LFS has established an Internal Audit (IA) Department that is in charge of building up IA Units in AccessHolding network banks. This includes the selection and training of staff and the development of audit procedures and work plans. Also, the Internal Audit Department supervises the audits in network banks.
Furthermore, the Internal Audit Department offers services to client banks and MFIs. This may be the improvement of their internal control systems or the strengthening of their audit function. In downscaling and upgrading projects the IA Department is in charge of portfolio reviews to ensure healthy portfolio growth. An important aspect has become the training of bank staff and consultants in auditing.