Internal Control and Internal Audit in MFIs (Islamabad)

September 23 – 24, 2021

@ PIM, Islamabad.

COURSE DESCRIPTION

This two-day intensive training program has been developed intentionally to meet the demand of microfinance organizations (MFIs) in special knowledge and skills in managing operational risks.
As MFIs grow, effective internal control becomes more and more necessary to maintain their life long-lasting. To remain in competitive position MFIs improve their products and widen the borders of their activity, however rapid growth is connected with new risks and challenges. Internal control is an integral component of risks management. The mechanisms of internal control are aimed at improving the process of taking decisions, providing precise, full and up-to-date information for management and board of MFI could react to the problems as soon as they appear.

COURSE CONTENTS

• Risk Definition
• Key Risks in Microfinance?
• Risks connected with microfinance activity
• Evaluation of risks in MFI
• Internal control system – one of the ways of controlling the efficiency of MFI activity
• Goals, objectives, and functions of internal control
• Priority areas of internal control in MFI
• Internal Audit-Significance and Utility
• Internal audit as a part of internal control system
• Goals, objectives, and functions of internal audit
• Differences between internal and external audits
• Methodology of internal audit in MFI
• Key Issues of Operational Risks and managing them?
• Risk Management in MFIs: Whose Job is it?
• Overview of Internal Control Systems-Definition
• Understanding the Internal control
• Internal Control Process

LEARNING OUTCOMES

The primary purpose of this training program is to look at risk, risk management and internal controls from an operational perspective in the MFI. It provides practical ways for MFIs to approach and implement effective internal control systems and internal audit functions within their institutions – whether large or small.Simply put, both the function and activities of “internal audits” and “internal controls” are mitigation strategies for operating risks in MFIs. Internal controls are systems and procedures that seek to prevent problems and institutional loss. The internal audit function may meet external regulatory requirements for MFIs. More than that, it is a management tool to monitor the implementation of internal controls. Internal audits seek to detect problems before they become large and destructive, and they provide assurance and communication to management that its systems are in place, are functioning and are building the MFI’s capacity to deliver its products and services sustainably to the community.

TARGET AUDIENCE

• MFIs Finance Manger
• Loan directors
• MFIs Auditors
• Risk Manager
• Internal Control officials

ABOUT SPEAKER

Mr. Malik Dilawar is an accomplished, dynamic, and client-driven training professional consultant with 45 years diversified experience of banking.  Offering 31 years of exclusive experience in Training Management, presentation skills, facilitation, and curriculum design. He  started his professional career as lecturer in commerce, subsequently joined one of the largest  Bank of the country where he worked in  different senior capacities, including Branch Management , Corporate Risk management, Trading Risk, Audit & Inspection, HR- Recruiting, Screening, Training and Development. He has organized different seminars and workshops for senior Pakistani bankers worldwide including USA, Great Britain, Ireland, Turkey and Philippine. Conducting training programs for various banks and financial institutions locally and overseas. Also served National Institute of Banking and Finance, Islamabad as Director, Academics and Finance.

He retired as Principal/Senior Training Manager, North, United Bank Limited Staff College, Islamabad. He holds  Master Degree in Commerce from Hailey College of Commerce, University of Punjab, Pakistan and  is also Associate Member of Institute of Bankers in Pakistan.