INTERNAL AUDITING IN SAVINGS AND CREDIT COOPERATIVE SOCIETIES

This book offers a comprehensive guide to internal auditing in savings and credit cooperative societies (SACCOs). It covers the definition and role of internal auditing, the objectives and types of internal audits in SACCOs, and the internal audit process. The book also introduces risk-based internal auditing, internal controls, fraud and forensic auditing, and best practices in internal auditing. It concludes with a discussion of the challenges and opportunities facing SACCOs in terms of internal auditing. The importance of internal auditing in SACCOs is emphasized, and guidance on future directions for internal auditing is provided. Appendices include a sample internal audit plan, an internal audit checklist, and a glossary of terms. This book is a valuable resource for SACCOs looking to improve their internal auditing processes and ensure compliance with regulatory and legal requirements.