Risk Based Audit Approach for Banks -Aug 20 2013



Dear Fellow Rural Bankers:

The Rural Bankers Association of the Philippines (RBAP), through the Rural
Bankers’ Research and Development Foundation, Inc. (RBRDFI) is pleased to
announce that it will conduct the seminar-workshop described below as part
of its continuing strategy to strengthen the rural banking industry:


Risk Based Audit Approach for Banks


Senior Level Loan Officers / Internal Auditors, Compliance Officer
/ Credit and Remedial Management Officer, President and Director


August 20, 2013 (Tuesday)
1 day (8:30AM-5:30PM)

Gov. Licaros Hall, RBAP Bldg., A. Soriano Ave.,
cor. Arzobispo St., Intramuros, Manila


Norberto “Nolan” Nabong
Banker –AML Compliance Officer, Trainer / Consultant,

Registration Fee
a) Early bird rate of Two Thousand Five Pesos only (P2, 500.00)/ per
registrant on or before August 02, 2013
b) Two Thousand Eight Hundred Pesos only (P2, 800.00)/ per registrant
after August 02, 2013.
c) Three Thousand Three Hundred Sixty Pesos only (P3, 360.00).♣
Non-member rural banks. To avail of the regular registration fee,
non-member banks are encouraged to apply for membership with RBAP/RBRDFI.
Please call RBAP for details.

Training Policies:

1. Before you deposit the registration fees, book your ticket (airline)
and secure accommodations, confirm first with RBAP-RBRDFI your training
slot, and wait for RBAP-RBRDFI acknowledgement on such reservation.

RBAP-RBRDFI will not be liable for any damage caused by unconfirmed
reservation(s). Likewise, once training is FULL, RBAP-RBRDFI has the right
to refuse participation or reimbursement on any damage brought by
unconfirmed reservations.

2. Deadline for submission of registration is not later that August 16, 2013.

3. A Non-Refundable commitment fee of P1,400.00 per participant (50% of
the registration fee). Payments can be remitted to the Rural Bankers
Research and Development Foundation, Inc. bank account (Land Bank of the
Philippines – Intramuros Branch Savings Account Number 0012-1046-26).
Proof of payment (i.e., deposit slip) should be sent immediately
verification at (02) 527-2980. Check payments, should be payable to Rural
Bankers Research and Development Foundation, Inc. (RBRDFI)

4. Reservation via telephone conversation is accepted. However,
Registration Form and commitment fee must be settled 10 days prior the
seminar date or August 12, 2013. Otherwise, reservation is considered

5. Cancellation Policy:
a) 10 days prior the seminar date is entitled for a full refund.
b) 3 days prior to the seminar date is entitled for a half refund
c) Participants who have paid but fail to show up for the seminar will
only be entitled to a rebate of 50% of the total registration fee.
d) Special cases (health, accident etc.), with written notice, kindly
coordinate with RBRDFI staff for refund procedures and requirements.

Please be advised that we accept on a first-come-first-served basis with a
manageable level up to thirty (30) participants only.


The Board of Directors and Senior Management look to internal audit (IA)
to help them manage enterprise risks. Heads of Internal Audit and staff
thus have an opportunity to add tremendous value to their banks by taking
a proactive approach to risk. Using case studies, group discussions and
facilitator presentations, this interactive one-day course will provide
the participants with a solid understanding of risk-based audit approach
and methodologies they can utilize to develop a risk-based audit plan
(RBAP) tailored to their Bank’s needs.
Furthermore, participants will come to understand the importance of
corporate governance and enterprise risk management, while learning to
identify risks, perform risk assessments, develop a risk-based assurance
plan, understand entity-wide controls, and plan a risk-based engagement.

The participants will be oriented to:
• Identify the components of a risk-based audit approach;
• Adopt practical methods for building a risk-based audit plan (RBAP);
• Distinguish between unit-based and process-based audit universes; and
• Determine how a risk-based audit approach relates to a Bank’s annual
goals and objectives.

1. What is Risk-Based Audit Approach?
a. Definition of Risk-Based Audit Approach
b. Objective of Risk-Based Audit
c. Nature of Bank’s Internal Control
d. Fraud Triangle
e. Fraud vs. Error
f. Profiles of a Fraudster
2. How to Assess the Risks?
a. Preliminary Risk Assessment Activities
b. Defining the Risk Parameters
c. Developing and Updating Audit Universe
d. Evaluating Audit Universe Based on Risk Parameters
3. How to Respond on Detected Risks?
a. Analytic Review
b. Sampling
c. Accounting Estimates
d. Prioritizing Audit Projects
4. How to Report the Detected Risks?
a. Evaluation of Audit Evidence
b. Evaluation of Misstatements
c. Concluding on Materiality of Unrecorded Misstatements
d. Communicating with those charged with Governance
e. Sarbanes-Oxley Act of 2002 (SOX)
f. Securities and Exchange Commission (SEC) Circular No. 6

Download the Confirmation Sheet in PDF