145. The internal control framework of an institution should ensure: a. effective and efficient …

The internal control framework of an institution should ensure:

• a. effective and efficient operations;
• b. prudent conduct of business;
• c. adequate identification, measurement and mitigation of risks;
• d. the reliability of financial and non-financial information reported both internally and externally;
• e. sound administrative and accounting procedures; and
• f. compliance with laws, regulations, supervisory requirements and the institution ’ s internal policies, processes, rules and decisions.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/