Auditors to strengthen banks’ audit processes

The Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) has reaffirmed its commitment to strengthening internal audit processes and capacity within banks to enhance transparency, regulatory compliance, and public trust.

This was this highlight of the ACAEBIN’s 59th Quarterly General Meeting (QGM) held in Lagos, with the theme, “Building and Sustaining Trust in the Nigerian Banking Industry: The Role of Internal Auditors.”

ACAEBIN Chairman, Prince Akamadu, emphasized the increasingly critical role of internal auditors in promoting transparency, accountability, and strong corporate governance within the evolving banking landscape.

“As Chief Audit Executives, we are at the forefront of fostering and promoting trust. Our role goes beyond executing audits; we ensure transparency, accountability, and compliance within our institutions,” Akamadu stated.

He highlighted that the internal audit function is vital in managing risks and upholding the highest standards of corporate governance, which are essential for maintaining public trust.

To support its mission, ACAEBIN said it has been actively involved in developing the skills and competencies of internal auditors across the industry.