THE LEGAL PROVISIONS OF THE BANKING AUDIT  (A Comparative Study)

Dr. THEKRA M. H.AL YASEEN, A.P.; GHALI MAHDI, ABDULKHALEG

	THE LEGAL PROVISIONS OF THE BANKING AUDIT (A Comparative Study)
AL- Mouhakiq Al-Hilly Journal for legal and political science
Article 1, Volume 8, Issue 4, 2016, Pages 339-411
Authors
A.P. Dr. THEKRA M. H.AL YASEEN; ABDULKHALEG GHALI MAHDI
Abstract
Abstract In the policy of economic and financial liberalization and the phenomenon of the reduction of restrictions on capitals movments , and what coincided with the risks of failed that made conventional ways fail for reducing or disposal robe the bank the freedom of the will and impose it to achieve the purpose its range may be far and its way more hardship and trouble , in order to fulfillment of its economic programs and employs its abilities credit in a manner consistent with its aspirations and objects . In each case must commitment to a specific period and not coincides its execution at once , that requires the availability of the type of trust and culture of dealing , and this consistent with the conduct of the bank to investigate and auditing , which is the way of salvation to fortify its decision from wrong . The bank takes its decision according to what is revealed by its investigations on the merits of the applicant . This merit is depending on changeable objective legal and personal factors , coinciding with the stage of submission of the application ending with customer's relationship with the bank . So gives the bank the right of endeing this relation and consider it extremely important no alternative on it except stuck customer freely absolute rejection in order to avoid the risk if his refusal was based on well – founded and this doesn’t happen arbitrarily but necessity obliges the bank to investigate and audit about personal merit to the customer according to systematic style reconciles between the nature of banking activity , its requirements and the protect the interests of economic projects which reflected its effects on the customer or other . According to these data the banking audit is defined that " It is the means and procedures when banks resort to them willingly or obligatorily according to their available materialand technical abilities to guarantee the accuracy in collecting information about the client's personality , and that for the safety of banking operations reducing the risks and support of the common trust deal " .
Keywords
LEGAL PROVISIONS; BANKING AUDIT

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