Internal Audit Department

The Bank realised some time ago that there was a need to constantly monitor and improve the way it carries out its functions. While the Bank's Corporate Plan does this in a broad scale way, and also provides feedback from stakeholders and other interested people, there is a need for more consistent review of operations at the more detailed level.

This work is undertaken by the Internal Audit Department. The Department does not carry out traditional audits, "checking the books", which is done twice a year by the Bank's external auditor. It undertakes "management audits", checking procedures  and the way work is carried out to ensure that the Bank remians an efficient operation doing its work in the best possible way.