Bank of Albania Governor Gent Sejko highlights internal audit as a key pillar of financial stability and transparency. He speaks at the International Conference of Auditors in Tirana. Moreover, he stresses its role in strengthening integrity and credibility in the financial system.
First, he says Albania hosts high-level global and European audit representation for the first time. In addition, he calls it clear progress in institutions and governance. Furthermore, he adds that it improves transparency in the financial sector.
Next, he praises the Institute of Internal Auditors Albania, the Albanian Association of Banks, and the Internal Audit Committee. He says they strengthen the profession and raise audit standards.
Meanwhile, he points to major challenges in the financial sector. He highlights digitalization, innovation, and cyber risks. As a result, he says internal audit plays a more strategic role today.
In addition, he says internal audit does not only control processes. Instead, he says it prevents risks and supports decision-making. Consequently, he adds that it improves internal efficiency.
At the same time, he says the Bank of Albania strengthens internal audit systems. He mentions external quality reviews and stronger reporting. Moreover, he highlights its role in risk management and business continuity.
Similarly, he refers to the 2025 Global Internal Audit Standards. He says alignment with international standards improves professionalism. Therefore, he calls it a key step in modernization.
Finally, he expresses confidence in cooperation. He says institutions, banks, and partners will strengthen financial stability and governance in Albania.
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