THEORETICAL ASPECTS OF INTERNAL AUDIT IN THE BANKING SYSTEM OF THE REPUBLIC OF KAZAKHSTAN
The current economic, political and social conditions have a great influence on the business of credit institutions, their strategy, the level of risks which they take. New risks and threats faced by credit institutions require from owners and management to revise risk management approaches, internal control systems, and corporate governance. This article discusses the theoretical aspects of internal audit in the banking activities of secondtier banks of the Republic of Kazakhstan.