Auditing Asset Management
Internal audit functions are required to address the key risks and controls operating throughout an institution, including those that apply to asset management. This course looks systematically at how to best implement controls within asset management to drive down risk, and considers the approach that internal auditors should adopt when conducting such an assignment.
The objectives of this course are to enable attendees to appreciate the primary issues that arise in practice when undertaking the internal audit of asset management, to ensure that the internal auditors focus on the areas of greatest risk and that they develop practical solutions to the challenges that they face. Using a series of practical case studies, attendees will develop key approaches that can be applied directly to their institutions.
This three-day training course is designed to provide course participants with an understanding of the key internal audit issues that exist within asset management. The program will concentrate on the main asset types: equity (listed and unlisted), fixed income and property, whilst referring to other available asset types. By the end of the course attendees will have been built a series of audit programs that enable them to audit an asset management operation and will have an increased awareness of the primary issues and controls applied in practice. This course combines classroom lecturing and practical workshop-style learning. Case studies, exercises and role playing will be used where appropriate.
Suitability - Who should attend?
This course specifically designed for employees who are required to conduct internal audit assignments within asset management.
Outcome / Qualification etc.
Participants will understand the risks and management techniques used within asset management and how to audit them including:
- Front, middle and back office roles
- Controls over equity and fixed income investment
- How to audit performance measures
- The risk associated with portfolio management
- How to audit counterparty credit risk
- The risk associated with other non-traditional asset classes
Completion of this course is worth 24 CPE Credits
Training Course Content
- The General Asset Management Control Environment
- Acquiring a Client
- Quoted Equity Investment
- Quoted Fixed Income Investment
- The Risk Management of Alternative Investments
- Money Market Funds
- The Risks in Asset Allocation & Portfolio Management
- The Risks in Outsourcing and the Selection and Management of Third Parties
- Other Matters
Provider: ACI Learning
At ACI Learning, we train leaders in Cybersecurity, Audit, and Information Technology. Whether you're starting your IT career, mastering your profession, or developing your team, we're with you every step of the way. We believe that training is not a...
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