The Increasing Role of Internal Audit in the Banking System in the Context of Expanding the Range of Financial Services
The Increasing Role of Internal Audit in the Banking System in the Context of Expanding the Range of Financial Services

Summary/Abstract: The growing role of banking audit in the modern economy is associated with the expansion of the range of tasks assigned to it, so the focus is on a wider range of tasks involving a deep analysis of all areas of banking activity on which the overall efficiency of a credit organization, its liquidity and financial stability depend. Taking into account the fact that currently in Kazakhstan more and more attention is paid to the problems of improving corporate governance in the banking sector, as well as problems of improving the functioning of the banking system, developing new methods of organizing internal control and auditing and maintaining audit traditions that are adequate to the new realities, conditions of an unstable financial system, it becomes especially relevant. This article discusses the role of internal audit in the banking activities of second-tier banks of the Republic of Kazakhstan, discusses organizational and methodological aspects of conducting an audit of credit operations on materials of JSC Development Bank ofKazakhstan, and offers a number of recommendations to improve and strengthen the role of audit of commercial bank credit operations.

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