RISK BASED AUDIT
Systemic Risk Review)
A thorough diagnostic review of the current audit function is performed. This includes
obtaining an understanding of the overall internal audit focus, the importance and
reliance on financial controls and process capabilities by the business, the internal audit
budgeting and project scoping processes and the integration of processes audit into the overall
internal audit focus. This review of systemic risk can help management prioritize audit projects
and assess the current resource and skill levels necessary to perform the total audit function.
Learn to understand risks and to identify, evaluate, and document internal controls.
Use the preliminary survey to determine how and what to review
Discover the best techniques for getting audit evidence and preparing work papers.
Enhance interpersonal and team-building skills throughout the audit.
1. The Internal Auditor's vis-à-vis the Compliance Officer’s Roles and Responsibilities
Audit responsibilities and general audit objectives
Types of internal audits and factors impacting audit emphasis
Attributes of the 21st century internal auditor
Your role in selling the internal audit function
2. The Audit Model - Performance of Audit Work
Overview of the audit process
Plan the audit - the preliminary survey, audit objectives, scope and audit program
Examine and evaluate information during fieldwork
Perform follow-up procedures
3. Internal Control
Establish management's responsibility for control
Identify internal audit's responsibility regarding control
Introduce the SEATA control model
Internal control components and factors
Learn the various types of controls
Understand the difference between exception and objective controls
Review tools for documenting and evaluating internal controls
This coaching by a FCPA and Certified Fraud Examiner consists of a lively series of short participative
lectures conveyed using plain uncomplicated explanations. Learning will be facilitated through
discussion and case studies. Ample coaching materials will be given to participants so that these will be
a constant source of reference to them. Ample time will be allotted for the transfer of ideas.
Trainer and Coach
Tommy Seah, FCPA, CFE, FAIA,ACIB
He is the Chairperson of CSI-World Headquarters and the elected Vice Chairman of The Association of
Certified Fraud Examiners Board of Regents based in Texas, USA. CFE is a post graduate professional
qualification recognized by the FBI and USA Central Intelligence Agency in it’s recruitment of auditors for
combating fraud. His services in providing technical training is much sought after by numerous banks in
the region, including Germany, Singapore, Malaysia, China, Indonesia, Philippines and Taiwan.
Tommy's previous experience includes systems based auditing in an American International Bank, where
he was the Senior Regional Auditor responsible for the Bank's audit in the Asia Pacific region. He has
also held the top executive position of Chief of Internal Audit in a prime offshore bank where his audit
duties cover the Singapore and Hong Kong operations of the bank. He covers all areas of the bank's
audit of operations and IT systems. He also has practical working experience in the Operations
Department of a foreign bank. Tommy Seah is the author of seven banking books including the F.I.G.
Program. The FIG is the authoritative and definitive text on Financial Instruments designed to be used in
the world wide banking industry for product training. This publication has received excellent review and
first class commendation from some of the most authoritative professional certification body and top
rated banks in the world. The other six authoritative texts used in his training are The Foreign Exchange
Audit,The Control of Money Market Activities in Banks, Financial Management, MCA for Banks, SWAPS
in Investment Banking and Anti-Money Laundering 101. His latest publication is Understanding and
Auditing BASEL II, Operational Risk Management.
For the past twenty eight years, Tommy Seah has trained some of the top banks and financial institutions
in the region. In particular, his expertise in SOX 404, AML and Basel II systems implementation is much
sought after by financial institutions and banks in Germany, Brunei, China, Indonesia, Malaysia,
Philippines, Singapore, Taiwan and Thailand.