The asset management industry has been fast growing and increasing in its complexity and variety. At end 2010 global Assets Under Management totalled $65 trillion (million million).
The implementation of the Basel Accord and other regulatory developments, and the ongoing financial crisis have put the importance of control and management within the industry into an increasingly strong focus.
Internal audit functions are required to address the key risks and controls operating throughout an institution, including those applying within the asset management industry. This course looks systematically at the application of control to the risks applying within asset management and considers the approach that internal auditors should adopt when conducting assignments in this area.
The objectives of this course are to enable attendees to appreciate the key 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 the participants will develop key approaches that can be applied directly to their institutions.