Internal Audit Better Practice Guide for Financial Services in Australia

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 by the Hon. Senator Jane Hume, Assistant Minister for Superannuation, Financial Services and Financial Technology at IIA-Australia’s Financial Services Assurance Forum 2020.

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.

Download your copy here.