Author(s): Levent SEZAL
The Turkish banking sector has risen to a level that cannot be ignored today in terms of financial and institutional structures. Despite these positive developments, it is a fact that the Turkish banking sector is known to exist in some negativities affecting its development. Banks are obliged to live with intense risks due to the business they are doing. Risks experienced in the banking sector can inevitably be experienced in every country, every period. Because, as long as financial markets exist, the risk component will continue to exist within the system. However, at this stage it is important to identify and manage the risks that are important. Top management of the bank should obtain more information about the risks taken by the institution and have the necessary systems for risk management. Thus, the damages of the risks that will occur in the market will affect the banking sector at the lowest level and the damages of the emerging crises will be minimized. In this study, it is aimed to give information about the problems encountered in implementing an effective internal audit system in the Turkish banking sector.