A Practice Guide from the IIA – 2. Edition
Stability within the banking sector is crucial to preserve the trust that underpins a well-functioning economy. Government legislators and regulators globally have incorporated the Basel Framework, a composite of recommendations created after the 2007–09 financial crisis, into regulations for financial institutions.
Internal auditors working in financial services should understand the international standards and principles of capital adequacy that apply to their jurisdictions. This guide, updated from the original version released in 2018, explores internal audit’s role in evaluating the capital planning and management process.