The Association of Chief Audit Executives of Banks in Nigeria has said that it is seeking to improve the quality of internal audit reports released in the country.

This was revealed by the chairman of the association, Prince Akamadu, at a two-day training for internal audit staff on Report Writing and Effective Communication Skills held in Lagos in conjunction with Platinum Edge Consulting, a training and consultancy firm.

Speaking at the training, Akamadu said, “One of the Association’s core objectives is to develop the capacity of the Internal Audit Function to meet global standards and help auditors to deliver more effectively and efficiently.

“Over the years, ACAEBIN has been passionate about developing the skill set of Chief Audit Executives and the Internal Auditors. This is one of the many ways the Association is adding value to the industry.”

The training had over 60 internal auditors from 42 member-banks including Development Financial Institutions in the country. It also provided participants with the opportunity to leverage Internal Audit Management Software in reporting processes, generate internal draft audit reports for auditee comments, produce final reports targeted at management, Board Audit Committee and Board meetings, track and manage audit incidents.

In his address, 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 trainings are usually bankrolled by the Association at no cost to the individual member banks.

“We are committed to promoting competence and professionalism in the industry. Our trainings and capacity development programmes are usually free and we do not compromise on quality. We have committed to organising at least two trainings for Internal Auditors and one for the CAEs (its members) every year,” Mogbitse said.

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