Research on Internal Audit at Bao Viet Bank

Internal audit (IA) is an important part of the system of economic management tools for businesses in general and commercial banks in particular. The specific nature of banking business activities has many potential high risks, so building a strong internal control system is an urgent task to control risks. IA is an indispensable part, the third layer of protection, the final control point of an internal control system to help prevent and limit risks. For banks to operate safely and effectively, commercial banks in general and Bao Viet Joint Stock Commercial Bank (BVB) are required to perfect the organization and operations of IA. The following article will present research on the current status of IA activities at BVB and then propose solutions to improve IA at this bank.