It presented a report titled ‘Review Paper of Internal Control and Compliance of Banks 2017’ at a workshop in Dhaka on Thursday.
“Under current framework, internal control system of banks will not improve rather it may deteriorate,” the report says.
There remains a concern among the heads of internal audit departments of the banks that they will not be appropriately evaluated by the audit committee boards if they report to the board directly, bypassing inter control and compliance department heads, according to the report.
“Sometimes it is not possible for the head of the audit to explain a sensitive matter to the ACB, which is rather convenient for the head of internal control and compliance department or ICCD because of his or her senior position.
“Besides, in most of…
