transbank

The Internal Audit Department of the Transport and Development Bank operates independently of Executive Management and reports directly to the Audit Committee of the Board of Directors, in accordance with the Company Law and the Banking Law of Mongolia.

Internal audit activities are carried out in accordance with the International Standards of Internal Audit approved by the International Institute of Internal Auditors (IIA).

Core Functions and Reporting Structure of Internal Audit

The Internal Audit Department provides advisory services to ensure the effective implementation of the bank’s internal control system, risk management framework, and governance principles. Its approach is independent and objective, aimed at achieving the bank’s goals, enhancing operational efficiency, and delivering value to both the bank and its customers.