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Internal Audit, Internal Control Systems in Finance Industry in the Changing Business Environment, Evidence From Turkey as an Emerging Economy: Banking Applications, Internal Systems

Internal Audit, Internal Control Systems in Finance Industry in the Changing Business Environment, Evidence From Turkey as an Emerging Economy: Banking Applications, Internal Systems

Fatih Kayhan
Copyright: © 2023 |Pages: 12
ISBN13: 9781668458761|ISBN10: 1668458764|ISBN13 Softcover: 9781668458778|EISBN13: 9781668458785
DOI: 10.4018/978-1-6684-5876-1.ch018
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MLA

Kayhan, Fatih. "Internal Audit, Internal Control Systems in Finance Industry in the Changing Business Environment, Evidence From Turkey as an Emerging Economy: Banking Applications, Internal Systems." Managing Inflation and Supply Chain Disruptions in the Global Economy, edited by Ulas Akkucuk, IGI Global, 2023, pp. 281-292. https://doi.org/10.4018/978-1-6684-5876-1.ch018

APA

Kayhan, F. (2023). Internal Audit, Internal Control Systems in Finance Industry in the Changing Business Environment, Evidence From Turkey as an Emerging Economy: Banking Applications, Internal Systems. In U. Akkucuk (Ed.), Managing Inflation and Supply Chain Disruptions in the Global Economy (pp. 281-292). IGI Global. https://doi.org/10.4018/978-1-6684-5876-1.ch018

Chicago

Kayhan, Fatih. "Internal Audit, Internal Control Systems in Finance Industry in the Changing Business Environment, Evidence From Turkey as an Emerging Economy: Banking Applications, Internal Systems." In Managing Inflation and Supply Chain Disruptions in the Global Economy, edited by Ulas Akkucuk, 281-292. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-5876-1.ch018

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Abstract

The purpose of this chapter is to review internal audit and internal control functions in the banking industry by taking into account the international COSO framework. The financial industry is regarded as one of the key elements of a stable economy. It is a well-known fact that financial institutions in general—banks in particular (public or private, foreign or local)—need to have a sound internal system to implement the high principle of ‘maker-checker-supervisor-auditor'. The study examines the application of internal systems in the Turkish banking industry primarily and covers not only the theory, application, and legislative sides, but also organizational structure and development of audit and control activity in the banking sector.

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