Pros
None to add only cons
Cons
There are double standards within the Internal Audit Department. Senior leaders are allowed to continuously violate Code of Conduct rules with minimal or no repercussions. Examples include the following: 1. Tickets to Sporting Events: Senior leaders have received and attended high-value sporting events, courtesy of consulting firms that have ongoing business relationships with the bank. These events often include premium seating and exclusive access, which could potentially influence their impartiality and decision-making processes. 2. Extravagant Dinners: There have been numerous occasions where senior leaders have been treated to lavish dinners at expensive restaurants. These dining experiences far exceed the modest meal allowances generally deemed acceptable and raise concerns about the influence these firms may exert. This not only sets a poor example but also creates an environment where ethical standards appear to be flexible based on one’s position within the organization.
