ISO 4217: Currency Codes and Auditing in Digital Payment Systems

Course Overview:

This course will provide an in-depth understanding of ISO 4217 currency codes, their role in global finance, and how they are integrated into digital payment systems. It will also cover the auditing process within these systems to ensure compliance, security, and accurate transactions.

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Course Objectives:

• Understand the ISO 4217 standard and its importance in global transactions.
• Learn how currency codes are used in various digital payment systems.
• Gain knowledge on auditing techniques for digital payment systems.
• Explore the impact of ISO 4217 and auditing on transaction security and financial reporting.

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Introduction to ISO 4217 and Currency Codes

Content:

• Overview of ISO 4217 standard and its history.
• Understanding the structure of currency codes (Alpha-3, Numeric, and Currency symbols).
• Key features and purpose of currency codes in international transactions.
• How currency codes are assigned and updated.
• Examples of commonly used currency codes and their application in the global economy.

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Currency Codes in Digital Payment Systems

Content:

• Integration of ISO 4217 currency codes in digital payment systems.
• Role of currency codes in e-commerce, banking, and mobile payments.
• The importance of accurate currency code usage in cross-border payments.
• Challenges and issues in currency code standardization for digital platforms.
• Case studies of real-world applications (e.g., PayPal, SWIFT, cryptocurrency exchanges).

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Auditing in Digital Payment Systems

Content:

• Introduction to auditing digital payment systems.
• Key concepts in auditing: compliance, security, and financial integrity.
• Tools and techniques for auditing digital transactions.
• Risks and vulnerabilities in digital payment systems and how auditing can address them.
• Regulatory standards and frameworks for auditing digital payments.

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Practical Applications and Best Practices

Content:

• Conducting a simple audit of a digital payment system using ISO 4217.
• Common audit pitfalls and how to avoid them.
• Role of currency codes in enhancing transparency and accountability in transactions.
• Best practices for maintaining the accuracy and security of digital payments.
• Future trends in digital payment auditing and the role of emerging technologies.

DATE:
1ST BATCH: 6th – 9th May, 2025
2ND BATCH: 18th – 21th Nov, 2025