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?
Written in simple and clear language using appropriate flowcharts and diagrams
Focuses on practical aspects of internal audit system in banks
Explains the evolution of the banking sector from traditional to modern
Explains laws governing the banking sector in India
Provides practical guidance on auditing each areas of banking operations and the assets and liabilities based on risk
Serves as a guide to auditors, students, academicians and bankers to understand and apply the risk-based internal audit concept in banks