The organization of audit department in Islamic banks and commercial banks the description and responsibilities of internal auditor

Ali Idiab Mohamed Idiab, Mohamad Sabri Haron, Shofian Ahmad

Research output: Contribution to journalArticle

Abstract

The auditing process in Islamic banks and commercial banks is supervised by a section called The Department of internal auditing. This department handles day to day audit functions of the bank to preserve its transactions from any errors, omissions or fraud. This can be achieved by strengthening the internal control systems in the bank. The department exercises its activities in all of additional sectors and departments within bank without exception. The accountant, actuary, bookkeeper and auditor are in charge of reviewing and examining all administrative and financial processes and operations, as well as, evaluating the control systems used by bank that are used to maintain efficiency and effectiveness in achieving the objectives of the bank. This employee must maintain a certain level of knowledge in accounting and auditing within (in addition to jurisprudence) Islamic banks. The auditor must be characterized by a set of personal qualities to perform within a high level of efficiency. The auditor has rights, duties and responsibilities. If each is efficiently achieved, it will increase his confidence in his job, which in turn, leaves him with opportunity for advancements and/or higher wages.

Original languageEnglish
Pages (from-to)584-589
Number of pages6
JournalAustralian Journal of Basic and Applied Sciences
Volume5
Issue number12
Publication statusPublished - Dec 2011

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Islamic financial institutions
Commercial banks
Responsibility
Auditors
Audit
Auditing
Accountants
Exercise
Internal auditing
Actuaries
Charge
Internal control system
Fraud
Wages
Confidence
Reviewing
Employees

Keywords

  • Department of internal audit in Islamic Banks and Commercial Banks Description and Responsibilities of Internal Auditor

ASJC Scopus subject areas

  • General

Cite this

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