Auditing the Internal Capital Adequacy Assessment Process (ICAAP)

Webinar ( Online Training)

Overview:

This course provides an overview of the key fundamentals that need to be taken into consideration during the internal audit review of the ICAAP. At the end of this course, internal auditors will be more informed about the key internal control tests that need to be conducted during the ICAAP audit. This course will also shed further insights about key components that need to be included in the ICAAP audit program in addition to providing further insights on more effective methods to report findings noted during the ICAAP audit. This course is provided only for internal auditors and the below represents an outline as to the items that will be discussed throughout the course:

Introductory Topics:

• The Risk Management Function
• The Treasury Cycle
• The Lending Cycle
• Capital Management & Assessment
• Stress Testing & Related Frameworks

Governance of the Risk Management Function :

• Training & Competence
• Qualifications
• Systems
• Independence & Reporting Lines
• Reporting to the Board Risk Committee

ICAAP Audit:

• ICAAP – Pillar II Framework        
• ICAAP Policy Review
• ICAAP Governance Assessment
• ICAAP Vision / Framework Review
• ICAAP Document Review           
• ICAAP Audit Program
• Pillar II Risk Assessment & Measurement          
• ICAAP Monitoring and Reporting Assessment
• ICAAP Internal Audit Report
• Capital Budgeting Framework Assessment        
• Stress Testing Framework Assessment
• Sample Stress Test Events / Scenarios
• Sample ICAAP Audit Observations         
• Challenges faced during the ICAAP Audit
• Risk Appetite Assessment Matrix