Auditing Risk Management and Basel II

MIS Training Institute
Kuwait City, Kuwait

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' Basel 2 has now been largely implemented in many countries, except for the approval and implementation of advanced models which will happen mainly during 2008/2009. Internal audit departments are now busy planning their first audits in a Basel 2 environment and are finding much has changed from the traditional approaches.

The first thing is that Basel 2 has brought a significant and explicit focus on risk management and corporate governance which was more in the background previously. A major innovation is the requirement for banks to have an Internal Capital Adequacy Assessment process whereby the board must, at least annually, self assess the solvency of the bank. This ICAAP is subject to rigorous review by bank supervisors under Pillar 2 and is required to be reviewed by internal audit. Secondly, since the advent of Basel 1 back in 1988, most banks have now set up various types of risk management function staffed by risk management professionals carrying out a range of activities. This has put a focus on the role of internal audit in the new world and whether it is able to carry out its new responsibilities and deliver expectations.

This four day course focuses on the main banking risks, the management and governance requirements under Basel 2 and how they may be audited. The programme is designed to help internal auditors focus on the key areas where they may need to upgrade their technical knowledge and possibly engage the services of external specialists so as to ensure they provide the necessary level of assurance to the board of directors.

Benefits:

Clarify the role of internal audit vs that of risk management
Understand the key new audit areas arising from Basel 2
Learn the basics of credit, market and operational risk models
Get a better understanding of what risk management functions do
Put together key elements of a Basel 2 and risk management audit programme
Prerequisites:Basic understanding of banking activities (wholesale, commercial and retail lending and treasury operations); Basic knowledge of risk based auditing.

...''

Phone:+44 (0)207 779 8153

School Address:

MIS Training
Nestor House
Playhouse Yard
London EC4V 5EX
UK


Jobs & Resumes: Kuwait City
Houses & Roommates: Kuwait City

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