Internal audit in the banks according to Basel II criteria and the framework in Turkey

One of the reasons of financial crisis in the world especially in the banking sector and negativeness, that is appeared as a result of the deficiencies in practice and affects not only country the negativeness is seen but also the other countries, is defined not given importance to the internal audit. Basel Committe on Banking Supervision that is in the constitution of Bank for International Settlements published arrangement that is named Basel II to get to give necessary importance to the audit especially internal audit and countries realize internal audit in the common framework. The standarts and basis of internal audit that are defined by Committe not having legal sanction are practised in Turkey like in the world. The arrangements related to the internal audit that are getting parallel applications with Basel II are showed oneself by the law and regulations. These regulations aim to converge with the other countries and form more strong banking sector by providing discipline and control. In this study, it is aimed to achieve how are the internal audit practises in Basel II, their coming to Turkey and the organizational structure of the internal audit in the Turkish banks. As a result of study, it is seen that similarity with the internal audit practices in Basel II are catched by the changes and regulations doing in the Turkish banking sector and more healthy and strong banking sector that is aimed is formed by the new organizational structure of the internal audit in the banks.