عنوان مقاله [English]
نویسندگان [English]چکیده [English]
Internal audit is a process affected by an entity âs board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting and compliance.
This definition reflects certain fundamental concepts. Internal control is:
â¢ Geared to achievement of objectives in one or more categories operations, reporting, and compliance
â¢ A process consisting of ongoing tasks and activities- a means to an end, not an end in itself
â¢ Effected by people- not merely about policy and procedure manuals, systemsâ and forms, but about people and the actions they take at every level of an organization to affect internal control
â¢ Adaptable to the entity structure flexible in application for the entire entity or for a particular subsidiary, division, operating unit. Or business process
Regarding to the Basel committee enforces that whole activities of financial organizations should be covered by internal audit.
Also, as necessity of Securities& Exchange Organization due to corporate governance and internal audit regarding to protect stockholders benefits makes it as an inseparable part of financial organizations at this period of time.
the necessity of internal audit includes all type of banks such as traditional, electronic and virtual banks.
This paper explain about internal controls in E-banks and E-credit financial institutes.