Internal Audit
Driving Trust and Excellence
At Bank One, Internal Audit is more than a compliance function—it is your strategic partner in strengthening corporate governance, risk management, and internal controls. Guided by Bank One’s core values, our team operates as one, integrating risk-based and IT audit expertise to provide meaningful insights and proactive solutions.
With over 40 years of collective audit experience and 45 years in banking, our multi-skilled auditors hold globally recognized certifications, including CIA, CISA, CRMA, ACA, and ACCA, as well as specialized IT qualifications. Each member of our IT Audit team has hands-on IT experience, ensuring a deep understanding of technology from both operational and audit perspectives.
Advisors to Management. Assurance Providers to the Board.
A strong internal control system is fundamental to corporate governance. At Bank One, our Internal Audit function delivers independent assurance to the Board Audit Committee and senior management, ensuring that risk management, governance, and internal controls align with industry best practices.
As the third line of defense, we safeguard the interests of customers, employees, and shareholders. Beyond providing assurance, we drive continuous improvement, enabling the Bank to meet its strategic objectives while fostering innovation.
Our independence is reinforced by Section 40 (4) of the Mauritius Banking Act 2004, with direct functional reporting to the Board Audit Committee. The Head of Internal Audit attends quarterly Audit Committee meetings and has direct, unrestricted access to its Chair and members, ensuring transparency and accountability.
Bank One Internal Audit follows the Institute of Internal Auditors’ (IIA) International Professional Practices Framework (IPPF) and upholds the highest standards of ethics and governance. Our strategy integrates both assurance and advisory functions, delivering best-in-class service through a dynamic and risk-based approach.
Agile Audit Planning: The annual audit plan, approved and reviewed by the Audit Committee, is continuously refined to align with strategic priorities. The Head of Internal Audit proactively assesses emerging risks to keep the Bank ahead of potential challenges.
Technology-Driven Insights: We embed data analytics and profiling into the audit process to enhance risk identification and decision-making.
Continuous Improvement: Through structured training, technology adoption, and stakeholder feedback, we ensure that our methodologies remain cutting-edge.
Strategic Advisory Role: Internal Audit acts as a key advisor on projects, supporting risk mitigation from the outset.
At Bank One, Internal Audit is not just about oversight—it’s about building resilience, enhancing trust, and empowering the future.