DIRECTIONS FOR IMPROVING INTERNAL AUDIT IN COMMERCIAL BANKS
DOI:
https://doi.org/10.47390/SCP1342V3I8Y2023N10Keywords:
internal auditing, commercial banks, risk assessment, technology integration.Abstract
This study investigates internal auditing in commercial banks and offers recommendations for improvement. It emphasizes the importance of internal audits in regulatory compliance, asset protection, and performance enhancement. Key challenges include governance, risk assessment, technology integration, and continuous training. Recommendations include active board participation, improved risk assessment, technology integration, and continuous training programs. Overall, a strong internal audit function is crucial for operational excellence and stakeholder trust.
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