Course Overview: Bank Audit & Compliance
This course delivers a structured and practice-oriented exploration of bank audit and compliance, equipping learners with the knowledge, tools, and professional judgment required to evaluate financial institutions in today’s complex regulatory environment. It blends theoretical foundations with applied techniques, preparing candidates for professional banking examinations and real-world audit and compliance responsibilities. Designed for banking professionals, finance students, auditors, and compliance practitioners, the course bridges academic concepts with industry practice to strengthen technical competence, regulatory awareness, and ethical insight.
Learners will gain insights into:
- Essentials of Bank Audit: definitions, types of audits, and distinctions between internal and external audit functions.
- Bank Financial Statements: structure, analysis, reporting, and ratios used to assess performance and stability.
- Audit Planning and Process: engagement letters, audit programs, reliance on internal controls, and substantive testing.
- Bank Operations: teller functions, ATM systems, electronic payments, cards, and audit considerations in item processing.
- Deposit Systems and Accounts: account opening procedures, dormant accounts, overdrafts, confirmations, and regulatory impacts.
- Internal Control Systems: objectives, benefits, fraud prevention, and responsibilities in safeguarding assets.
- Monitoring and Evaluation of Controls: continuous monitoring, process improvement, and implementation of best practices.
- Internal vs. External Audit Relationships: risk analysis, control activities, and comprehensiveness of internal control frameworks.
- Compliance Concepts: corporate governance, compliance regulators, competition law, and risk management fundamentals.
- Compliance in Banks: regulatory frameworks, compliance structures, and supervisory expectations.
- Compliance in Practice: roles of compliance officers, organizational culture, ethics, and integration with business strategy.
- Regulatory Environment: Nigerian banking laws, oversight bodies (CBN, NDIC, CAC, FRC), and global standards (GAAP, GAAS, IFRS).
- Sustainability and Ethics in Compliance: environmental and social risk management, Nigerian Sustainable Banking Principles, and global frameworks.
- Enrolled students: 3