Internal Audit Principles for Finance Companies and Real Estate Refinance Companies

Release Tool:	Councils and commissions decisions
Validity:	Valid
Summary:	By AI The Saudi Central Bank issued the principles of internal auditing for financing and real estate refinancing companies, based on the Financing Companies Control Law. The principles include definitions and general provisions, the duties of the Council, the Audit Committee, and executive management, emphasizing the importance of independence and objectivity in internal auditing. The text addresses the responsibilities of business units in risk management and the role of internal audit management in...

Release Tool:

Councils and commissions decisions

Validity:

Valid

Summary:

By AI

The Saudi Central Bank issued the principles of internal auditing for financing and real estate refinancing companies, based on the Financing Companies Control Law. The principles include definitions and general provisions, the duties of the Council, the Audit Committee, and executive management, emphasizing the importance of independence and objectivity in internal auditing. The text addresses the responsibilities of business units in risk management and the role of internal audit management in...