Untitled 2

Practical Issues in Auditing Trade Finance in Banks

 

Objective of Workshop:

To enhance knowledge and skills of internal auditors pertinent to auditing trade finance operations in financial institutions, in order to add value to their institutions, in the forms of:

  • Assisting in achieving business objectives

  • Managing operational risks.

  • Capitalizing on opportunities.

Day1

  • Background to Internal Auditing:

  • Purpose of Internal Auditing.

  • Nature of Internal Auditing.

  • Scope of Internal Auditing.

  • Emphasis on “Risk Based Internal Auditing”.

  • Background to Trade Finance Services”.

  • Risks to Manage”Negative Publicity, and Inadequate Service , and Financial Losses, and Regulatory Risks.

  • Payment and Risk Categories”.

  • Exercises.

Day2

  • Overview of International Commercial Terms.

  • Instruments of International Trade and Risk Distribution (Merit and De-Merits).

  • Overview of Documentary Collection.

  • Documentary Credits (and independent undertakings). 

Day 3

  • Advising of a Documentary Credit (Role and Practices of an Advising Bank).

  • Confirmation of a Documentary Credit (Roles and Responsibilities of a Confirming Bank).

  • How to Translate Understanding of Respective Risks to Internal Audit Programs.

  • Amendments and Acceptance / Rejection of Amendments.

  • Presentation and Examination of Documents.

  • How to Translate Understanding of Respective Risks to Internal Audit Programs.

  • Drafting receipt of documents, examination of documents and refusal’s Audit Program.

  • Reimbursements.

  • How to Translate Understanding of Respective Risks to Internal Audit Programs

  • Other Issues.

 

 

Subscription Fee : SAR 5000

 

Training Details

 

COURSE DATES

Time

CPE

Location

26 – 28/4/2016G

19 -21/7/1437H

8:30 AM to 4:30 PM

24

Holiday Inn

Riyadh - Izdihar

 

For more details, can be found on the training course brochure  

 

Discounts for Individual Membership 10% off

 

Discounts for Corporate Membership:

·         Bronze Membership 20% off

·         Silver members 25% off

·         Gold Membership 30% off