participants will:
Identify which relationships to nurture
Know how to establish an audit universe
Understand what are the right resources to deliver the audit plan
Be better equipped to identify and handle sensitive audits
The Internal Audit function is a regulatory requirement for many PRA and FCA regulated firms. With a growing spotlight and regulator expectations of Internal Audits many firms either appoint an individual to oversee and ensure their Internal Audit is meeting regulatory expectations or they outsource the function. This training course is designed to equip participants to oversee Internal Audit whether that's inhouse or external.
Participants will learn about which relationships they need to nuture and why certain roles are important to Internal Audit and to the supervisor. The course will cover practical steps and questions to ask to ensure that the Audit Universe has been correctly established so there are no gaps.
Participants will learn how they can test and challenge whether Internal Audit is adequately resourced and how to handle sensitive audits.
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 direct report.
Participants are assumed to have a basic knowledge of the role of Internal Audit in a financial services business.
About Your Trainer
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.
At Leaman Crellin Daiman focuses on regulatory consulting and training to firms, both TradFi and those operating in the Web3 space.