Effective internal control practices in banks : a practitioner's aid

• Main Author: Velez, Sophia Beckett (Author)
• Format: Electronic eBook
• Language: English
• Published: Bingley, U.K. : Emerald Publishing Limited, 2025.
• Subjects: Bank management.; elektronické knihy; electronic books
• ISBN: 9781836629740
• DOI: 10.1108/9781836629726
• Physical Description: 1 online resource (194 pages)

In the wake of numerous global banking scandals and regulatory failures, governments and banking regulators around the world have introduced stringent internal control laws within their financial institutions to safeguard against fraud, financial misreporting, and systemic failures. Effective Intern...

Table of Contents:

• Part 1. Lack of effective internal controls in banks and significant financial institutions (sifis)
• Chapter 1. Banks and sifis failure to implement effective internal controls
• Chapter 2. Significant losses incurred by large banks and sifis due to internal control weaknesses
• Chapter 3. Global economic limpact due to weak controls in banking and financial services
• Chapter 4. Sarbanes oxley 2002 (sox) and control environment
• Part 2. Government sox regulations of banks and sifis control environment
• Chapter 5. Importance of effective internal control to company's control environment
• Chapter 6. Challenges to the effective implementation of sox requirements
• Chapter 7. Regulators, auditors, and process owners failures in sox certification process
• Chapter 8. Internal control framework (preventive, detective, monitoring, automated) design
• Part 3. Bank leadership consensus on designing effective control environment
• Chapter 9. Systems and the automated control environment
• Chapter 10. Risk identification and communication
• Chapter 11. Timely reporting and escalation
• Chapter 12. Internal control effective practices.