Best Practices in Auditing

Overview 

Best Practices in Auditing

This 3-day workshop is designed to inform and explain the role and function of auditing in today's corporate environment. It seeks to describe the way in which the audit function has evolved to its current role, and the range of services offered by various audit function practitioners.

Participants will learn about the role and function of auditing, the analysis of organisational business process flows, as well as the assessment of business risk and strategies/plans presented by stakeholders in the audit process. They will gain specific insight into the application of audit tools and techniques to ensure that time spent within the audit process is a productive value added component of year round organisational risk and process management.

At the end of this workshop participants should be better prepared to engage, inform and/or interact with senior management on risk and governance issues and to anticipate challenges as they arise or even avoid potential problems altogether.

Target Audience

This workshop would be beneficial to:

  • Existing members of financial departments and units
  • Key employees and managers required to interact with the audit process
  • Senior management and business unit heads of operational units
  • Regulatory users of financial statements and records
  • Compliance managers and supervisors

Learning Objectives

Upon completion of this workshop, persons who actively participant should be able to:

  • Explain the role and importance of the audit process within the organisation
  • Utilise current techniques in auditing, to integrate business areas and processes, in the planning and execution of audits
  • Distinguish between the internal and the external audit
  • Apply risk assessment techniques to key business processes
  • Develop and leverage the audit support system
  • Improve the risk assessment, management and reporting systems
  • Continually enhance the efficiency and value derived from the audit process

Programme Outline

Designed to run over a 3-day period, the workshop will cover specific deliverables on:

  • The organisation as a system and its component processes
  • Transaction management within the organisation
  • The role and function of auditing (internal and external auditing)
  • The role of compliance in the audit process
  • Audit tools/techniques, and the identification/mitigation of business process risk
  • Management oversight of the audit support system
  • Risk rating techniques and the management of escalating risks and crisis situations

audit stamp

Facilitator: Nigel Chinapoo

Nigel Chinapoo is a Director of a number of local and regional ICT and financial service companies and former Chief Information Officer of a multi-national conglomerate of financial and service companies based in the Caribbean. His unique background makes him well qualified to advise on the role of financial and information communications technology processes/systems on departmental operational, change management and new business initiatives. He has over 12 years of experience in the financial and services industry both as a financial/accounting professional and technology/systems executive.

Mr. Chinapoo launched his accounting career with membership and subsequent fellowship of the Association of Chartered Certified Accountants (ACCA) in 2000/2003. He moved directly into the financial services industry in 1999 when he accepted the Finance Manager position with then Colonial Life Insurance Company and its subsidiaries throughout the Caribbean. Mr. Chinapoo's subsequent experiences include serving as the head of insurance and financial systems development at SunGard Insurance Systems in Atlanta as well as Manager of Mergers and Acquisitions at Citigroup. He also served as Chairman and Board Member with several Health and Document Imaging companies based in Trinidad and Tobago. Mr. Chinapoo's experience with leading financial organisations is complemented by his leadership roles in various industry organisations such as Chairman of the E-Teck ICT Cluster advisory Board and member of the Trinidad Chamber of Industry and Commerce's EBITT committee.

Mr. Chinapoo is a graduate of the University of the West Indies with a BSc. in Economics/Mathematics and is a Fellow of the Association of Chartered Certified Accountants (F.C.C.A.).

Details

Date View Event Calendar
Time 8:30 pm – 4:30 pm
Duration 3 Days
Cost TT $4,500.00 (inclusive of training materials, refreshments and Certificate of Participation) 
Please note that prices are subject to change without notice.
Venue Arthur Lok Jack Graduate School of Business
Max Richards Drive,
Uriah Butler Highway, North West,
Mt. Hope

Contact

Tel: 645-6700
Fax: 662-1411

Coordinators:

Brent Cassim - ext. 330
Anastasia Mohammed - ext. 328

E-mail:  openenrolment@lokjackgsb.edu.tt

Certification

Certificates will only be issued to participants who have attained a minimum attendance rate of 75% for the duration of the course.

Course Cancellation/ Reschedule Policy

Arthur Lok Jack GSB (ALJGSB) reserves the right to cancel training at any time. If ALJGSB cancels the training due to unforeseen circumstances beyond the control of ALJGSB, you are entitled to a full refund of the course fee, or your course fee can be credited toward a future training, based upon availability (providing payments have been made before original advertised date).

ALJGSB reserves the right to reschedule training at any time. If ALJGSB reschedules training due to unforeseen circumstances beyond the control of ALJGSB, the training will take place at the next available time. Participants will be informed via phone and/or e-mails.

 

  

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