RBI ask banks to align internal audit function with global best practices
RBI said while the guidance note lays out the basic approach for RBIA functions, banks are expected to re-orient their approach, in line with the evolving best practices, as a part of their overall Governance and Internal Control framework. PTI January 07, 2021 / 09:42 PM IST
The RBI on Thursday asked banks to align their internal audit function with international best practices, like those issued by the Basel Committee on Banking Supervision (BCBS).
As per a 2002 guidance note, banks are required to put in place a risk based internal audit (RBIA) system as part of their internal control framework that relies on a well-defined policy for internal audit, functional independence with sufficient standing and authority within the bank, among others.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
FirstCash Adds Paula Garrett to the Board of Directors
FirstCash, Inc.December 28, 2020 GMT
FORT WORTH, Texas, Dec. 28, 2020 (GLOBE NEWSWIRE) FirstCash, Inc. (the “Company”) (Nasdaq: FCFS), the leading international operator of over 2,750 retail pawn stores in the U.S. and Latin America, today announced the appointment of Paula K. Garrett to the Board of Directors, effective January 1, 2021.
Ms. Garrett serves as the vice president of finance, operations and information system technology for the Latin America region of Mary Kay, Inc., a position she has held since 2005. In this role, she leads the financial, operational, technology and other market development functions for all of Mary Kay’s Latin America markets, which include Mexico, Brazil, Argentina, Uruguay, Colombia & Peru. Mary Kay is a multibillion-dollar direct selling beauty company with millions of independent sales
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Moscow - At its meeting today the Board of Directors of PhosAgro, based on a proposal by its Audit Committee, approved the appointment of PricewaterhouseCoopers ( PwC ) as PhosAgro s IFRS auditor and recommended that PhosAgro s CEO sign a contract with the new auditor. Following its appointment, PwC will conduct its first IFRS audit of the Company s financial statements for the financial year ended 31 December 2021.
PhosAgro CEO and Board of Directors member Andrey Guryev said: We have worked with KPMG for nearly 15 years and are very happy with the robust audit process and productive relationship we developed during that time. During their tenure as PhosAgro s IFRS auditors the KPMG team developed an excellent understanding of our business and have always demonstrated the highest degree of professionalism.
OJSC PhosAgro: Board of Directors Approves Change of IFRS Auditor
DJ Board of Directors Approves Change of IFRS Auditor
OJSC PhosAgro (PHOR)
Board of Directors Approves Change of IFRS Auditor
18-Dec-2020 / 19:25 MSK
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The issuer is solely responsible for the content of this announcement.
For Immediate Release 18 December 2020
Board of Directors Approves Change of IFRS Auditor
Moscow - At its meeting today the Board of Directors of PhosAgro, based on a proposal by its Audit Committee, approved the appointment of PricewaterhouseCoopers ( PwC ) as PhosAgro s IFRS auditor and recommended that PhosAgro s CEO sign a contract with the new auditor. Following its