Quality Seal Emagister EMAGISTER CUM LAUDE

Internal Controls for Financial Institutions

London Corporate Training
A London (Inghilterra)

*Prezzo Orientativo
Importo originale in GBP:
£ 2.650

Informazioni importanti

Tipologia Short course
Livello Advanced
Luogo London (Inghilterra)
Durata 1 Week
Inizio 26/03/2018
altre date
  • Short course
  • Advanced
  • London (Inghilterra)
  • Durata:
    1 Week
  • Inizio:
    altre date

- To describe key risk management and internal control concepts
- To apply the main industry frameworks and standards which influence internal controls
- To assess the effectiveness of their organisations internal controls
- To guide executives and management in the establishment of an appropriate control environment
- To enhance their effective usage of internal controls

Informazioni importanti
È la formazione giusta per me?

• Regulatory authorities in Banking, Insurance, Pensions and Capital Markets
• Executive and non-executive Board and committee members
• Company secretaries
• Shareholder representatives
• Senior managers and executives
• Corporate lawyers
• Marketing specialists
• Institutional investors


Dove e quando

Inizio Luogo
26 mar 2018
23 lug 2018
26 nov 2018
3 Shortlands, Hammersmith, London, W6 8DA, London, Inghilterra
Visualizza mappa
Inizio 26 mar 2018
23 lug 2018
26 nov 2018
3 Shortlands, Hammersmith, London, W6 8DA, London, Inghilterra
Visualizza mappa

Cosa impari in questo corso?

Risk Analysis
Risk Management
IT risk
Risk Mgmt
Financial Training
Corporate operations
Corporate Values


Internal Controls in the Context of Today’s Corporate Governance

  • What is Corporate Governance?
  • Why is it different for financial institutions?
  • Internal controls as a mechanism for controlling risks
  • Board and senior management responsibilities for internal controls and the establishment of a control culture
  • US Sarbanes Oxley Act 2002 and its requirements for monitoring and annual reporting on internal controls effectiveness


Main Components and Principles of Internal Controls

  • The definition and purpose of internal controls
  • The five components of the original COSO internal controls framework
  • Integration of the original COSO control framework into COSO Enterprise Risk Management framework (ERM)
  • Linking COBIT to COSO – Information technology framework and internal controls

Financial Sector Regulators and Internal Controls

  • The three categories of objectives for internal controls
  • COSO internal controls framework – the expanded 2013 revision
  • The new seventeen principles – practical application to provide comprehensive controls
  • The strong link between Basel II operational risk management and COSO
  • Inherent limitations of internal controls


The Control Environment

  •  The vital first step – establishing the management tone at the top and an institution-wide code of conduct reflecting integrity and ethical values
  • Board and management’s delegation of authority
  • Commitment to competence – attracting, developing and retaining the right human resources
  • Performance measures, incentives and rewards


Types of Internal Controls

  •  Risk appetite and strategy established by the Board and risk response strategies
  • Control activities, internal controls, responsibilities and uses through the eyes of different stakeholders
  • Inherent and residual risks
  • Reporting and assurance