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Auditing Market Risk

Course Description
Market risk is a key risk for financial services organizations. Regulators and their supervisors focus on this risk, emphasizing the necessity of having accurate models that can measure the capital impact of market activities on the financial viability of the institution. Regulatory requirements and supervisors’ expanded expectations are giving internal audit a more relevant and active role in the assessment of market risk. In addition, an organization’s board has direct responsibility on market risk oversight and governance, so internal audit should provide it with independent assurance in conformance with the Standards.

This course provides internal auditors with a baseline skill-set necessary to test and evaluate the effectiveness of the organization’s market risk management framework and processes. 

Learning Objective(s):

  • ​Express the importance of market risk in a financial services context.
  • Desc​ribe the regulatory environment and requirements related to market risk.
  • Reco​gnize the risk governance and risk management process surrounding market risk.
  • Sum​marize the key components of market risk, including equity price risk, interest rate risk, and foreign exchange risk.
  • Appl​y the International Professional Practices Framework (IPPF) and risk-based internal audit techniques to assess market risk and audit its underlying processes. 
Course Duration: 1 day(s)
CPEs Available: 1.8
Knowledge Level: Basic
Field of Study: Auditing
Advance Preparation: 
Delivery Method: QAS Self-Study