Principles and Practice of Internal Auditing in the Banking Industry (Paperback) (ISBN-13: 9783659356261)

Internal Audit is a department, independent of line Management, whose prime responsibility is to review the quality and effectiveness of the controls within the Banks and mitigate risk and protect the assets of the Bank. In performing this work, internal audit provides recommendations and advice to management on matters requiring attention. Internal audit will normally produce an annual plan of work to be performed, concentrating on areas of higher risk. Structured timetables and work programs(e.g.audit programs)will be designed for each assignment. At the end review, an audit report will normally be prepared for senior management attention and action. ad-hoc assignments may also be performed at the request of senior management where problems or irregularities require further investigation. further, there are real advantages in ongoing internal audit involvement in major projects, including systems developments. In this way audit concern can be addressed up-front and action taken before the problem becomes too entrenched.

Author: Jones Orumwense
ISBN-10: 3659356263
ISBN-13: 9783659356261
Publisher: LAP Lambert Academic Publishing
Language: English
Published: 02/26/2013
Pages: 240
Format: Paperback
Weight: 0.79lbs
Size: 9.00h x 6.00w x 0.55d