This webinar discusses the various components of a model audit, the conceptual areas of focus, associated risks and audit steps, industry best practices, and the communication of the audit findings.
Model audits are a good practice for anyone using a model to produce results from which any decisions will be made. In some instances, models audits are required via internal policy; in other instances, model audits are required by regulatory guidance.
Areas Covered in the seminar:
- The importance of an effective model audit program
- Brief discussion about the need for model audits
- Overview and background of model uses
- Description of various types of models
- Conceptual areas of a model audit
- How to effectively communicate the audit findings
Who will benefit:
This webinar will provide valuable assistance to all regulated companies that need to audit any model, modeling processes or procedures, model results, etc. Those that will most directly benefit will be internal auditors responsible for the function, external auditors that co-source the audit function, audit managers, audit committee members, board of directors members, and anyone who is accountable or responsible for this function.
- End-users responsible for models that need to be audited
- QA managers and personnel
- Information Technology managers and personnel
- Validation specialists
- Consultants
- Quality system auditors
Instructor Profile:
Deborah Donaldson, is President and CEO of Alpha-Numeric Consulting, LLC, a national consulting firm that specializes in audit program preparation, audit work, risk management, profitability, and continuing education in related areas. She is a nationally known speaker and educator, and regularly participates in webinars, seminars, roundtables, and industry forums. She is also a published author of both fiction and nonfiction. Ms. Donaldson has more than 18 years of experience, with concentrations in audit (investments, loans, deposits, trust, branch operations, IT, etc), risk management, and profitability. She is currently serving on the internal audit committee of the Financial Manager’s Society, and is a member of The Institute of Internal Auditors.
