Practice Guide: Foundations of Internal Auditing in Financial Services Firms

This guidance informs and educates internal auditors who may be new to the financial services industry about the regulatory environment in which these organizations operate. It also provides internal auditors and other key stakeholders with an overview of how managing an internal audit function within the financial services industry differs from other industries in terms of regulatory interaction, governance, and risks.

Topics include:

• The risk landscape in financial services.

• The regulatory landscape in financial services.

• Key principles of sound risk governance.

• Collaboration with other assurance providers.

• Internal audit responsibilities.

Item Number: 10.1318.dl