ACAEBIN trains internal auditors on report writing, communications

The Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN), has concluded a two-day training for internal audit staff on report writing and effective communication skills.

The training was aimed at equipping the participants to gain perspectives on the different criteria for assessing internal audit performance, contributions of the internal audit reports and communication style.

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Prince Akamadu, the chairman of the association, said the association is committed to improving the quality of internal audit reports that will surpass the expectations of stakeholders.

“One of the association’s core objectives is to develop the capacity of the internal audit function to meet global standards and help Auditors to deliver more effectively and efficiently.

“Over the years, ACAEBIN has been passionate about developing the skill set of chief audit executives and the internal auditors. This is one of the many ways the association is adding value to the industry,” Akamadu said.

Mogbitse Atsagbede, the second vice chairman of ACAEBIN and the sub-committee chairman on emerging issues said in his welcome address that capacity development is at the core of the association’s mandate and that such training are usually bankrolled by the association at no cost to the individual member banks.

“We are committed to promoting competence and professionalism in the industry. Our training and capacity development programmes are usually free and we do not compromise on quality.

“We have committed to organising at least two training sessions for internal auditors and one for the chief audit executives (its members) every year,” Mogbitse said.

He said the association recently held a one-week training for its members on the Imperatives of Chief Audit Executives in the Digital Age in Kigali, Rwanda in partnership with Ernst and Young, Nigeria.

The just concluded two-day training for internal audit was held on October 18 and October 19 2023 in Lagos. It was in conjunction with Platinum Edge Consulting, a training and consultancy firm.

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The event hosted over 60 Internal auditors, drawn from 42 member banks including Development Financial Institutions in the country.

It enabled the participants to leverage internal audit management software in reporting processes, generate internal draft audit reports for auditee comments, produce final reports targeted at management, board audit committee, and board meetings, track and manage audit incidents.

The Association of Chief Audit Executives of Banks in Nigeria is a not-for-profit sub-committee of the Bankers’ Committee committed to sustaining high ethical values, and promoting competence and professional behaviour of members.