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
• Module 2 - Portfolio management 
• Module 3 - Risk management
• Module 4 - Fund Administration, Depositary and Valuation
• Module 5 - AML/CFT: key considerations for the Fund industry
• Module 6 - The role of the auditor
• Module 7 - Marketing, distribution and transfer agency
• Module 8 - ESG developments for Fund Directors
• Module 9 - Technology challenges for Fund Directors
• Module 10 - Fund Governance in Practice

This module sets out the role of the external auditor, walking through the various stages of the audit process and incorporates “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 lead by industry practitioners as well as testimony of a non-executive director.

Course highlights
The module will cover 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

Target audience

A group of about 20 persons representing:

Governing bodies of investment funds (UCITS, SIF, SICAR, RAIF,...)

Governing bodies of investment fund managers (UCITS management companies and alternative investment fund managers (AIFMs))

Executives and managers at investment fund managers and/or funds

Executives and managers at service providers, such as administrative and domiciliary agents, depository banks, distributors, compliance and internal audit service providers