MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is set to require trust entities to regularly conduct an internal audit to assess their respective operational management, risk management, ...

https://www.thehindubusinessline.com/money-and-banking/rbi-issues-guidelines-on-risk-based-internal-audit-for-nbfcs-ucbs/article33738044.ece Copy The Reserve Bank of ...

The Reserve Bank of India (RBI) has asked banks to ensure that the internal audit function has sufficient authority, stature, independence and resources within the bank to enable internal auditors to ...

Mumbai, Jan 7 () The RBI on Thursday asked banks to align their internal audit function with international best practices, like those issued by the Basel Committee on Banking Supervision (BCBS).

The role and significance of an internal audit, unlike a statutory audit, has not received the attention that it deserved in the debates and reforms that followed cases of corporate collapses in India ...

Alan Simpson CA looks at the types of outsourcing arrangements often used and reviews the pros and cons of outsourcing internal audit. Traditionally, internal audit work was undertaken mainly by ...

Thirty-eight percent of organizations are turning to outside services to supplement the efforts of their internal audit function, according to a new survey of chief audit executives. A new report from ...

The UK’s Financial Reporting Council (FRC), the regulatory watchdog for the accounting industry, has set a deadline of June 2024 for the Big Four accounting firms to separate audit practices from the ...

The University of New Orleans failed to maintain an effective internal audit function and did not fully comply with financial reporting standards, according to a recent audit conducted as part of the ...

The UK’s National Audit Office, the United States’ Government Accountability Office and France’s Cour des comptes may all have different names, but as Supreme Audit Institutions (SAIs), they carry out ...