Responsibilities
Internal Audit / Group Internal Audit meets the commitments from banking act, § 42 and reports directly to the Board of Executive Directors and also quarterly to the chairman of the Board of Supervisory Directors.
Auditing problem definitions result from an audit program to be approved annually by the Board of Executive Directors.
Beside that, Internal Audit / Group Internal Audit was given a coordinating function in the OKB's risk management developing process to meet the requirements of Basel II.