As the size and complexity of financial institutions have increased, so have the challenges of understanding and reducing risks down to truly manageable levels by implementing internal controls. An effective Internal Audit function is the vital component that independently and objectively evaluates the risk management and assesses the adequacy, appropriateness and effectiveness of controls and compliance with the Bank’s systems and procedures. Executed properly, improvements in Internal Audit Function can lead to substantial financial, reputational and regulatory benefits – all this adds to increased profitability, greater financial stability and improved customer satisfaction.
With this regard, NBI is pleased to announce the program on 'Risk Based Internal Audit' that will enable the participants to understand RBIA in all its facets as well as design a road-map on how to implement an RBIA structure in practice in banking organizations.
