Internal Control and Audits in Banks

Financial services professionals, consultants, and sales professionals interested in providing or selling products and services to fund managers, insurance companies, and banks, and everyone interested in knowing about banking supervision and anti-money laundering regulations

Please contact us for information about prerequisites.

Expected Duration
60 minutes

Internal controls and strong corporate governance lead to effective and efficient bank operations in which risks are properly managed and depositors’ assets are safeguarded. These best practices ensure that stakeholders can put their trust in the financial system. The banking crisis and rapid growth of the banking industry at the beginning of the 21st century created the need for banks to develop strong internal controls and establish good corporate governance. Banks must be audited, both internally and externally, to assess the state of internal controls and corporate governance and address any identified weaknesses.
This course introduces internal control processes and internal and external auditing of banks within the prescribed framework of published guidelines by the Basel Committee on Banking Supervision.


Internal Control Process

  • define the main objectives of the internal control process
  • identify the key elements that make up the internal control process
  • recognize the process and elements of the internal control process
  • Internal Audits

  • recognize the features of an effective internal audit
  • identify the internal audit responsibilities
  • recognize the features and responsibilities of an internal audit
  • External Audits

  • identify the external audit principles set out by the Basel Committee
  • order the various stages of an external audit
  • recognize the principles and various stages of an external audit




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