文档介绍：外文文献翻译
原文:
mittee and Internal Audit Effectiveness in a Multinational Bank Subsidiary: A Case Study
The Media Alleges Irregularities at the Bank
During January and February 1998, RTE TV and Radio reported that NIB (the bank) had been involved in effecting life assurance policies on behalf of its customers with a number panies said not to be authorised under EU legislation to carry on the business of life assurance in the state. There were allegations that bank staff gathered information on customers holding non-resident accounts and accounts in false names. The allegations indicated that certain customers were invited to participate in off-shore life assurance schemes. Senior managers of the bank appear to have been aware that these investment schemes were being operated to help customers to evade tax. Subsequently in March 1998, RTE in another programme, claimed that employees of the bank, under pressure to increase profits, operated various practices involving improper charges and fees to customers in certain bank branches. It was alleged that the bank's internal auditors had identified the practice of 'interest loading' at two branches but no refunds had been made to customers.
Following a two-hour special emergency debate in the Irish Parliament on the alleged NIB bank, the relevant government minister applied to the High Court to appoint inspectors under panies Act 1990 to investigate the various practices and behaviors in the bank and those who were responsible. The inspectors were appointed by the High Court with extensive powers of investigation. Subsequently the brief of the inspectors was widened — despite some opposition from the bank.
A draft report on the inspectors' investigation was provided to the bank in 2003. It covered the period 1988 to 1998. A final report and its Endings were accepted by the bank in 2004.
The inspectors concluded that the improper practices operated by the bank could be
summarized as follows:
— Both non-resident depo