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Chile’s Financial Institutions Eye Strengthened Internal Auditing
In today’s fast-paced financial landscape, Chilean institutions are recognizing the importance of internal audit functions to ensure their firms are protected by a strong and effective control framework. The role of internal auditors has become increasingly crucial in identifying areas for improvement and providing recommendations on existing processes.
The Evolving Banking Sector
The banking sector in Chile has undergone significant changes in recent years, driven by shifting business models, technological advancements, and regulatory requirements. This rapid transformation presents an unparalleled opportunity for internal audit functions to add value and contribute significantly to the organizations they serve.
Comprehensive Internal Auditing Programme
A comprehensive internal auditing programme has been designed to equip financial institution professionals with the knowledge and skills necessary to excel in this critical role. Participants will gain a solid understanding of the basic principles and concepts of conducting internal audits, as well as the integrated internal control framework that governs these institutions.
- Topics covered include:
- Risk assessment
- Integrated internal control framework
- Internal audit functions in financial institutions
Audit Process and Techniques
The programme will also delve into the following audit process and techniques:
- Planning
- Surveying
- Resource allocation
- Reporting
- Monitoring
- Interviewing
- Documentation
- Sampling
- Confirmation
Additionally, the programme will highlight common bank fraud cases and share best practices for “red flags” detection.
Target Audience
The programme is designed for:
- Banking practitioners with less than five years of experience in internal audit
- External auditors or accountants seeking to enhance their job competency
- Consultants or professionals interested in this subject area
Programme Details
The programme will be delivered through virtual classrooms via Zoom, with multiple sessions scheduled to accommodate varying schedules. A speaker with 25 years of experience in trade finance and internal audit departments will provide insightful training on internal auditing, accounting, banking practice, and commercial banking.
Registration
Interested individuals are encouraged to apply by scanning the QR code or clicking on the link provided. For more information, please contact programme@hkib.org or call (852) 2153 7800.