Internal Audit Better Practice Guide for Financial Services in Australia

Internal Audit Better Practice Guide for Financial Services in Australia

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Author

Insitute of Interal Auditors – Australia Financial Services Committee 

Date

2020

Topics Explored

Internal Audit, Financial Services, Internal Audit Management

Format

Publication

Extract/Description

This publication sets out recommendations for internal audit practice in financial services organisations within Australia.

Key Points

  1. Position internal audit for success.
  2. Ensure adequate resourcing and seniority.
  3. Provide assurance which adds value.
  4. Employ methods and tools appropriate to the task.
  5. Report to influence positive change.
  6. Adopt appropriate methodologies for auditing risk culture.

Relevant Industries

Financial Services

Level of Assumed Knowledge

Intermediate