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    <description>Internal Audit in banking functions as an independent third line of governance, providing assurance on risk management, internal controls, governance processes and regulatory compliance. Risk-based auditing aligns audit coverage with the highest-risk areas, including credit, operational, cybersecurity, compliance, conduct, model, third-party and ESG-related risks. The article also highlights the expanding role of data analytics, continuous auditing and emerging risk coverage in strengthening resilience and sustainable growth.</description>
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