1. Auditing Your Institutional's Control Environment

Auditing Your Institutional's Control Environment

Auditing Your Institution’s Control Environment
Event ID: 15687
Not for Sale
Recording: 15082

Duration: 90 minutes, including question and answer period.
Presenter(s): Gary Deutsch, CPA, president, BRT Publications, LLC
Price: $299.00, On-Demand includes full audio presentation, question and answer session, and presentation slides.
Who Should Attend? Internal auditors, risk officers, compliance officers, audit committee members, finance officers, senior lenders

Your institution’s control environment provides the foundation for an effective system of internal control. Most safety and soundness issues including frauds and illegal activities occur when control environments are weak. That’s why the Institute of Internal Auditors (IIA) has established standards for auditing the control environment. These standards focus on the attitude and actions of board and management related to an institution’s system of internal control.

Would an audit of Wells Fargo’s control environment have detected their illegal account opening practices that resulted from their ill-conceived incentive based compensation program? More importantly, would a control environment audit help to communicate to regulators, external auditors and other stakeholders that your institution is operating with integrity and high ethical standards? Would your board benefit from reduced exposure to director liability issues?

Specifically, the IIA standards state that the control environment includes the following elements:

  • Integrity and ethical values
  • Management philosophy and operating style
  • Organizational structure
  • Assignment of authority and responsibility
  • Human resource policies and practices
  • Competence of personnel


An audit of your institution’s control environment will focus on assessing risks that one or more of the six control environment elements could be failing or may have already failed. If failure does occur, the control environment will not effectively support the board’s plans, objectives and risk appetite. In short, the risk of significant loss increases when the control environment is not fully operational.

Please join our expert, Gary Deutsch, for this important webinar will focus on the methods the internal audit function can use to develop an approach to auditing their institution’s unique control environment. In addition, the webinar should assist internal auditors with obtaining support from senior management and the board for conducting a control environment audit.


During this important webinar, Gary Deutsch will discuss:

  • How to identify your institution’s control environment
  • Methods for developing the scope and approach to auditing the control environment
  • Issues to consider when auditing the control environment
  • Control environment audit procedures
  • Methods for evaluating control environment deficiencies
  • Methods for communicating audit findings



Your conference leader for “Auditing Your Institution’s Control Environment” is Gary Deutsch, president, BRT Publications LLC. Mr. Deutsch is a licensed CPA in Maryland and has a B.A. in accounting and an MBA in finance from Loyola University Maryland. He has also achieved the Certified Management Accountant, Certified Internal Auditor and Certified Bank Auditor designations. Mr. Deutsch is the founder and president of BRT Publications LLC.

Mr. Deutsch has trained thousands of financial institution professionals in all aspects of risk management and has written numerous books in the U.S. and Europe on topics such as credit risk, internal audit and compliance with Generally Accepted Accounting Principles. Mr. Deutsch has extensive risk management and internal audit experience through his association with financial institutions of all sizes as well as through his role leading the KPMG financial institution consulting practice in the Mid-Atlantic region.


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BankersWEB certificates of participation are available to everyone completing this webinar.