Internal Audit

• Risk Reward work with our clients in the planning and execution of projects aimed at enhancing the quality and effectiveness of internal auditing. Such projects are invariably oriented towards transforming compliance based to risk-based audit approaches, achieving a corresponding up-skilling and reconfiguration of the audit function and implementing best practice risk-based auditing tools and up-to-date techniques.
• Risk Reward also provide experienced auditors on a co-sourcing basis to work under our clients' management and direction to bring a particular technical expertise to the internal audit team, provide additional resources where these are lacking or undertake complete audits.
• Every training course delivered by Risk Reward is individually customised to meet the particular needs of our clients. Irrespective of the country where our services are provided, our team of researchers ensures that training materials correspond to local national laws and regulatory requirements.
• Training can be delivered either at the client's own premises or in our training facilities in London. Risk Reward has a reputation as one of the leading providers of top quality audit training in the world. We have successfully provided financial services audit training to more than 250 institutions including banks, insurance companies, central banks, external audit firms and national regulators.
  
  We have a vast library of courses covering almost every aspect of financial services (details below). Each course is customised to the specific needs of our clients. We are ready to travel anywhere in the world to deliver training or, alternatively, we can host clients at our excellent training facilities in the heart of London.
• Risk Reward are proud to be a 'partner in learning; for the Institute of Chartered Accountants in England and Wales (ICAEW); we have been approved to offer Accredited training to the CFAB (Certificate in Finance, Accounting and Business) on their behalf including the Professional, Stage, Knowledge, Level and Advanced courses in Audit & Assurance.
• As most of our projects are delivered in emerging markets our costs are highly competitive and our commitment is to give our clients best value for money at all times.

In addition to our fulltime professional staff of trainers and consultants we have developed, over the years, an unparalleled network of expert auditors many of whom have particular technical specialisations encompassing, for example, IT, Treasury, Credit, Risk Management and Modelling, Stress testing and Scenario modelling and many other major areas.

For most financial institutions it is not economically viable to retain an audit function that possesses all the technical specialisations it requires over time to satisfy the needs of its audit plan. Similarly, internal audit functions often find themselves in circumstances where they do not have sufficient resources to staff their larger audits or resources are lacking due to absences or general staff shortages or as a consequence of assigning auditors to other tasks, such as investigations.

Many of our clients find co-sourcing using Risk Reward's audit experts the optimal solution in such circumstances. Risk Reward will always be able to find precisely the right resource for any situation.

We also offer the services detailed below:

• Audit Report Writing - writing high quality audit reports in English on the basis of drafts (this service is of particular value to audit functions that are required to produce audit reports in English where this is not their first language)
• Audit Program Reviews - reviewing internal audit programs to ensure that they comply with best practice and consider all relevant key risk issues
• Benchmarking - assessing the internal audit function, benchmarking it against best practice and providing a diagnostic that highlights areas requiring improvement
• International Branch Compliance - undertaking the internal audit of branches or subsidiaries in the UK of overseas institutions to ensure that they comply with the UK regulations and global best practice

Risk Reward writes and delivers practical internal audit training, both in-house and public courses, for bank regulators and practitioners focusing on the following areas:

• Audit & Assurance (ICAEW Accredited)
• Auditing Asset Management
• Auditing Basel II Compliance and Risk Management
• Auditing Consumer Finance
• Auditing Corporate Credit Risk
• Auditing the Credit Department
• Auditing Derivatives
• Auditing Equities
• Auditing Financial Crime Regimes
• Auditing Fixed Income Instruments
• Auditing the ICAAP Submission
• Auditing Strategic Projects
• Auditing Investment Banking
• Auditing Islamic Banking and Finance
• Auditing for Insurers
• Auditing the IT Department
• Auditing Mergers, Acquisitions and Due Diligence
• Auditing Operational Risk
• Auditing the Risk Department
• Auditing the Treasury Function
• Auditing Value at Risk and Stress Testing
• Bank Internal Audit School (Retail, Commercial & Investment)
• Debt Finance for Auditors
• Modernising the Internal Audit Function
• Modern Risk and Capital Management for Auditors
• Risk Based Audit for Banks
• Writing Effective Audit Reports
• Compliance Auditing
• Credit Scoring
• Effective Audit Committess

We deliver audit training to regulators and banks globally via trusted and reputable affiliates including government training centres, training companies and directly on an in-house basis.

For more information, a prompt reply and competitive quote solutions please contact:
Accounts Manager
Cariska Pieters
Tel: +44 (0) 20 7638 5559
CP@riskrewardlimited.com