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Internal Audit Report Writing for CySEC Regulated Entities



For 3 registrations from the same entity, a standard 10% discount will apply. For over 4 registrations please contact us.


Start
May 28, 2021 4:00 pm
Address
Live Online   View map
Phone
+357-22274470
Email
CPD Units
7
Duration
7 hrs
Fees
€220 + VAT

Schedule

Friday 28/05/2021 - 16:00-19:45

Friday 04/06/2021 - 16:00-19:45

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Description

Event Details

 

Internal Audit Reports are the most important communication tool of all Internal Auditors and are addressed to all levels of Senior Management and the Board of Directors. The Internal Audit Reports represent the end result of weeks of reviews, analyses, interviews and discussions. How well you communicate that information is critical to getting the results you are seeking.

 

A well-written Audit Report can enhance the credibility of both you and the Internal Audit function, whereas a badly written report can have the opposite effect. Internal Audit Reports demonstrate the value of your work as they provide information on the areas you reviewed and that needs to be addressed.

 

CySEC recently issued additional Guidance (Circular No. C 307) on the treatment of findings and recommendations of the Internal Audit Reports submitted by the Administrative Services Providers (ASPs) as well as the Compliance Officers’ Annual Reports, that all regulated entities should consider and immediately implement corrective measures.

 

 

Training Objectives

 

During the seminar participants will gain a good understanding of how to elaborate Internal Audit Reports that conform with the International Standards for the Professional Practice of Internal Auditing, how to organize and present their audit findings by sending all the important messages in a way that is generally accepted and to cause action from Senior Management and BOD members, especially in putting corrective action plans.

 

Participants will also understand how to organize audit reports and how to write with greater clarity, how to present complex information simply for readers to comprehend and how to recognize the needs of their audience.

 

Furthermore, they will understand how a typical audit report or an executive summary is structured in order to add value in their “internal and external clients”, remaining clear and objective in the way they are written, and avoiding usual mistakes, through participation in highly interactive and  practical Case Studies.

 

 

Speaker
Konstantinos P. Triantafyllidis

Past President of the Greek Institute of Internal Auditors (IIA Greece) for the period 2003-2008. Mr. Triantafyllidis is a graduate of the Athens Economic University in Economic Science and holds an MBA in Banking. He is currently an Internal Audit consultant while he has over 30 years’ experience in external auditing, internal auditing in the banking sector and as Internal Audit Manager in various subsidiaries of Greek Banking Groups. Additionally he has obtained significant further training and practice in Internal Control Systems, Internal Audit and Risk Management and global best practices in auditing . He is a Certified Internal Auditor (CIA), a Certified Financial Services Auditor (CFSA) and possesses the Certification in Control Self-Assessment (CCSA). Furthermore he is a Certified Fraud Examiner (CFE) and Accredited Valuator of the Audit Activity by the International Institute of Internal Auditors (The IIA) a field where he is very actively involved. He is member of the External Quality Evaluators of Internal Audit Units of Eurozone’s Central Banks.
See all courses by Konstantinos P. Triantafyllidis