Banking audit. Organization of an internal control system in a bank (the most important)

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Banking audit. Organization of an internal control system in a bank (the most important)

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10. Organization of the internal control system in the bank

The Bank organizes internal control taking into account recommendations on the organization of internal control over the risks of banking activities. The internal control system is organized by the bank's management bodies authorized by the bank's founding documents. In order to monitor the process of functioning of the internal control system, identify and analyze problems associated with its functioning, as well as develop proposals for improving the system and increasing the efficiency of its functioning, an internal control service is being created in banks.

The Internal Control Service operates on the basis of the Bank's Charter and the Regulation on the Internal Control Service approved by the Board of Directors of the bank, which must meet the requirements of the Regulation on the Internal Control Service. The number of the internal control service is determined by the head of the bank; it should be sufficient to effectively achieve the goals and solve the problems of internal control. Head of Internal Control Service. The head of the internal control service is appointed and dismissed by the bank's management body authorized by the bank's constituent documents. The procedure for appointing and dismissing the head of the internal control service should ensure that he and the internal control service perform the functions specified by this Regulation and internal documents of the bank from the executive body of the bank.

In banks, the amount of own funds (capital) of which as of January 5 of the reporting year is an amount equivalent to less than 5 million euros, other divisions of the bank may be functionally subordinated to the head of the internal control service. Compliance with the requirements of internal control by these subdivisions is checked by the internal control service of the bank. In banks, the amount of own funds (capital) of which as of January XNUMX of the reporting year is an amount equivalent to XNUMX million euros or more, other divisions of the bank cannot be simultaneously subordinate to the head of the internal control service.

Regardless of the size of the bank’s own funds (capital), the head of the internal control service cannot sign payment (settlement) and accounting documents on behalf of the bank, as well as other documents in accordance with which the bank assumes risks, as well as endorse such documents (except for issues relating to the direct competence of the internal control service, in accordance with the requirements of the regulation on the internal control service and internal documents of the bank). In the event that the internal control service is functionally subordinate to one of the heads of the bank, the specified head is considered as the head of the internal control service.

The internal control service is accountable in its activities to the bank's management bodies in accordance with the bank's constituent documents and the bank's regulation on the internal control service. The procedure for submitting and reviewing the report of the internal control service is determined by the bank's regulation on the internal control service.

Author: Shevchuk D.A.

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