Internal Audit and Control Systems for SACCOs
This five-day seminar organized by Excellent Operations Consultancy provides comprehensive training on internal audit practices and control systems essential for the sound governance of SACCOs. The program empowers Audit and Risk Management Committee members to identify, assess, and mitigate financial and operational risks while promoting transparency, accountability, and compliance.
Participants will explore key areas including internal controls, audit planning and execution, fraud detection, risk management frameworks, and effective reporting to the Board. The sessions will combine theory, practical case studies, and interactive discussions led by experienced facilitators with extensive knowledge of SACCO operations and regulatory requirements.
What to Expect
By the end of the seminar, participants will:
- Understand the role and responsibilities of the Audit and Risk Management Committee.
- Develop and evaluate internal control systems suited to SACCO environments.
- Apply modern internal audit techniques for operational efficiency and compliance.
- Identify and manage financial, operational, and compliance risks effectively.
- Strengthen reporting mechanisms for accountability and transparency.
- Gain insights into fraud prevention, detection, and corrective measures.
- Benchmark against best practices and SASRA requirements for internal audits.
