tailieunhanh - Internal audit in banks and the supervisor’s relationship with auditors: A survey

Strong internal control, including an internal audit function and an independent external audit, are part of sound corporate governance. In banks, these are also important for the safety and soundness of operations and can contribute to an efficient and constructive working relationship between bank management and banking supervisors. Appropriate communication between banking supervisors and banks’ internal and external auditors will improve the effectiveness of audits and supervision. 2. In August 2001 the Basel Committee on Banking Supervision issued its best practices paper “Internal audit in banks and the supervisor’s relationship with auditors” (the Internal Audit Paper), which highlights the important work of internal auditors in banking organisations and the. | Basel Committee on Banking Supervision Internal audit in banks and the supervisor s relationship with auditors A survey August 2002 BANK FOR INTERNATIONAL SETTLEMENTS Table of Contents The Key findings of the Internal Internal audit and Objectives and tasks of the internal audit Principles of internal Permanent function - Independence objectivity and Professional Scope of activity and the organisation of the internal audit Functioning of internal Working methods and types of Management of the internal audit The relationship of the supervisory authority with the internal audit department and with the external The relationship between the supervisory authority and the internal audit department . 8 The relationship between the internal auditors and the external The relationship between the supervisory authority and the external Cooperation among the supervisory authority the external auditors and the internal Outsourcing of internal Recent trends for internal audit in .