Background:
The Internal Audit function broadly assesses and contributes to the overall improvement of the organization’s governance, risk management, and control processes, using a systematic and disciplined approach. An integral component of sound corporate governance, considered as the critical third line of defence, this function helps decision makers protect organizational assets and reputation, as well as support operational sustainability. It thus becomes an essential and effective risk management tool, providing the Board and senior management with critical information to accurately attest to the adequacy of internal controls. It provides assurance on the governance processes and compliance adequacies of established policies & procedures, besides strengthening the institutional framework to meet future challenges.
Objectives:
This one-day virtual conference will provide opportunities to the participants to interact with experts & regulators in the areas of audit and audit practices, besides the emerging trends and challenges in internal audit.
Conference Highlights:
The Conference will deal with the following:
- Evolving role and significance of audit functions in the financial system
- Risk Based Internal Audit of Banks – Supervisory Issues and Concerns
- Changing role and diversity of Internal Audit as an assurance function – Assessing Incident Response capabilities, Cybersecurity framework
- Audit Techniques, Significance of Audit scoping and fieldwork - static vs. dynamic approach
- Future role and trends in Internal Audit