FIN465 : Audit and control of banks

Department

Department of Financing and Banking

Academic Program

Bachelor in Finance and banking

Type

Elective

Credits

03

Prerequisite

FIN267

Overview

The course is concerned with providing the student with the ability to understand the auditing and supervision of banks and their objectives, types, importance and different types, as well as introducing the student to the basic components of banking supervision systems, and international standards for auditing and monitoring of banks.

Intended learning outcomes

A. Knowledge and understanding:

  • Introducing students to the concept of bank auditing and control.
  • Introducing students to the methods used to audit and control banks.
  • Introducing the student to the factors that helped in the development of the banking supervision process.
  • Introducing students to the basic components of sound internal control systems in banks.
  • Familiarize students with banking policies.

B. Mental skills:

  • Develop the student's ability to familiarize himself with the auditing and banking supervision processes.
  • Develop the student's ability to understand the nature, audit and control of banks and their importance.
  • Develop the student's ability to identify methods of auditing and controlling the work of banks.
  • Develop the student's ability to identify the standards followed in banking auditing and supervision.
  • Develop the student's ability to identify the basic components of internal control systems in the banking sector.

C. Scientific and professional skills:

  • That the student compares between the types of flour on the bank's business.
  • That the student understands the concepts of auditing and controlling banks.
  • That the student diagnoses the methods, objectives and types of banking supervision.
  • That the student analyzes practical applications of some elements of the closing sensations of banks.
  • That the student understands the international standards of banking supervision.

D. General skills:

  • Encouraging dialogue and discussion.
  • Developing the student's ability to use some statistical methods in auditing.
  • Developing the student's problem-solving skills and enabling him to keep up to date with what is new in this subject.
  • Connecting the student with relevant institutions.
  • The student's ability to use computer applications in auditing and banking control.

Teaching and learning methods

  1. Study lectures.
  2. Case studies and practical applications.
  3. Various exercises on the contents of the course.
  4. Diversity in questions and activating panel discussions to develop comprehension.

Methods of assessments

  1. Midterm exam 20%.
  2. Research paper 10%.
  3. Activity 20%.
  4. Final exam 60%.

Course content

Number of hours

scientific subject

Week

6

The general concept of auditing and control, its importance, objectives and types.

1-2

3

different audit methods.

3

3

Errors, cheating, errors and cheating points, and how to treat each of them.

4

3

Evidence of evidence in auditing and its types.

5

3

Censorship, definition, objectives, types.

6

3

Factors that helped the development of control systems.

7

3

The basic components of sound control systems, internal and external.

8

6

recognized international auditing standards.

9-10

6

The concept of an external auditor, its characteristics and types of external auditor.

11-12

6

Practical applications on the elements of the final accounts in banks.

13-14

Portfolio theory (FIN361)
Audit and control of banks (FIN465)
Various insurance (FIN464)
Re Insurance (FIN463)
Finance and real estate investment (FIN462)
Contemporary financial issues (FIN460)
Quantitative methods in finance (FIN369)
Takaful insurance (FIN368)
Financial indicators and investment funds (FIN367)
International investment (FIN366)
Financial derivatives (FIN365)
Securities and currencies analysis (FIN364)
Advanced corporate finance (FIN363)
Investment evaluation (FIN362)
Corporate finance (FIN360)
Financial analysis and forecasting (FIN269)
Financial institutions (FIN268)
Banking operations and policies (FIN267)
Financial markets (FIN266)
Islamic financing and investment formulas (FIN265)
Fundamentals of Islamic banking (FIN264)
Insurance basics (FIN263)
Financial policies (FIN466)
International Finance (FIN467)
Financial management (FIN260)
Strategic financial analysis (FIN468)
Banking marketing (FIN469)
Planing peincipals (PLA170)
Financing Principles (FIN160)
Accounting Principles I (ACC 130)
Principles of Accounting II (ACC131)
Investing basics (FIN262)
Banking basics (FIN261)