Second Session of the Internal Audit Commission
On the 21st of March 2018 the 2nd Session of the Internal Audit Commission was held.
At today's session of the Commission, there was a number of dilemmas regarding the application of the new regulation dealing with issues of transition period and the application of IFRS-9 and the Internal Audit mandate in banks, outsourcing, ICAAP implementation, application of information disclosure guidelines, dilemmas defining key functions in banks and the role of internal audit in applying the Risk Management Guide to Banks.
It was agreed to create queries for the dilemmas and instructions given to banking agencies.
There was a need for direct communication with the regulators and it was agreed to invite representatives of the banking agencies to the next meeting