Introduction As generative artificial intelligence (GenAI) and large language models (LLM) rapidly penetrate corporate ...

Inspections are, however, not designed to review all aspects and identify all weaknesses in the governance framework system of internal control, or audit risk assessment framework ... paid by the ...

In an era of increasingly sophisticated financial crimes and evolving regulatory, compliance, and internal audit needs, ...

IndusInd Bank on Tuesday, April 22, refuted media reports that stated that the private sector lender has roped in EY to conduct another audit, to probe Rs. 600 crorr discrepancy in microfinance ...

In the ever-evolving financial landscape, artificial intelligence (AI) is reshaping credit risk assessment, offering enhanced accuracy, efficiency, and cost reductions. Sahini Dyapa, an expert in ...

Internal audit departments can effectively manage arising risks while capitalizing on the capabilities of AI and data ...

Unlock a New Era of Customer Risk Assessment - Legacy customer risk rating (CRR) models—built on static KYC data and ...

"These changes will provide a more accurate assessment of unexpected ... used to mitigate credit risk. The NBU noted that implementation of the updated requirements will be gradual. Banks will be ...

Lowering inherent risk often involves reevaluating existing internal controls and ... Based on their assessment, an auditor regards each audit area as either low, medium, or high in inherent ...