Auditing investments and derivatives can be very challenging in today's volatile markets. In this three-day seminar you will gain a basic understanding of investment and derivative terminology, the strategies entered into by portfolio managers/investment managers/traders, and the core processes used in the risk management and back-office operations. You will examine front-office, back-office, and middle-office activities; control objectives; red flags; and internal control best practices. In addition, you will learn to differentiate between derivative hedging and speculating activity and gain an understanding of the new financial regulation changes being introduced into the market over the next several years. You will pay special attention to identifying the specific risks common to investment and derivative strategies and cover how to minimize those risks with a strong internal control environment. Through class discussions, case studies and practical exercises, you will learn how to develop meaningful audit programs to use in one of the most material areas an auditor can review.

Prerequisite: None         Advance Preparation: None

Learning Level: Intermediate     Delivery Method: Group-Live

Field: Auditing