Description
Training/Workshop Objectives:
1. To revisit the Standards for Audit Engagement Planning.
2. To revisit the Branch Banking key elements (Sales and Service operations), and the Results of the IAG Head’s discussion with Retail Banking Head or Branch Banking Head or Branch Operations Head — that are necessary considerations for IAG’s Audit Strategy for Branch Banking Audits;
3. To familiarize with the Framework for Internal Audit’s Preliminary Risk Assessment (PRA) that is integral to the Engagement Planning phase of the Audit Process.
4. To discuss the integration of the various elements of Internal Audit’s PRA, when Audit Heads articulate their customized Audit Strategy and Plan for a Branch Banking Audit Engagement.
5. To provide the Participants with a Learning Assessment at the end of this BBA-Part 1.
Target Audience:
Audit Managers and Audit Team Leaders, who are being assigned to Lead the branch audit examinations of the Bank (RCBC, RSB).
Internal Audit Management, in general: The BC Audit Heads– Segment / Division / Department Heads, who will direct and approve the working papers in TeamMate system, the auditors’ evaluations/assessments, adequacy/relevance of management responses, and the Audit Report for particular branch audit engagements.
This Audit Strategy seminar is not intended for Rank and File auditors.
TOPICS AND DISCUSSION OUTLINE FOR THIS SEMINAR/WORKSHOP:
I. Understanding the Overall Audit Objective for the Regular Audit of Branch Banking Units.
II. Overview of the Audit Engagement Planning Phase [of the Audit Process] for Branch Audits.
III. Internal Auditors Gaining an Understanding of the Branch’s High Level Business Objectives.
IV. Internal Auditors Gaining an Understanding of the Branch Banking Processes and Operations.
V. Internal Auditor’s Preliminary Assessment of Risks in Branch Banking.
VI. Internal Auditors Understanding of Relevant Policies and Rules for Branch Banking, and What Branch Controls Shall be Tested.
VII. Internal Auditors Formulation of Branch Banking Audit Strategy
Schedule: October 5, 2019, 8:30 A.M. to 5:00 P.M.
Venue: Dusit Thani Manila, Ayala Center, Makati City