01827cas a2200253 a 4500 AALejournalIMF018492 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484357965 1018-5941 BD-DhAAL BD-DhAAL Chamoun, Elie. Effectiveness of Internal Audit and Oversight at Central Banks : Safeguards Findings / Elie Chamoun, Riaan van Greuning. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Experience under the safeguards policy has shown that central banks continued to strengthen their safeguards frameworks, but that vulnerabilities prevailed in the areas of internal audit and oversight by the audit committee (AC). This paper takes steps to help unravel why this was the case, based on analysis of safeguards findings in these areas during the period April 2010 to December 2017 (covering 111 assessments at 64 central banks). Based on this analysis, it presents the key attributes that determine the effectiveness of internal audit and the AC. It also argues that, an effective internal audit function, coupled with strong oversight by a high-performing AC are key enablers of good governance. Mode of access: Internet van Greuning, Riaan. IMF Working Papers; Working Paper ; No. 2018/125 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/125/001.2018.issue-125-en.xml IMF e-Library