Investment Auditing

Day 1: Investment Environment and Governance Foundations

• Understanding investment markets, structures, and investment ecosystems
• Reviewing investment policy frameworks and evaluation techniques
• Examining governance structures supporting investment activities
• Understanding fiduciary duties and responsibilities within investment management
• Identifying critical indicators affecting investment performance and risk
• Case study exercise on evaluating investment governance structures

Day 2: Investment Instruments and Valuation Techniques

• Applying auditing approaches to fixed-income investment products
• Understanding evaluation methods for equity-based investments
• Reviewing risk assessment approaches for alternative investments
• Examining derivatives and complex investment products from an audit perspective
• Understanding fair value assessment principles and methodologies
• Practical workshop on investment valuation testing techniques

Day 3: Investment Operations and Internal Controls

• Understanding investment transaction processing and settlement activities
• Reviewing portfolio reconciliation procedures and asset valuation calculations
• Examining management fees and expense verification approaches
• Assessing custody structures and asset safeguarding processes
• Evaluating performance measurement and attribution techniques
• Workshop on testing operational controls within investment functions

Day 4: Risk Management and Compliance in Investment Activities

• Identifying and assessing market-related risks
• Understanding credit and counterparty risk assessment techniques
• Reviewing liquidity management and monitoring approaches
• Understanding regulatory frameworks affecting investment operations
• Examining anti-money laundering and customer verification requirements
• Case study on integrated investment risk assessment methodologies

Day 5: Advanced Audit Techniques and Effective Reporting

• Applying data analytics techniques within investment auditing activities
• Understanding forensic methods for identifying irregularities and fraud indicators
• Applying root-cause analysis for audit findings and control weaknesses
• Strengthening audit reporting and communication techniques
• Understanding effective reporting practices for management and audit committees
• Developing personal action plans for professional growth and capability enhancement