Transcription of Internal Audit Banking & Financial Services
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Internal Audit Banking & Financial Services
Internal AuditBanking & Financial ServicesAs specialists in Bank Internal Audit we are seeing the global redevelopment of Internal Audit as it transitions tomeet the demands posed by the revised BIS expectations which include auditing efficiency. There is no question that changes in regulation have resulted in banks and insurance companies requiring a re-fresh and reconnect of Internal Audit to the Board, to serve as a risk mitigating function of importance. Whetherdriven by Basel /III or Solvency II, risk management and Internal Audit are working ever more closely is Risk Reward s most noted area of do we see as the current top five challenges facing Bank Internal Audit ? Corporate Governancehas become a major concern for regulators who are seeking additionalassurance regarding the operation of Boards, Committees and the effectiveness of executive and non-executive directors. Due to the sensitivity and profile of such an assignment the involvement of an externalresource is generally welcomed.
As specialists in Bank Internal Audit we are seeing the global redevelopment of internal audit as it transitions to meet the demands posed by the revised BIS expectations which include auditing efficiency.
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