Auditing Credit Risk

Credit risk is a key risk for financial services organizations and, for a good number of organizations, maybe the most critical risk. Regulators and regulatory supervisors are focused on this risk, emphasizing the necessity of having accurate models that can measure the capital impact of credit activities, the risk of leveraged finance, and the great importance of counterparty risk. New requirements and supervisors’ expanded expectations are giving internal audit a more relevant and active role in the assessment of credit risk. In addition, the organization’s board of directors has responsibility for credit risk oversight and governance, and internal audit should provide the board with independent assurance regarding the organization’s credit risk management efforts.

This course provides internal auditors with a baseline skill set necessary to test and evaluate the effectiveness of the organization’s credit risk management framework and processes.

SKU: 1010.LMS.LM01.0070.01.01

Price: $109.00

Your price: $109.00

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Who will benefit from this course?

This course is intended to provide participants with the essential knowledge and skill set to test and evaluate the effectiveness of the organization’s credit risk processes. This course will benefit internal auditors desiring an overview of the importance of credit risk, credit risk governance, and risk management processes surrounding credit risk.

Course Objectives

Express the importance of credit risk in the financial services industry.
Summarize the regulatory environment and requirements related to credit risk.
Recognize the key elements of credit risk governance and risk management processes surrounding credit risk.
Describe the nature and basis of measurement of the default probability.
Evaluate the role of internal audit in credit risk business processes and operations.
Apply International Professional Practices Framework (IPPF) and risk-based internal audit techniques to assess and audit credit risk.

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