Specialist Credit Audit

Accounting and Finance

PI ETA Consulting Company
Highlights
* Know the role of Credit Audit in the Credit Risk Management Process.
* Understand the Principal Objectives of Credit Audit.
* Review Two main areas of Assessment
* Credit Risk Management Process
* Portfolio Quality
* Ensure that Proper Planning and Preparation are carried out.
* Know how to plan effectively for the Individual Reviews.
* Be aware of the Procedures for On-site Reviews.
* Understand the Importance of Work Papers and the need to ensure a required standard.
* Ensure a Fair and Balanced assessment of the Credit Risk Management.
* Process and in Assigning a Rating.
* Ensure a Fair and Balanced assessment of the Portfolio Quality and in assigning a Rating.
* Know how to handle a Closing Meeting.
* Understand the Salient items that need to be addressed in the Final Report.
Seminar Facilitator(s):
Mr. Andrew K. T. Goh
B. Econ.
This is primarily ilt training
instructor led trainingThis class may be available at a classroom in Singapore, Singapore, or at one of these training facilities: Singapore, Singapore,
Course Level:introductory
Duration:2 days
Training Presented in:English
Training Provided by PI ETA Consulting Company

Specialist Credit Audit Seminar Schedule

    Location    
April, 2017
20th Apr   Concorde Hotel, Singapore (Orchard Road)   [Register]
 
Specialist Credit Audit
Comment from past participant:
"PI ETA is a good seminar organizer that knows exactly the needs and purpose of every participant. Practical and
comprehensive materials, experienced mentor and facilitator who makes the material easy to understand and to
implement back in your office."
Mr. Miftah Fauzi, Bank Indonesia, Indonesia.
Class of November 2009
"Andrew has a lot of experience to share with us in a very friendly way and the material was easy to understand. The
seminar gave me another perspective and of course broadened my knowledge about credit risk."
Mrs. Fenny Juliantini, Bank Indonesia, Indonesia.
Class of April 2010
Seminar Background
This is an intensive program covering Credit Audit. In particular, participants will be familiarized with the parties that are responsible for managing risk within the bank and the role of the Credit Audit in the Credit Risk Management process. The seminar also outlines the planning and preparation of the audit, conduct and procedures for the on site reviews and assessment of the credit risk management process and portfolio quality with the appropriate ratings. How to handle a closing
meeting and salient items that need to be addressed in the final report will also be discussed.
Credit audit is a very specialized form of audit. Officers need to be specifically trained so as to ensure they have the required skills to lead and carry out a proper audit such that the credit risks, weaknesses in the credit process and portfolio quality are properly identified and highlighted. In particular, the need to provide management with a fair and balance assessment of the Credit Risk Management Process and Portfolio Quality must be emphasized so that corrective action could be carried out in a timely manner, and in turn protect the bank against unforeseen Credit Risks.
Seminar Content
* An Overview of Credit Risk Management Process and the Role of Credit Audit
- Understand the parties that are responsible for managing risk in a bank
- Understand the principal objectives of Credit Audit
- The main areas of assessment
- Credit Audit Reports and its intended audience.
- Publication of reports
* Planning and Preparation of Credit Audit
- Annual reviews and individual Reviews
- Reviewable Units
- Levels at which reviews should be conducted
- Understand the factors that determine the frequency of reviews
- Understand the ratings that are assigned
- Know what the acceptable ratings are and what ratings determine the next Credit Audit
- Review-able units under continuous monitoring
- How to plan effectively for the individual reviews
- Notification of the unit to be reviewed
- Information Package
- Know what is considered a representative sample
- A Guest Auditor Program
* Procedures for On Site Reviews
- Initial or opening meeting and key items to be covered
- Establishment of key work areas
- Clarification and finalisation of Information Package
- On site review guidelines
- Issuance of observations/ areas of weakness and expected time line to respond
- Keeping the unit s management appraised during the on site review
- The importance of work papers and the need to ensure a required standard
* Assessment of the Credit Risk Management Process and Assigning a Rating
- Importance of Credit Risk Management Process
- Credit process blocks
- Discussion on each Credit process block
- Credit audit process rating definitions
- Weighting given to each process block
* Assessment of the Portfolio and Assigning a Rating
- Portfolio analysis
- Portfolio assessment
- Portfolio composition
- Watchlist/ Classification of credits
- Classification definitions
- Portfolio rating factors
- Credit Audit portfolio assessments
- Portfolio ratings
* Closing Meeting and Final Report
- Issuance of the Findings
- Preparation for the Closing Meeting
- Common issues at Closing Meeting and appropriate way to handle them
- Salient items that need to be addressed in the Final Report
- Management response to the Final Report
- Distribution of Final Report
* Case Studies
Benefits of Attendance
Upon completion of this program, participants will:
* Comprehend the role of Credit Audit in the Credit Risk Management Process
* Be aware of the principal objectives of Credit Audit
* Familiar with the two main areas of assessment
* Ensure that the proper planning and preparation are carried out
* Know how to plan effectively for the individual reviews
* Be familiar with the procedures for on site reviews
* Know the importance of work papers
* Ensure that a fair and balance assessment for both the Credit Risk Management Process and Portfolio Quality.
* Be familiar as to how to handle a Closing Meeting
* Ensure that the salient items are addressed in the Final Report
Who should attend?
Senior Management and all levels of line management who have a credit-related function, auditors, credit and financial analysts, portfolio managers, credit officers, corporate bankers, commercial bankers, risk managers and analysts.
About The Training Provider: PI ETA Consulting Company
PI ETA Consulting Company - "Risk Management in any organization is everyone's business, not just the CEO, CFO and the CRO's " - Dr. Jeffrey C. K. Lim Ph. D., C. Sci., C. Math., FIMA, FRM, PRM, B. Fel. PI ETA Consulting Company is a Treasury and Risk Management Consulting Company * Back-to-basics Seminars * Consulting Services * In-house Software Systems
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