The Internal Audit Process in the Cooperative Credit Banks: Consequences and Perspectives after the Reform
Adalberto Rangone

Abstract
The need of the banking sector to be aligned with the Internal Audit best practices involves inevitably questions concerning the best practices. The issue of the internal review within a company has been already widely studied and a considerable literature has been written, however, nowadays literature about this important function within the Cooperative Credit Banks is still limited. The new scenario which are outlining day by day in accordance with the Law nr. 49/2016 let to imagine a significant metamorphosis due to the subtle existing link between the governance structure characterizing the new Cooperative Banking Groups and the decisional autonomy of the individual CCBs on the evaluation methods of the assets and, particularly, of the financial instruments. Today, we can just suppose about the influences that might result from ongoing processes; nevertheless, before they occur, it is important trying to understand which is the current procedure of Internal Audit and how it is essential for an efficient execution of the banking functions in order to facilitate a comparative analysis with possible future developments. Therefore, this paper aims to investigate the current process of Internal Audit within the Cooperative Credit Banks. A process that generally seems to be realized evenly just for its own purposes but, according to the provisions of the Law nr. 49/2016, actually shows numerous facets and even more doubts.

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