• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, June 4, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Internal Auditors Boost Capacity On Financial Reporting

by Olushola Bello
10 months ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

In a bid to consolidate its mandate at ensuring continuous upskilling and capacity development of the Internal Audit function, the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) in collaboration with the Financial Institutions Training Centre (FITC) trained bank auditors.

Advertisement

ACAEBIN recently held a two-day training for Internal Audit staff on Internal Control Over Financial Reporting. The event which had in attendance 70 Internal Auditors, drawn from 41 member-banks was aimed at equipping the Internal Auditors with the knowledge and competence to assess the effectiveness of internal controls, risks-based internal audit, regulatory requirement and the Committee of Sponsoring Organisations (COSO) framework and integrate such knowledge and experience into working collaboratively with others to ensure that their organisations provide accurate financial reporting.

It also sought to identify the components of Internal Control over Financial Reporting (ICFR) and their significance in protecting the integrity of financial statements, recognize regulatory requirements governing Internal Control over Financial Reporting (ICFR) and their implications for organisations and explain COSO framework and its role in establishing robust internal control systems while appreciating the roles and responsibilities of key stakeholders in the implementation, evaluation and assessment of ICFR.

The chairman of the Association, Prince Akamadu, stated that ACAEBIN is committed to training and raising a generation of Internal Auditors that has the capacity to meet the challenges of the audit profession.
Akamadu noted that the theme of the training is very apt as such, the Association deemed it fit to ensure that Auditors have the requisite skill set to audit processes.

Also, the second vice chairman of ACAEBIN and the sub-committee chairman on Emerging Issues, Mogbitse Atsagbede noted that capacity development is at the core of the Association’s mandate and that such training is usually bankrolled by the Association at no cost to the banks.

RELATED

Wema Bank Wins ‘Commercial Bank Of The Year’ At 2025 NCMC Awards

Wema Bank Wins ‘Commercial Bank Of The Year’ At 2025 NCMC Awards

12 hours ago
Adedeji Assumes Office, Promises 18% Tax-to-GDP Ratio

FIRS Entering New Era Of Excellence, Trust — Adedeji 

14 hours ago

Mogbitse urged the participants to take the training seriously and make best use of the opportunity.

The first vice chairman of the Association, Aina Amah urged the participants to endeavour to organise in-house sessions in their respective banks to share the knowledge they acquired with their colleagues.

The Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) is a not-for-profit sub-committee of the Bankers’ Committee, committed to sustaining high ethical values, promoting competence and professional behaviour of members. It also fosters interbank cooperation and collaborates with the Law Enforcement Agencies and other stakeholders in the banking industry in the fight against banking fraud.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN)
SendShareTweetShare
Previous Post

Electricity: Japanese Agency Strengthens Nigeria’s Transmission With $500m Investment

Next Post

Capital Breach: Fitch Downgrades Union Bank’s Ratings

Olushola Bello

Olushola Bello

You May Like

Wema Bank Wins ‘Commercial Bank Of The Year’ At 2025 NCMC Awards
Business

Wema Bank Wins ‘Commercial Bank Of The Year’ At 2025 NCMC Awards

2025/06/03
Adedeji Assumes Office, Promises 18% Tax-to-GDP Ratio
Business

FIRS Entering New Era Of Excellence, Trust — Adedeji 

2025/06/03
CBN Grants RoutePay Licence To Provide Digital Payment Solutions
Business

1,500 Bureau De Change To Shut Down As Recapitalisation Deadline Elapses

2025/06/03
Key Infractions In NCDMB Governing Council Inauguration Exposed
Business

NCDMB Executive Secretary Appointed To APPO Board

2025/06/03
‘Involve Facility Managers In Design, Construction Phases’
Business

‘Involve Facility Managers In Design, Construction Phases’

2025/06/03
Sandtex Paints Strengthens Northern Nigeria Market Presence
Business

Sandtex Paints Strengthens Northern Nigeria Market Presence

2025/06/03
Leadership Conference advertisement

LATEST

Africa Must Leverage On Shared Values To Unite The Continent – Experts

Coalition: INEC Hindering Registration Of New Parties – Amaechi

APC G3 Hails Tinubu For Clearing Trapped Airlines’ Funds

Zulum Lauds Military Over Killing Of Top ISWAP Commander, Abu Fatima

Nasarawa Assembly Urges IGP, Kano Govt To Fish Out Killers Of DPO

President Tinubu And The Niger Delta: A Match Made In Heaven

Mokwa Flood: FG Blames Climate Change, Says Dams Not Responsible

Senator Bello Donates ₦50m To Support Niger Flood Victims

JUSUN Strike Stalls Senator Natasha’s Case

FG Unveils Nigerian Public Service Writing Style Manual To Standardise Official Communications

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.