Current Project Risk Based Internal Audit System (RBIA)

Current Project Risk Based Internal Audit System (RBIA)

Project title: Consulting and Co-sourcing Services for Implementing Risk Based Internal Audit System (RBIA).

Problem: Regulator in the country has asked the banks to switch over to RBIA as against the traditional internal audit system.

Solution:

  • Formulation of RBIA policy and operational guidelines
  • Preparation of audit reports in the revised format (report and risk matrix templates)
  • Developing RBIA plan and MIS reports.
  • Review of audit reports in the revised format on an on-going basis
  • Coaching and mentoring the internal auditors

Client: One of the major private sector banks in Nepal
Duration: 6 months (project is in progress)