examine whether the directors of a society complied with its requirement to establish and maintain a system of internal … control and, if not, to report thereon). The cases of the Wakefield and the Grays were a turning point in the supervision of …

Eagle Building Societies, this study also purports to analyze how the improvement of the system of internal control affected … building societies to reform their systems of internal control and that the improvement of the system of internal control could … of internal control entailing the effectiveness of the management and governance of building societies were improved …