PRA and FCA welcome Internal Audit guidance

The regulatory authorities welcome the publication, by the Chartered Institute of Internal Auditors, of the guidance “Effective Internal Audit in the Financial Services Sector”.
Published on 08 July 2013

The regulators believe that implementation of the recommendations within the guidance will enhance the effectiveness of internal audit functions and the impact and influence they have within their organisations. In exercising their supervisory judgement, the regulators will consider the nature and extent of compliance with the guidance in any assessment of internal audit effectiveness within regulated firms.

PDFPress release

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