<\/p>\n
The assessment, conducted by IIA Quality Services, awarded the function a \u201cFully Achieves\u201d rating, the highest possible under the newly introduced Global Internal Audit Standards.<\/p>\n
<\/p>\n
The External Quality Assessment evaluated the effectiveness, independence and overall quality of the Bank\u2019s internal audit activities. The certification provides independent international validation of the function\u2019s performance.<\/p>\n
<\/p>\n
The review process, carried out at least every five years, forms part of the profession\u2019s quality assurance framework and ensures alignment with internationally recognised standards.<\/p>\n
<\/p>\n
The recognition reinforces the AfDB\u2019s commitment to strong governance, accountability and sound risk management practices. Bank Group Auditor General Maurice Goddard described the certification as a major milestone. \u201cAchieving a \u2018Fully Achieves\u2019 rating confirms the strength, independence and quality of our internal audit function,\u201d Goddard said.<\/p>\n
<\/p>\n
The Bank said the certification underscores its adherence to high standards in internal controls and oversight, while supporting broader institutional integrity.<\/p>\n
<\/p>\n
–AfDB\/ChannelAfrica–<\/p>\n
<\/p>\n","protected":false},"featured_media":38232,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-38231","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"The African Development Bank (AfDB) Group\u2019s Internal Audit Function has received the Global Quality Certification from the Institute of Internal Auditors (IIA), following the successful completion of an independent external review.","published_date":"","news_description":"The African Development Bank (AfDB) Group\u2019s Internal Audit Function has received the Global Quality Certification from the Institute of Internal Auditors (IIA), following the successful completion of an independent external review.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38231\/revisions"}],"predecessor-version":[{"id":38233,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38231\/revisions\/38233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/38232"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=38231"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=38231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}