Tell me about internal auditing in microfinance .

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Internal auditing in microfinance involves evaluating financial processes and controls within microfinance institutions to ensure compliance and efficiency.

Internal auditors in microfinance focus on assessing risks, evaluating internal controls, and ensuring compliance with regulations.
They review loan portfolios, assess credit risk management practices, and evaluate the effectiveness of internal controls.
Internal auditors also help in detecting and preventing fraud, ensuring accurate financial reporting, and improving operational efficiency.
They work closely with management to provide recommendations for improving processes and controls to mitigate risks and enhance performance.
Internal auditing in microfinance plays a crucial role in maintaining the trust of investors, donors, and regulators in the institution.

Tell me about internal auditing in microfinance .

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