PPT-Conducting an Operational Risk Audit

Kevin Loughnane ILCU Training Department National Supervisors Forum Westport Co Mayo 5 th November 2011 Purpose of Presentation To provide supervisors with practical knowledge to assist in conducting an operational risk audit in their credit union. Note to presenters: . Different slides in this presentation may appeal to different audiences including board members, senior leadership, faculty and staff, and students.. Please feel free to utilize the slides that best meet the needs of your audience. It is not anticipated that all slides will be needed for all audiences.. Planning an Internal Audit. Objectives of Planning. Use of Internal Audit. Factors affecting Planning Process. Scope of Planning. Factors affecting scope of Internal Audit.. Planning process. Objective of Planning. 1. Overview. Operational Risk Management (ORM). Definition. Purpose and Goal. Principles. Overview (Continued). ORM Process. Step 1: Identify the Hazards. Step 2: Access the Risk. Step 3: Analyze Risk Control Measures. Principles and Practices. Security Audit. IT Security Management & Risk Assessment. IT Security Controls, Plans & Procedures. Gregory (Greg) Maltby, PMP, BSCS. October 11, 2010. EECS 710. Technical Security Controls. Peta. -Gaye Bartley. 30 July 2013. Save Time – Adding Value. 33%. Documenting. 10%. 6%. 4%. 3%. 9%. 28%. Auditing. Other. Planning. Report Preparation. Review. Travel & Meetings. Scheduling & Timekeeping. Presentation. Overview of Risk Management & Internal Audit Framework . KCPL’s Risk Management Framework. Information Security. &. Related Risk. . Financial Risk Management. Operational risk management & Surveillance. Analysis: An Exploratory Study. Helen Brown-Liburd, Ted Mock. , Andrea Rozario. Miklos . Vasarhelyi. Presented by Andrea Rozario. Background & Motivation. Audit . planning literature is abundant with . Optimising the role of the Chair and . iNEDs. April 2017. www.moorestephens.co.uk. Overview. 2. E. ffective Audit Committees and Risk Committees operate as high performing teams . Ineffective team - 2015. The preface to the clarified AICPA auditing standards:. The primary focus is on issuing an opinion on the . financial statements. .. The steps to develop audit objectives are listed in . Figure 6-1. .. Risk-Based Audit Plan . Development. Agenda. Introduction. Microsoft Internal Audit Org. Risk Based Audit Planning Overview (Luncheon). In Depth Areas (Technical Session). Enterprise Risk Management. Poland’s A2 Motorway Operational Risks Team 2: Yusuf Akkoca Tom Bloom Karen Delton Shweta Hire Eric Johnson David Mahzonni Operational Risks Defined: “The risk of loss resulting from inadequate or failed internal processes, people and systems, or from external District and Region Managers. GGA Vision. WHAT - We believe in delivering innovative, fun and relevant programs in a practical and safe environment. . HOW- Our policy and processes for risk provide the ways for managing and reducing risks to... as per ISO 9001:2015. Management Systems Training Welcomes Delegates to this Course. Welcome !. 2. 3. Delegate Introductions. Delegate Introductions. Name. Job role. ISO 9001:2015 understanding (1 to 10). David Pulsipher, CIA, CFE. Director of Audit and Financial Services. Utah System of Higher Education. Objectives. Review audit committee responsibilities. Discuss risk assessment process. Discuss audit committee involvement in audit process.