A series of publicly disclosed accounting, risk management, and internal control problems at financial institutions has made federal bank regulators increasingly critical of bank internal audit ...

The Reserve Bank of India had sounded the alarm over the ineffectiveness of IndusInd Bank’s internal audit department (IAD) as early as 2022-23, but it was disregarded by the management, sources said.

However, IA should be conducted by a chartered accountant or a cost accountant although the internal auditor need not be a firm of chartered accountants or cost accountants. While section 138 does not ...

An internal audit at the Central Bank found nearly 30% of key projects were going over budget with some getting bogged down in over-complicated bureaucracy. The report said that of 28 key projects, ...

This event will provide participants with valuable insights into the regulator’s expectations of Boards, Audit Committees and internal auditors, as well as their collective contribution to maintaining ...

A semi-annual or annual internal audit allows you to gauge the effectiveness of your business's internal control system. Unlike an external audit, which focuses on determining whether financial ...

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is ...

The seminar, organized by the PRMM team of the World Bank in collaboration with CONACI –The National Council for Internal Control, has the following objectives: (i) disseminate the results of Internal ...

WASHINGTON, December 16, 2020—The World Bank Group today issued the following statement on data corrections to the Doing Business report and findings of an internal audit of data integrity in the ...