Some reforms can take a generation to flower, as they have to press against the embedded climate of inertia inherent in our traditional culture and values.
We in BPNG observe that internal audit in our supervised institutions is not based on widely utilised standards, recognised by Audit Committees for example, and it is not always focused on the same set of issues. Internal audit functions vary from a narrow concern with compliance or financial accounts to a broader remit reviewing efficiency and effectiveness or acting as an internal consultant.