Promoting Inclusive Markets and Financial Systems
Internal Audit Activity Guide for Boards of Directors of Microfinance Institutions
The Internal Audit Guide for Boards of Directors of Microfinance Institutions provides an overview of the roles and responsibilities of the board of directors with respect to an institution's internal audit process. The publication has been developed specifically for microfinance institution (MFI) board directors and Internal Audit Committee members. It offers practical guidance on how the Board Audit Committee can fulfill its fiduciary and governance responsibilities. The tools and systems explored in this Guide are a means to institutionalize the internal audit function of an MFI board so that it is not dependent on the general manager or other key board members to drive this process. MFI managers and owners (including internaitonal NGOs and networks that own or operate MFIs) can also benefit from the use of these materials.