Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Principles and Practice of Internal Auditing in the Banking Industry

Principles and Practice of Internal Auditing in the Banking Industry

Orumwense, Jones

Paperback

Accounting

ISBN10: 3659356263
ISBN13: 9783659356261
Publisher: Lap Lambert Academic Pub
Published: Feb 26 2013
Pages: 240
Weight: 0.79
Height: 0.55 Width: 6.00 Depth: 9.00
Language: English
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.

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