This book examines the interpretation of the risk-based approach (RBA) and its application across the banking industry. It explores the ways conflicting risk interpretation and deconstruction of money laundering risk have unintended consequences across the banking industry. Furthermore, it...

The report is mainly a descriptive and analytical outcome. The information of the report is mainly collected from financial statement of the BEXTEX. The analysis is comprised of five parts – external and internal environmental analysis, financial statements analysis, ratios and trends...

We examine whether internal auditing provides value to organizations by reducing risk. We compare the changes in risks between audited business units and matched non-audited units within the same company. This design allows us to isolate the importance of an internal audit while holding constant...