Enterprise Risk Management (ERM)

Abstract

Included in this work: a theoretical approach of internal audit explaining definition of internal audit and professional practice framework (PPF) and auditing standards and rules of conduct. We also analyzed the internal audit and audit committee, and the organization of internal audit and the methodology used for the audits. In the second part we analyse the risk management (enterprise risk management) and we describe how the audit is being conducted in the banks. In the third part we present in any bank foundation a specialized inspection program with attached work sheets and tools using the controllers and methods of preparation internal audit report. We set conclusions from the analysis of the findings of the internal audit manager. The annex lists international standards of internal audit and presents a model of self-assessment package for one bank.