By Toh Han Shih ( January 18, 2016, 09:30 GMT | Insight) -- The China Banking Regulatory Commission, or CBRC, is amending its guidelines on internal audits of commercial banks in China, with the aim of raising them to international standards. The main thrust of the amendments is to strengthen the independence of internal audits, clarify audit processes, regulate external subcontracting of audit work, clarify the evaluation methods in the supervision work and improve the structure of the internal audit department.The China Banking Regulatory Commission, or CBRC, is amending its guidelines on internal audits of commercial banks in China, with the aim of raising them to international standards. ...
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