Focus and Features

In the contemporary world, internal audit departments continue to experience challenges related to an expanding audit universe, changes in laws and regulations, greater technology risks, and increased budget pressures. It is expedient that executive management and audit committees should periodically review their company's risk profile to determine if their current internal audit model is optimal for the company and its significant stakeholders.

The internal audit department model should be based on the defining characteristics of the company as well as the specific applicability and potential benefits, including challenges associated with each operating model. It is believed that with the right model, the internal audit function can meet the increased expectations, fulfill its audit plan, and ultimately accomplish its mission.

Learning Objective(s):

  • Cover a refresher of Lines of Defense, including its common pitfalls
  • Understand the mandate of Compliance Department
  • Be in a position to recommend the ways and approaches how internal audit can add more value to compliance department

What You Will Learn


  • Definition

Complying as part of Compliance

  • Compliance
  • Benefits
  • Compliance vs Internal Audit

Deeper View – Compliance

  • Compliance Function Responsibilities
  • Adding Value
  • Regulatory Advisory
  • Guidance and Education
  • Identification and assessment of compliance risk
  • Monitoring, Testing and Reporting
  • Statutory Responsibilities and Liaison
  • Compliance Program

Course Summary

Who will benefit from this course?

Number of CPE units: 3

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Virtual set-up/via Zoom

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