Operational Risk Auditing in Banks and a Study on Banks Operating in Turkey

Hakan Çelenk Yılmaz Ökdemir and Hakan Çelenk
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Hakan Çelenk Yılmaz Ökdemir: Marmara University
Hakan Çelenk: Grant Thornton-Audit

Journal of Finance Letters (Maliye ve Finans Yazıları), 2010, vol. 25, issue 87, 77-111

Abstract: Banks should undergo serious loss without limitation of time and place unlike the past at the present day. The impact of operational risk losses has been expanded by globalization, increasing competition, integrated and growing markets and increasing number of sophisticated products and services with each passing day. Concept of risk-focused auditing has been abandoned quickly, instead of the rules-based auditing concept in this process. Operational risk control has been emerged as a new concept in bank auditing. Research was coducted by obtaining the views of bank auditors to elucidate the controversial points of operational risk controls, detection of trends related to issue and as to whether the operational risk control provide benefit to the banks.

Keywords: Operational Risk; Audit; İnternal Auditing; Operational Risk Auditing (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:25:y:2010:i:87:p:77-111

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