In line with the international standards of the Institute of Internal Auditors (IIA), the mandate of internal audit is particularly to give assurance to key stakeholders (Board, Audit Committee and Governor) on the control of risks to which the Bank is exposed. It aims to help the Bank achieve its objectives by assessing, in a systematic and methodical approach, its risk management processes, internal controls and corporate governance. To this end, it plans and conducts audits according to a risk-based approach and follows up on recommendations.
Since 2009, internal audit has been the subject of a quality assurance and improvement program based on internal and external assessments. External assessments are carried out by specialized firms, selected through calls for tenders or by peer central banks in line with the Bank's strategic cycle. Five assessments have been completed so far and have confirmed the internal audit's compliance with the International Standards for Professional Internal Auditing set by the Institute of Internal Auditors (IIA). The next external assessment is scheduled for 2022.