2014 hot topics for internal audit in financial services
The role of internal auditors in financial services continues to gain importance. Internal audit teams are expected to be highly influential and visible in providing effective assurance across high risk areas in their organisations. This year, a number of emerging topics have taken centre stage for the financial services industry. Internal audit functions will need to have considered their approach to these matters and to demonstrate coverage of a number of sensitive and ambiguous topics.
In this paper, we explore the key topics that internal audit functions should be covering in their audit universe for 2014:
- Business leadership
- Risk management
- Regulatory matters
- Capital and liquidity
- Accounting and Tax.