INTEGRATED INDEX MODEL FOR THE COMPREHENSIVE ASSESSMENT OF INTERNAL AUDIT EFFECTIVENESS IN COMMERCIAL BANKS
DOI:
https://doi.org/10.5281/zenodo.21177766Abstract
The article proposes a multifactor integral index model for the comprehensive assessment of
internal audit effectiveness in commercial banks. The model includes four blocks: audit coverage, audit quality,
risk detection capability, and the implementation rate of recommendations. Block weights are determined
using Saaty’s Analytic Hierarchy Process and international empirical evidence. Testing the model using data
from eight leading banks in Uzbekistan showed an average index value of 0.64, which remains below the
international benchmark. Proposals are developed for applying the model in supervisory practice and in banks’
quality assurance and improvement programs.
Keywords
internal audit effectiveness, integral index, commercial banks, audit coverage, audit quality, risk detection, implementation of recommendations, AHP method, benchmarking.References
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