Banking Internal Auditing in Europe

Banking Internal Auditing in Europe
Author: European Confederation of Institutes of Internal Auditing
Publisher: Erich Schmidt Verlag GmbH & Co KG
Total Pages: 164
Release: 2009
Genre: Auditing, Internal
ISBN: 9783503110377

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Common Body of Knowledge in Internal Auditing

Common Body of Knowledge in Internal Auditing
Author: Marco Allegrini
Publisher: Erich Schmidt Verlag GmbH & Co KG
Total Pages: 156
Release: 2009
Genre: Auditing, Internal
ISBN: 9783503110360

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The Role of Internal Audit in Corporate Governance in Europe

The Role of Internal Audit in Corporate Governance in Europe
Author: European Confederation of Institutes of Internal Auditing (ECIIA)
Publisher: Erich Schmidt Verlag GmbH & Co KG
Total Pages: 144
Release: 2007-03-12
Genre: Auditing, Internal
ISBN: 9783503100569

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Based on a survey between all national Institutes of Internal Auditing in Europe this book shows a widespread picture of European Corporate Governance activities and Internal Audit: - Specific questions regarding the current involvement of Internal Audit in Corporate Governance aspects; - the State of the art of Internal Audit: position, scope and quality management; - Focal points for improving the role of Internal Audit in Corporate Governance in Europe. All insights of the book are concentrated on European companies and offer European solutions for Internal Auditing. They are empirically founded and written in a clear and direct way for practical use. This is the first work for the European profession of Internal Audit that formulates eight focal points for improving the role of Internal Audit in Corporate Governance in Europe. The book shows how Internal Audit can fundamentally strengthen good Corporate Governance.

Bank Internal Auditing Manual

Bank Internal Auditing Manual
Author: Anthony Ciliberti
Publisher:
Total Pages:
Release: 1997-01-01
Genre:
ISBN: 9780791323243

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Meaning of the European Court of Auditors

Meaning of the European Court of Auditors
Author: Mario Palamara
Publisher: GRIN Verlag
Total Pages: 17
Release: 2011-05-25
Genre: Business & Economics
ISBN: 3640924444

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Seminar paper from the year 2010 in the subject Economics - Macro-economics, general, grade: 2,3, Cologne University of Applied Sciences, language: English, abstract: The European Union is comprised of seven institutions: the European Parliament, the European Council, the Council of the European Union, the European Commission, the Court of Justice of the European Union, the European Central Bank and the Court of Auditors. The latter is the last founded EU Institution and was established by the Treaty to carry out the audit of EU finances. “As the EU's external auditor it contributes to improving EU financial management and acts as the independent guardian of the financial interests of the citizens of the Union.” This term paper provides an insight into the work procedures of the Court of Auditors and its approach to audit EU ́s budgets according to the Annual Activity Report 2009. Moreover this paper points out the importance and achievements of the Court ́s work particularly on the basis of the special report No 6, 2009 about the “European Union food aid for derived persons”.

Annual Report on Internal Audits Carried Out in 2019

Annual Report on Internal Audits Carried Out in 2019
Author:
Publisher:
Total Pages:
Release: 2020
Genre:
ISBN: 9789276175674

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This report presents the internal audits conducted in 2019 by the Internal Audit Service of the European Commission in the Commission Directorates-General, services and executive agencies, and contains: (i) a summary of the number and type of internal audits carried out; (ii) a synthesis of the recommendations made; and (iii) the action taken on those recommendations. In accordance with Articles 118(8) and 247 of the Financial Regulation, the Commission forwards the report to the European Parliament and to the Council. It is based on the report drawn up in accordance with Article 118(4) of the Financial Regulation by the Commission's Internal Auditor on Internal Audit Service audits and consulting reports completed in 2019.

A Guide to Risk Based Internal Audit System in Banks

A Guide to Risk Based Internal Audit System in Banks
Author: CA Shiva Chaudhari
Publisher: Notion Press
Total Pages: 273
Release: 2017-08-23
Genre: Business & Economics
ISBN: 1947498657

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There are many literatures on banking, banking laws, internal audit system and their applications in the banking sector, with each book focusing on a specific area. A Guide to Risk-Based Internal Audit System in Banks covers everything about banks, their operations, business, compliances and areas to be covered in risk-based audits and audit processes, in the form of guidance. This book will help company managements to implement the internal audit system in banks and at the same time, it explains the role and responsibilities of internal auditors whether in-house or outsourced. Why this book? v Written in simple and clear language using appropriate flowcharts and diagrams v Focuses on practical aspects of internal audit system in banks v Explains the evolution of the banking sector from traditional to modern v Explains laws governing the banking sector in India v Provides practical guidance on auditing each areas of banking operations and the assets and liabilities based on risk v Serves as a guide to auditors, students, academicians and bankers to understand and apply the risk-based internal audit concept in banks

Globalization

Globalization
Author: Cristina Palfi
Publisher:
Total Pages: 11
Release: 2008
Genre:
ISBN:

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The recent evolution of Romanian banking system, profoundly marked by globalization, has increased the need of a prudential supervision in order to maintain stability and confidence in the financial system.Considering Romania's adherence to the European Union, the framework for both internal control system in credit institutions and their internal audit function needed to be revised taking into account all the requirements settled by the Basle Committee on Banking Supervision.Therefore, banks' internal control system had to be built on essential elements in order to ensure that the bank will comply with laws and regulations, will achieve long-term profitability, will maintain reliable financial and managerial reporting and will decrease the risk of unexpected losses or damage to the bank's reputation.In addition, the internal audit function, to assure its finality - the most effective co-operation between the supervisor, the internal auditor and the external auditor - had to be organised among certain principles.

External Audit Arrangements at Central Banks

External Audit Arrangements at Central Banks
Author: Mr.Atilla Arda
Publisher: International Monetary Fund
Total Pages: 42
Release: 2018-09-11
Genre: Business & Economics
ISBN: 1484376455

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This paper takes stock of external audit arrangements at central banks. Its focus is on the annual audit of central bank financial statements, as well as legal and institutional measures that support audit quality and independence. The paper outlines good practices in these areas and provides a summary of actual practices observed based on a review of audited financial statements and central bank legislation. While the audit frameworks for central banks differ depending on their legal and institutional circumstances, central banks’ external audits increasingly follow international standards. Most of them are audited by auditors with international affiliations and embrace modern governance structures that provide for audit oversight. However, the paper also notes that a sizeable number of central banks do not publish the audit results in a timely manner, which leaves room for improvement in transparency practices.

Implementing and Auditing the Internal Control System

Implementing and Auditing the Internal Control System
Author: D. Chorafas
Publisher: Springer
Total Pages: 384
Release: 2001-03-07
Genre: Business & Economics
ISBN: 0230597866

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With globalisation, deregulation and the advent of derivatives, credit institutions and the treasury operations of manufacturing, merchandising and service companies are finding that their traditional tools for management control no longer suffice. They must develop more efficient processes able to measure and monitor their risks in real-time. Internal control is a dynamic system covering all types of risk, addressing fraud, assuring transparency and making possible reliable financial reporting within such organisations. In Implementing and Auditing the Internal Control System , Dimitris N. Chorafas defines both auditing and internal control, and explains the value of internal control, why it must be audited, and how it can be most effectively achieved. He addresses top management's accountability for internal control, and uses case studies to demonstrate the application of such systems, and the importance of sound and well-informed analysis of the information gathered. Internal control systems are examined within the context of the globalization of financial markets, under the impact of the growth of information technology, and from the viewpoint of new regulations by supervisory authorities in Group of Ten countries as well as by the Basle Committee on Banking Supervision. Based on an extensive research project in the UK, US, Germany, France, Austria, Switzerland and Sweden, this book is an invaluable source of practical advice for implementing internal control systems, and making existing systems more efficient. It provides managers and professionals with guidelines for the interpretation and use of the resulting internal control intelligence.