Internal Audit

Internal audit plays a crucial function in KB PRASAC Bank Plc. for helping to ensure the effectiveness of the operations, risk management, and compliance with regulations. It is responsible for evaluating and improving the bank’s internal controls, risk management processes, and governance structures.

The clear roles and responsibilities of Internal Audit is to provide the independent appraisals on the adequacy, efficiency and effectiveness of the internal control systems implemented by management and to ensure the compliance with the Prakas on the internal control of bank and financial institutions as well as compliance to the International Standards for the Professional Practice of Internal Auditing and Laws.