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Event Profile

Seminar: Audit Institute (SAA5170220)

Date(s):
September 13 — 18, 2020
Venue:
Embassy Suites - Bloomington
2800 American Boulevard West
Bloomington, MN 55431-1205 
Description:

Join Community Banker University for the newly restructured Audit Institute! What was previously a two-week program has been consolidated into one extended week of intense learning to meet your bank’s evolving needs, the expectations of the audit committee and the examiners. Our curriculum will expand your knowledge of
auditing and banking whether you are a veteran auditor or new to the audit function.
 
After completing this fast-paced week, you will be ready for the challenges awaiting you as a Certified Community Bank Internal Auditor. Unique to this Institute is a pre-recorded session, digitally delivered to attendees to begin their learning prior to arriving at the Institute. We’ll cover all facets of internal audit by using the Internal Audit Lifecycle model.
 
 

Our units of study include:

Bank Internal Audit & Defining the Audit Function. In this unit you will receive the tools and step-by-step procedures to establish and maintain an effective internal audit function within your bank. You will also review:

  • The role of the internal auditor and his or her part in corporate governance,
  • The importance of internal controls,
  • The skillsets of internal auditors, and
  • The internal Audit Lifecycle.

Developing the Risk Model and Audit Universe. In this unit you will gain a thorough understanding of your business objectives, goals, and strategies, and design audits to support your bank. You will also learn how to:
  • Define risk, 
  • Establish a risk framework,
  • Create a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, and 
  • Assess risk.

Developing the Audit Plan covers:
  • Scope
  • Frequency
  • Timing
  • Budgeting
  • Staffing
  • Outsourcing and co-sourcing internal audits

Designing and Executing the Audit Program introduces tools including: Internal control checklists, Policy checklists, Policy and procedure manuals, Audit programs and Data analytics.
 
This section is composed of four major topics including auditing assets, liabilities, operations, bank information systems and cybersecurity:

      Auditing Assets is a deep look at the interest earning components of the balance sheet including:
  • Loans
  • Allowance for Loan and Lease Losses and CECL        
  • How to audit an Excel spreadsheet
  • Other real estate owned and repossessed assets
  • Investments
      Auditing Liabilities covers the funding side of the bank including:
  • Deposits/Official Checks/Internal Use Accounts
  • Sampling methods
  • Confirmations
  • Bank Borrowing
      Auditing Operations teaches you about the business of banking as well as:
  • Auditing electronic banking including remote deposit capture, wire transfers, ACH and debit cards   
  • Preventing and detecting fraud 

      Bank Information Systems and Cybersecurity helps you understand and audit the bank’s information & technology including:
  • Structure and hardware of the bank information systems (BIS) center 
  • Functions of the operating system and application software 
  • Disaster recovery planning and testing 
  • Risk analysis system 
 
Schedule
Sunday
12:30 p.m. - 1:00 p.m.: Registration 
1:00 p.m. – 6:00 p.m.: Bank Internal Auditing – The Basics / Introduction to the Internal Audit Lifecycle
6:00 p.m. - 6:30 p.m.: Review

Monday
8:00 a.m. – 12:00 p.m.: Defining the Audit Function/Developing the Risk Model and Audit Universe
12:00 p.m. - 1:00 p.m.: Lunch
1:00 p.m. - 5:00 p.m.: Planning the Audit/Fraud 
5:00 p.m. - 5:30 p.m.: Review

Tuesday
8:00 a.m. - 9:00 a.m.: Exam  
9:00 a.m. - 12:00 p.m.: Data Analytics/Designing and Executing the Audit Program: Assets
12:00 p.m. - 1:00 p.m.: Lunch
1:00 p.m. – 5:30 p.m.: Designing and Executing the Audit Program: Assets
5:30 p.m. - 6:00 p.m.: Review

Wednesday
8:00 a.m. - 9:00 a.m.: Exam 
9:00 a.m. – 12:00 p.m.: Designing and Executing the Audit Program: Liabilities & Operations
12:00 p.m. - 1:00 p.m.: Lunch
1:00 p.m. – 5:30 p.m.: Designing and Executing the Audit Program: Liabilities & Operations
5:30 p.m. - 6:00 p.m.: Review

Thursday
8:00 a.m. – 12:00 p.m.: Designing and Executing the Audit Program: Bank Information Systems 
12:00 p.m. - 1:00 p.m.: Lunch
1:00 p.m. – 5:00 p.m.: Designing and Executing the Audit Program: Bank Information Systems
5:00 p.m. - 5:30 p.m.: Review

Friday
8:00 a.m. – 10:00 p.m.: Delivering Audit Results & Reporting
10:00 a.m. - 10:30 a.m.: Review 
10:30 a.m. – 11:30 a.m.: Exam

Who should attend: Auditing personnel—regardless of previous experience and training

49 CPE Credits Per Week

Program Level: Intermediate
Prerequisites: No previous experience and training necessary.
Delivery Method: Group-Live
Field of Study: Auditing

FEE:
ICBA Member: $3,295 per week (with testing fee: $3,595)
Nonmember: $3,995 per week (with testing fee: $4,395)
Nonbanker: $4,195 per week (with testing fee: $4,595)

CERTIFICATION TESTING FEE
ICBA Member: $300 total exams for week
Nonmember: $400 total exams for week

Certification Designation: Certified Community Bank Internal Auditor (CCBIA)

Hotel Information:
To make your hotel reservations:
Online: Embassy Suites by Hilton Bloomington Minneapolis
Rate: $165.00
Reservation Deadline: 8/23/2020
Phone: 952-884-4811 or 1-800-Embassy
Please reference ICBA Audit Institute or AU1

If you are unable to join us for the entire event, please call a Community Banker University representative at 800-422-7285 for assistance with registration.

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Registration, attendance or participation in an ICBA event constitutes an agreement by the participant to ICBA’s use and distribution (both now and in the future) of the participant’s image and/or voice in photographs, videos, digital media, electronic reproductions and audio files/recordings of and at such events and activities.

 

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