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Challenges of internal audit in the financial control system of banks

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cris.sourceIdoai:irek.ase.md:123456789/2071
dc.creatorCiobu, Stela
dc.creatorCara, Ion
dc.date2022-05-04T11:20:04Z
dc.date2022-05-04T11:20:04Z
dc.date2022
dc.date.accessioned2023-11-13T10:18:56Z
dc.date.available2023-11-13T10:18:56Z
dc.descriptionCIOBU, Stela, CARA, Ion. Challenges of internal audit in the financial control system of banks = Provocările auditului intern în cadrul sistemului de control financiar al băncilor. In: 30 years of economic reforms in the Republic of Moldova: economic progress via innovation and competitiveness [online]: The International Scientific Conference dedicated to the 30th Anniversary of the establishment of the Academy of Economic Studies of Moldova, September 24th-25th, 2021, Chisinau. Chișinău: ASEM, 2022, vol. 3, pp. 330-339. ISBN 978-9975-155-66-3.
dc.descriptionThe issue of determining the quality of internal audit in the financial control system of banks is extremely important in order to maintain financial stability. Internal audit was not effective in many cases, mainly because of the combination of three factors: gradual audits, lack of understanding of the bank’s activity and inadequate followup of problems. The fragmented audit resulted from the structuring of the internal audit programs as a series of separate commitments on some activities within the same department or within the bank. Therefore, the introduction of information technology systems and technologies is important for improving the organizational methodology and audit at the current stage of its development. It is also noted that the quality of audit controls depends directly on the training of staff and the improvement of their skills. The research methodology is based on secondary data, including the observation method, the synthetic method, the comparative analysis, the induction and the deduction. The purpose of this article is to explore the quality and independence of internal control and audit in times of crisis and its resolution by improving the financial control system of banks. Following the study, the challenges of internal audit within the banks’ financial control system were identified, and solutions were proposed. At the same time, it was concluded that increasing the importance of financial control and audit have a major impact on the stability of banks. DOI: https://doi.org/10.53486/9789975155663.43; CZU: 336.71.078.3:657.6; JEL: M40, G01, G21, G32.
dc.formatapplication/pdf
dc.identifier978-9975-155-66-3
dc.identifierhttps://irek.ase.md:443/xmlui/handle/123456789/2071
dc.identifier.urihttps://cris.ase.md/handle/123456789/2887
dc.languageother
dc.publisherASEM
dc.subjectinternal audit
dc.subjectfinancial control system
dc.subjectfinancial stability
dc.subjectbanking system
dc.titleChallenges of internal audit in the financial control system of banks
dc.titleProvocările auditului intern în cadrul sistemului de control financiar al băncilor
dc.typeArticle
dspace.entity.typePublication
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