The role of auditor

Description

The training is part of the Fund Governance Masterclass, a certification programme with the below topics:

• Module 1 – Funds & IFMs: Governance fundamentals (28hr, 3.5 days)
• Module 2 – Technology challenges for Governing Bodies (4hr, 0.5 day)
• Module 3 – Portfolio management (4hr, 0.5 day)
• Module 4 – ESG developments for Governing Bodies (4hr, 0.5 day)
• Module 5 – Risk management (8hr, 1 day)
• Module 6 – Fund Administration, Depositary and Valuation (8hr, 1 day)
• Module 7 – Marketing, distribution and transfer agency (8hr, 1 day)
• Module 8 – AML/CFT for Governing Bodies (4hr, 0.5 day)
• Module 9 – The role of the auditor (4hr, 0.5 day)
• Module 10 – Tax & Regulation for Governing Bodies (8hr, 1 day)
• Module 11 – Fund Governance in Practice (8hr, 1 day)

Course outline 

This module covers the role of the external auditor, walking through the various stages of the audit process and incorporating “what could go wrong” scenarios to illustrate situations Directors may be faced with in interacting with external auditors. It will also cover key focus areas for directors, including financial reporting duties.   

The module is supported by case studies led by industry practitioners as well as the testimony of a non-executive director.

Course Content 

The module covers the following topics:

• Overview of the external audit cycle 

• Audit Planning 

• Key focus areas for directors  

• Roles and responsibilities of the auditors and the directors 

• Audit conclusion