Internal Audit and Assurance of Asset Recovery and Asset Management Functions

Course overview

Asset recovery agencies handle sensitive cases, valuable property and large sums of money, which makes them a priority for internal audit. Yet many internal auditors have never been taught how recovery operations work or where their risks lie. This asset recovery internal audit course gives auditors the specialised knowledge to plan and deliver assurance over the whole recovery chain.

Participants learn the recovery lifecycle from intelligence and tracing through restraint, custody, forfeiture, disposal and use of funds, and map the risks at each stage: case selection bias, leakage of sensitive information, weak exhibit handling, valuation manipulation, disposal fraud and misuse of recovered funds. They then design risk-based audit plans and programmes, test controls through case file reviews, physical verification and data analytics, and assess the governance of case decisions without interfering in prosecutorial independence. Reporting to audit committees and agency heads completes the week.

Participants leave able to give independent, risk-focused assurance over asset recovery and asset management functions.

What you will be able to do

• Describe the asset recovery lifecycle and its key controls
• Map risks across tracing, seizure, custody, disposal and fund use
• Prepare a risk-based audit plan for an asset recovery body
• Test controls using case reviews, physical verification and analytics
• Audit case governance while respecting prosecutorial independence
• Report assurance results to audit committees

Who should attend

For internal auditors and assurance staff who audit asset recovery agencies, prosecution services, police property units or asset management offices.

• Internal auditors
• Heads of internal audit
• Inspectors general
• Supreme audit institution auditors
• Audit committee members
• Risk officers

Course outline

Fees are per participant in US dollars and cover tuition, course materials and your certificate. Travel and accommodation are not included.