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IIA-Australia Launches Internal Audit Better Practice Guide for Financial Services in Australia

Nov 26, 2020 09:56 AM

After more than twelve months in the making, and in the wake of the Hayne Royal Commission, the Internal Audit Better Practice Guide for Financial Services in Australia was launched today by the Hon. Senator Jane Hume, Assistant Minister for Superannuation, Financial Services and Financial Technology at IIA-Australia’s Financial Services Assurance Forum.

The Committee that produced the Guide was chaired by non-executive director Sandra Birkensleigh and ten senior practitioners from the banking, insurance, and superannuation sectors, and academia. We were very happy to have both APRA and ASIC as vocal observers, and greatly appreciated secretariat support which was provided by both EY and KPMG. The Committee consulted widely with the finance industry and their representative bodies before finalising the Guide.

While adoption of the Guide is voluntary, we strongly encourage its take-up to strengthen governance outcomes across the industry.

If you would like to download your copy of the Guide, please click here.