The ICBA Auditing Certificate program equips internal auditors with the knowledge and tools needed to successfully conduct and perform the internal audit function in their bank. This certificate program consists of an introductory module and four critical learning areas. Each learning area includes a comprehensive exam. Upon successful completion of all four learning areas, the learner is awarded a certificate.
Introduction to the Program: This short module provides the learner with an overview of the certificate program.
Area 1: Introduction to Community Bank Auditing
·Auditing: The Basics - This module is designed to introduce you to internal auditing and provide tools and step-by-step procedures to establish and maintain an effective internal audit function within your bank.
·Introduction to Financial Statements - The Introduction to Financial Statements Series builds an intuition for the purpose of the balance sheet, the income statement and the cash flow statement. Illustrations of how the information on these primary financial statements can be used to better understand the stock andflow of an organization's wealth are also presented. Additionally, an introduction to the debit-credit system of accounting is provided so that users
will have an understanding of how organizations account for their resources through time and then use this recorded information to generate their financial statements.The titles for the four section modules are (1) The Balance Sheet (2) The Income Statement (3) The Cash Flow Statement (4) Recording Transactions
·Presentation Skills – After going through this course and using the Tools provided, you will have a practical working knowledge of how to plan the content and strategy, practice the presentation, and deliver a polished presentation.
·Basics of Budgeting - Finance is the lifeblood of any business. Whatever the business goals and objectives, financial return is a priority. A business is commonly viewed as operating from year to year by its stakeholders, financial institutions, and by investors. Each year, a business prepares to go on a journey. Successful, energetic businesses have a clear idea of what the destination is going to be. A map provides essential reference points along the way, helping the business to maintain direction and financial momentum. Financial reference points are produced by a budget. These reference points are expressed in financial terms, based on a mix of historical data, forecasts, assumptions, and estimates. In this course, we introduce you to the fundamentals of budgeting. We talk about how changes in management techniques, the business environment, economies, and technology are
reflected in the changes in budgeting, and how the basics of budgeting are important to any business, large or small.
·The Evolving Role of the Finance Function – The two modules in this course will focus on three major activities comprising the finance function: (1) Transaction processing (2) Control and risk management (3) Decision support. All organization undertake these core finance activities which in turn, reflect the three pillars of the CMA profession: Accounting, Management and Strategy.
·Internal Auditing Working Papers - Audit workpapers are critical in documenting evidence that supports the auditor's objectives, procedures, findings and recommendations. Learning objectives (1) Discuss the different uses for audit workpapers (2) Accurately document and file workpapers (3) Develop a risk-based annual audit plan (4) Use electronic means to automate some workpaper functions
·Sarbanes-Oxley Act Primer – Learning Objectives : (1) Identity the provisions and obligations covered under the Sarbanes-Oxley Act (2) Describe the penalties for non-compliance with the Sarbanes-Oxley Act (3) Understand the new trading restrictions stated by the Sarbanes-Oxley Act (4) Identify the importance of audit committees (5) Describe the importance of anonymous non-compliance submissions and whistleblower protection (6) Identify new disclosure obligations under the Sarbanes-Oxley Act.
·Introduction to Risk Management - Risk has been the mainspring of commerce for centuries. Managing risks to achieve economic gain and avoid economic loss is just as essential for corporate CEOs in the 21st century as it was for Venetian merchants in the 15th century. However, in an increasingly competitive and complex world, the effective management of risk has now become an essential skill for all levels within a business. Even with a plethora of frameworks, guidelines, and models to choose from, there is no 'silver bullet.' Is it practical to address risk effectively by delegating responsibility to a standardized, 'one size fits all' approach, with resources to match? Defects in risk management practices are causing losses amounting to billions of dollars. Boards of Directors are being challenged to accept responsibility for managing risk. International public accounting firms are strongly advising businesses to return to the basics of risk and risk management. This online course lays the foundation for an understanding of business risk. It examines the topic of risk, places it in an historical context, views it from the perspective of business, and takes a long, hard look at how corporate-wide risk management is faring today, and what can be done to improve it.
·Business Writing: Reports and Proposals - This course presents solid, logical techniques for writing two crucial business documents—proposals and reports. It covers the various types of business reports and proposals, their structure, purpose and content, as well as professional models of reports written by seasoned experts.
It is designed to show the student the basic components of each kind of business report and proposal in use today, including formal and informal formats.
Area 2: Operating and Compliance Auditing
·Regulatory Accounting and Operational Auditing - Regulatory accounting and operational auditing are integral elements of the role of the internal auditor. In this module, we will introduce you to these concepts by discussing bank financial statements, asset/liability management, operational auditing, compliance auditing, and the CAMELS bank rating system.
·Introduction to Deposit Compliance - Deposit accounts are a necessity for all financial institutions. There are several laws and regulations that surround deposit accounts, the transactions that occur within them, and related products and services. This course will provide an overview of many of those regulations.
·Introduction to Lending Compliance - Banking laws and regulations have existed for decades however since the financial crisis beginning in 2008, the amount of regulations have grown significantly, mostly in part due to the enactment of the Dodd Frank Consumer Protection Act of 2010. It is imperative that lenders, loan operation staff, management and board of directors are aware the compliance rules when accepting and originating applications for credit at their banks. This course will provide an overview of the laws and regulations that affect the lending side of the bank.
·Regulatory Examination Preparation - Compliance examinations are the primary means regulatory agencies use to determine whether a financial institution is meeting its responsibility to comply with the requirements of federal consumer protection laws and regulations. Regulators accomplish this by examining a banks policies and procedures to ensure compliance with the federal banking regulations. This course discusses the examination purpose and process and common concerns within various regulations
·Report Organization and Presentation - This course gives you all the tools you need to improve your business report writing skills. The course focuses on techniques for sorting and interpreting data, drawing conclusions from that data, and delivering reports with logical, easy to read graphics and other visual cues. You will learn how to use statistical and tabulating techniques to turn raw data into meaningful graphics. You will understand how to incorporate data into reports with impact, how to draw conclusions, and select the graphics best suited for the data.
·Quality Management Refresher- managers in organization of all types – from large multinational corporations, to small family-owned businesses, to non-profit enterprises – have made the conversion to a quality management approach. Learning objectives: (1) To identify the different definitions of quality (2) To recognize and understand the Deming approach to quality (3) To understand the use of statistics in quality management (4) To appreciate the use of teams in quality management (5) To identify and apply some of the tools of quality management (6) To recognize how quality is related to cost
·Understanding Fraud for Internal Auditors - Banks lose millions of dollars each year because of fraud. The internal auditor should be able to understand the types of fraud that threaten community banks, the indicators of those frauds, and ensure adequate controls are in place to reduce the impact of fraud. Learning Objectives: (1) Identify
common types of fraud (2) Ensure that the necessary policies procedures, processes and controls at your bank are in place to detect and prevent fraud
·Consumer Lending Fraud - Consumer lending fraud is troubling not only because it cost banks, businesses, and customers large sums, it erodes confidence in banks` ability to extend credit - a cornerstone of the American economy. This course explores consumer lending fraud by first discussing the basic forms it can take
and then discussing real life examples of different types of consumer lending fraud.
·Business Writing: Preparation - Over 90 percent of all business communication is in the form of writing. In this course, you will learn how to write a concise and informative business message. Your continued success in today's business environment depends to a great extent on your ability to organize and write professional business messages. This course provides a systematic approach to the writing process.
·Red Flags Identity Theft Prevention Programs - Every financial institution must develop and implement a written identity theft prevention program that is designed to detect, prevent, and mitigate identity theft in connection with the opening of an account. This course discusses the information you need to implement and maintain a fully compliance program at your bank.
·Fraud Awareness and Detection- This module Is not intended to make you an expert of fraud in the workplace but rather to help you recognize situations that raise issues of fraud and to help you deal with them appropriately and effectively.
Area 3: Auditing Assets and Liabilities
·Auditing Assets - The purpose of this module is to introduce you to the principles of internal auditing for assets. During this module, you will review the specific qualities of an account that an auditor attempts to test. After completing this module, you will understand the overall objectives for auditing assets.
·Regulation Z: Overview - Regulation Z or the Truth in Lending Act, is one of the most complex regulations within banking. The regulation encompasses several laws or acts and has been amended over and over. The regulation requires creditors to disclose the terms and cost of consumer credit transactions along with a host of other things. This course will provide an overview of each of the subparts within the Truth in Lending Act.
·Communicating Proactively - This course presents three proactive communication models and provides multiple examples that will help you identify the components of each. The three models – the explanation model, agreement model and closure model – will teach you how to become a stronger, more positive communicator.
·Appraisal Standards - Real estate appraisal regulations ensure that appraisals are performed by competent appraisers in accordance with uniform standards. The regulations are designed to help financial institutions avoid losses resulting from overvalued real estate collateral. This course will provide you with a complete guide to the appraisal standards you need to ensure you are in compliance.
·Mortgage Fraud - Mortgage fraud is a serious topic in the banking industry. It is important bankers are aware of the damage mortgage fraud can do to the finances and reputations of banks and their customers. This course introduces common indicators of mortgage fraud, the mechanics of popular mortgage schemes, and what bankers can do to help prevent mortgage fraud.
·Auditing Liabilities and Other Activities - The purpose of this module is to introduce you to the principles of internal auditing for liabilities. After completing this module, you will understand the overall objectives for auditing
liabilities, which will enable you to design and implement better audit programs and procedures when auditing liabilities.
·Regulation E: Electronic Funds Transfer Act - Regulation E, also known as the Electronic Funds Transfer Act (EFTA), establishes the basic rights, liabilities, and responsibilities of consumers who use electronic fund transfer services and of financial institutions that offer these services. Its goal is to protect consumers who engage in these activities. This course discusses, in depth, the rules that banks must follow to ensure their policies and procedures are compliant with the regulation.
·Business Writing: Being Effective - This course teaches you how to organize, write and edit messages. As we have learned, preparation is crucial. Many business communicators know how to gather research but may not be aware of the writing process, from preplanning, to research patterns, to first draft. This course presents a time-tested approach for organizing, writing and revising a professional business message.
·Deposits 101 - In the United States the primary functions of the banking industry are accepting deposits and extending credit. These two principles form the foundation of the American banking system. Accepting deposits is primarily the responsibility of a bank's tellers. Tellers are the people who, on a daily basis, process customers' money into checking, savings and other types of accounts. This module will provide you with an understanding of the deposit side of banking.
Area 4: Bank Information Systems
·Security for Banks - People deposit their money into banks with the assumption that their money will be kept safe. In the past, banks ensured the safety of their customer's deposits by purchasing safes, vaults, and other forms of
physical security. Although these traditional forms of security are still necessary, today's banks need to emphasize information technology security if they wish to maintain a reputation as a secure place to deposit money. This
module provides your bank with the information it needs to make informed decisions regarding information technology and stay protected against the latest IT threats.
·IT Security Primer - Take your knowledge of IT security to the next level with IT Security Primer. Learn about threats to data, protecting information and the role physical security plays in IT security. This module describes the fundamentals of information technology security and what your organization has to do to stay protected in this day and age.
·Communicating Persuasively - This course presents techniques in the art of persuading others. It shows you how to use the 3 x 3 Writing Plan to organize and compose messages. It also presents a toolbox of new techniques for writing persuasive internal messages, sales messages, news releases, claims and adjustments, and action requests.
·Cloud Computing: An Introduction - The module 'Cloud Computing: An Introduction' introduces learners to the exciting world of cloud computing. The learner will explore how cloud computing evolved, learn how businesses can benefit from cloud computing, and understand the risks involved in cloud computing. Topics covered in this module include: basic computing attributes; cloud computing defined; the characteristics of cloud computing; the cloud computing service delivery models; cloud implementation models; the financial, technological, and operational benefits of cloud computing; and the risks of cloud computing along with the mitigation of those risks.
·Crisis Management and Emergency Response Planning - This course is intended to help you recognize and deal with crises that can occur that affect companies and their employees. We will address the key components of crisis management and emergency response planning and how they apply to full-time and part-time employees, including managers, supervisory and non-supervisory personnel. This program could also apply to those who perform Company work at home or elsewhere off-site, as well as to temporary employees and independent contractors.