Internal
audit is an independent appraisal activity to improve internal
control through examining and evaluating the adequacy and effectiveness
of data, reports, policies, and procedures.
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Pre-Audit activities
Planning
and executing detail audit assignments
Verification
of reports/returns submitted to the State Bank of Pakistan
Follow
up of recommendations by external auditors and State Bank of
Pakistan
Review
various revenue generating and support functions to introduce checks and controls on
an on-going basis
Supervise and carryout the compliance function as per guidelines
provided by the State Bank of Pakistan
Under the guidelines provided by the State
Bank of Pakistan, the Internal Audit function reports to the
Audit Committee
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