Bank Internal Audit

Introduction
• Define bank internal audit
• Explain the importance of bank internal audit

The role of bank internal audit
• Describe the responsibilities of bank internal audit
• Explain how internal audit fits into the overall governance structure of
the bank

Types of audits performed by bank internal audit
• List the different types of audits performed by internal audit (e.g.,
financial audits, operational audits, compliance audits, etc.)
• Describe the scope and objectives of each type of audit

Internal audit process
• Explain the steps involved in the internal audit process
• Provide an overview of each step, including planning, fieldwork, reporting,
and follow-up

Risk assessment
• Describe the importance of risk assessment in the internal audit process
• Explain how internal audit assesses and prioritizes risks

Audit planning
• Explain how internal audit plans each audit engagement
• Describe the key elements of an audit plan

Audit fieldwork
• Explain how internal audit plans each audit engagement
• Describe the key elements of an audit plan

Audit reporting
• Describe the components of an audit report
• Explain how audit findings are communicated to management

Follow-up and monitoring
• Explain the importance of follow-up and monitoring in the internal audit
process
• Describe the process of tracking and reporting on management’s corrective
actions

Quality assurance and improvement program
• Explain the importance of a quality assurance and improvement
program for internal audit
• Describe the key components of such a program

Regulatory requirements
• Explain the regulatory requirements for internal audit in the banking
industry
• Describe the role of regulatory bodies in overseeing internal audit

Internal control framework
• Describe the internal control framework used by the bank
• Explain how internal audit assesses the effectiveness of internal controls

Risk management
• Describe the bank’s risk management framework
• Explain how internal audit assesses the effectiveness of the risk
management framework

Fraud detection and prevention
• Explain the role of internal audit in detecting and preventing fraud
• Describe the techniques used to identify and investigate potential fraud

Continuous monitoring
• Explain the importance of continuous monitoring in the internal audit
process
• Describe the tools and techniques used for continuous monitoring

Technology and automation
• Explain the role of technology and automation in the internal audit
process
• Describe the tools and techniques used for technology and automation

Professional standards and ethics
• Describe the professional standards and ethics expected of internal
auditors
• Explain the importance of adhering to these standards and ethics

Skills and competencies
• Describe the skills and competencies required of internal auditors
• Explain how internal audit develops and maintains these skills and
competencies

Audit committee
• Explain the role of the audit committee in overseeing internal audit
• Describe the relationship between internal audit and the audit
committee

Internal audit in a global context
• Describe the challenges and opportunities of internal audit in a global
context
• Explain how internal audit adapts to different regulatory environments
and cultural contexts

Case study 1
• Present a case study of a successful internal audit engagement
• Describe the objectives, scope, and outcomes of the engagement

Case study 1 (continued)
• Describe the key findings and recommendations from the engagement
• Explain how management responded to the findings and implemented
the recommendations

Case study 2
• Present a case study of a challenging internal audit engagement
• Describe the obstacles faced by the internal audit team and how they
overcame them

Lessons learned
• Summarize the key lessons learned from the two case studies
• Explain how these lessons can be applied to future internal audit
engagements

Continuous improvement
• Explain the importance of continuous improvement in the internal audit
function
• Describe the process of evaluating and improving the internal audit
function

Internal audit metrics and reporting
• Explain how internal audit measures and reports on its performance
• Describe the key metrics used to evaluate the effectiveness of internal
audit

Collaboration with other functions
• Describe the importance of collaboration with other functions, such as
risk management, compliance, and finance
• Explain how internal audit collaborates with these functions

Emerging trends and challenges
• Describe the emerging trends and challenges in the internal audit
function, such as technology, cybersecurity, and regulatory changes
• Explain how internal audit adapts to these trends and challenges

Conclusion
• Summarize the key points of the presentation
• Emphasize the importance of internal audit in ensuring the bank's
success

Q&A and discussion
• Provide an opportunity for the audience to ask questions and engage in
a discussion about the topic
• Encourage feedback and suggestions for improving the internal audit
function.

THE END!