INTERNAL AUDIT TRAINING (A Practical Approach)
Date: Sept 22-23, 2017 (Fri-Sat)
Venue: Gov. Licaros Hall, RBAP, Intramuros,
Time: 8:30am to 5:00pm
RESOURCE PERSON
MR. GIL M. SORITA, CPA, CIA,CISA, MBA
Bank Executive Officer, Accredited External Quality Assurance Validator
for Internal Audit Activity
SEMINAR FEE
1. For Member – P3,800 /person
2. Non-Member/Delinquent –P4,200 /person
MODE OF PAYMENT
Check payable to:
Rural Bankers Research & Development Foundation Inc.
To reserve slot, a Non-Refundable commitment fee of P1,600.00 /pax is
required, but its deducted from the total registration fee.
Bank: LBP – Intramuros, Branch
Account Name: RBRDFI
SA No. 0012-1046-26.
Telefax (02) 527-2969 /527-2980
DEADLINE TO SUBMIT REGISTRATION: Sept. 15, 2017
Course Objectives
1) To recognize and emphasize the importance of control points/processes.
a. Learn practical applications of audit and internal control
procedures.
b. Identify and be able to implement key infrastructure policies,
procedures and processes.
2) To meet BSP’s expectation on bank’s internal audit department
3) To complement risk based auditing
Expected Participants
Internal Auditor, Bookkeeper, Compliance Officer, Risk Management
Committee –Director, President, Branch Managers
Course Outline
Overview of the principles
A. BSP expectations relevant to the internal audit function
1. The internal audit function (BSP 499 s.2005)
2. Key features of the internal audit function
3. Qualification Standards of the Internal Auditor
4. Scope of activity
5. Corporate governance considerations
6. The internal audit charter
B. International Standards for the Professional Practice of Internal
Auditing (Standards)
C. Definition of Internal Auditing
D. Code of Ethics
E. Development of Internal Audit Strategic Plan
F. Difference between Internal and External audit
G. Managing the Internal Audit Department
H. Audit Objectives and the Audit Process
I. Planning the Audit
a. Introduction
b. Preliminary Survey
c. Development of an overall audit plan
d. Co-coordinating the work to be performed
J. Establishing the Degree of Reliance on Internal Control
a. Introduction
b. Identifying, documenting and testing control procedures
c. Examples of controls
d. Inherent limitations of internal control
e. Considering the influence of environmental factors
f. Determining the nature, timing and extent of substantive tests
K. Performing Substantive Procedures
a. Audit Techniques
b. Specific substantive procedure consideration
L. Communicating Results
a. Audit Findings
b. Audit Report
K. Monitoring
