Understanding and Auditing Investment Activities – Virtual
Notice: Virtual information will be communicated to the attendees at a later date, closer to the event.
Our introductory investments course has been updated to reflect the every-changing investments market including new securities, new operational procedures, new regulations and new accounting risks — making this a class you cannot afford to miss. Focusing on the “buy-side” of the industry, this class is designed for internal auditors who have been charged with auditing investment from securities execution all the way through investment settlement, reporting and recording.
This class will walk you through the traditional markets such as fixed income, equity and structured products, alternative investments and will discuss the audit areas to focus on in each of these areas. The course will also discuss the specific responsibilities of the front, back and middle offices of a typical investment division and highlight audit procedures and techniques to review each of these divisions.
COURSE FEATURES
- Discuss the most common audit issues that are uncovered in a traditional review of the Investment areas.
- Learn the most common securities that are traded in the short-term and capital markets. Briefly discuss derivatives and the alternative asset sectors to ensure you would be able to identify these securities and any red flags in your review.
- Learn the audit issues surrounding traditional securities as well as structured products.
- Review the internal controls that “bullet-proof” your investment portfolio and discuss the leading practices of other companies.
- Study the red flags to watch for in this volatile inflationary market to make sure your investment portfolio has the right controls in place and they are functioning effectively.
- Introduce the Investment infrastructure and the roles of the front, middle and back office to ensure proper segregation of duties is present in your company.
- Discuss the problems with the “repo” and security lending area that have been seen in the market of late.
- Learn about auditing portfolios with external management and the risks unique to the externally managed, or ‘manager of managers’, structure
- Develop audit program steps in class to get you started once you return home.
| Course Duration: | 2 day(s) |
| CPE Hours Available: | 16 |
| Field of Study: | Accounting (2), Auditing (6), Specialized Knowledge (8) |
| Program Level: | Intermediate |
| Prerequisites: | General Knowledge of Audit & Investments |
| Advance Preparation: | None |
| Delivery Method: | Group-Internet Based |
| Investment Training and Consulting Institute, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. | |
| Attendance Requirements: | In order to be awarded the full CPE hours, attendees must answer at least 3 polling questions per CPE hour. |
| Policy Information: | For more information regarding how to register for a course, refund, program cancellation, complaint policies and other frequently asked questions, please visit our Q&A page or contact our office at 785-783-8201. |
Hourly Schedule
Day 1 - Agenda
- 8:30am - 4:30pm
- Day 1 - Understanding and Auditing Investment Activities Training
- Day 1 of the course will start at 8:30am and end at 4:30pm
Day 2 - Agenda
- 8:30am - 4:30pm
- Day 2 - Understanding and Auditing Investment Activities Training
- Day 2 of the course will start at 8:30am and end at 4:30pm
Date
- Jul 24 - 25 2023
- Expired!
Cost
- $1,795
Location
Speaker
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Barbara DavisonCEO, President and Audit PrincipalBarbara Davison is currently CEO, Audit Principal and Board Chair of the Investment Training and Consulting Institute, Inc. (ITCI), located in Overland Park, Kansas. ITCI provides training and consulting in the areas of Investments, Derivatives, and Risk Management to Management, Operations and Auditors.
Barbara is a distinguished faculty leader for the International Institute of Internal Auditors, where she has served for more than 25 plus years. She is a Certified Internal Auditor, Certified Information System Auditor, Certified Investments and Derivatives Auditor, a Fellow of the Life Management Organization and the author of five books on investment and derivative auditing: “Auditing Investment Activities,” “Auditing Derivatives Strategies,” “Auditing Merger and Acquisitions Strategies,” “Understanding and Auditing Investments and Derivatives,” and “The CIDA Review Book.” Barb has obtained her Series 7 and Series 65 from the National Association of Security Dealers (NASD).
Previously, Barbara was vice president of a financial institution where she directed investment operations for the general account and mutual funds. Her responsibilities also included portfolio management of two mutual funds, which were part of a $7 billion portfolio. Prior to her seven years in investments, Barbara was Manager of Internal Audit for six years, where she was responsible for the management of corporate audit activities, computer security, information systems audits and assisted in new business strategies.
