Internal Audit Forum: New Era, New Role

Grand Rotana Resort & Spa – Sharam El Sheikh – Egypt, 29 -30 July 2022

Background:

Internal auditing as a concept has changed dramatically throughout time, with a fast pace evolution especially during and post the pandemic in the last 2 years.

Today, instead of focusing only on discovering irregularities and pursing offenders, internal auditing has become an independent, objective assurance and consultancy activity designed to add value and improve an organization’s operations and helps accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

Internal auditing as a concept has changed dramatically throughout time, with a fast pace evolution especially during and post the pandemic in the last 2 years.

Large organizations, such as Banks, and due to huge number of transactions, staff as well as the variety and complexity of other operations, often need to formalize and standardize their policies, procedures and workflow; and what applies to other departments, applies to an Internal Audit Function.

Therefore, Internal Audit Standards are considered to be the cornerstone for a quality audit service under a defined framework acknowledged internationally able to efficiently generate a success story for an Internal Audit Activity.

In this regards, the World Union of Arab Bankers is organizing this seminar to shed lights on the new concepts related to internal audit and its role in maintaining transparency and compliance with laws and international standards that contributes to safeguarding thee organizations and help its objectives. WUAB aims to explore the subject of internal audit and improve its role and independence to protect the assets of the organization or the bank, especially in the light of the recent changes in the international standards of internal audit.

Participants:

Chief Audit Executives and Internal Auditors and Internal control departments from banks and financial institutions. Others: Risk Management personnel, quality assurance, and similar functions.

Subjects:

Internal Audit – Mission, International Standards & Competency Framework

1. Modern Concepts related to Internal Audit and its evolving role.
2. Internal Audit as a Trusted Advisor – Active Awareness & Consultation Role – Early Involvement in Bank Initiatives / Projects / Committees
3. Effective Follow-up.
4. Quality Assurance / IIA International Professional Practices framework.

Internal Audit – Effective Partner

1. Optimizing the Internal Audit relationship with External Auditors, Compliance, Risk Management and Legal.
2. Internal Audit Function and Executive Management
3. Audit Committee Role, Responsibilities and effective relationship with Internal Audit & Executive Management.
4. Internal Audit & Regulators

IT Audit – Increasing Role

1. IT Governance topics:
   1. Governance and Management of Enterprise IT
2. FinTech topics: The internal audit roles in reviewing
   1. Digital transformation
   2. FinTech tools
3. Cyber Security topics: The internal audit roles in reviewing
   1. Cyber Security
   2. Privacy and Data Protection Strategy

[rtec-registration-form event=4930]