Audit Readiness and Management of Audit Queries for Asset Recovery Institutions

Course overview

Qualified audit opinions and long lists of unresolved queries damage the credibility of asset recovery institutions and attract parliamentary scrutiny. Most findings are avoidable: missing documents, unreconciled balances, unclear treatment of seized assets and slow responses. This audit readiness course helps finance and operational staff prepare for audits and manage queries professionally.

Participants learn how external and internal audits of asset recovery institutions work, what auditors look for in seized, frozen and forfeited assets, and the common causes of adverse findings. They practise building an audit-ready year-end file, including reconciliations, registers, valuation support and case-to-accounts links. The course then covers handling the audit itself: planning meetings, responding to requests, writing clear responses to queries, escalating disagreements and agreeing management actions. Follow-up of prior-year findings and presenting to public accounts committees complete the week.

Participants leave able to prepare for audits, answer queries persuasively and reduce repeat findings.

What you will be able to do

• Explain how audits of asset recovery institutions are conducted
• Identify common causes of adverse findings
• Prepare a complete, audit-ready year-end file
• Respond to audit requests and queries clearly and on time
• Agree and track management actions on findings
• Present audit responses to oversight committees

Who should attend

For finance, operations and compliance staff in asset recovery and asset management institutions who prepare for and respond to audits.

• Finance officers
• Accounting officers and their staff
• Asset management office managers
• Compliance officers
• Records managers
• Internal auditors

Course outline

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