Every business has to be compliant and adhere to specific regulatory bodies. In the financial industry a firm’s audit is vital for creating trust among its clients. Overall a company needs to run its audit smoothly for many reasons including:
WHAT CAN FAI DO?
- Implementing an Internal Audit Charter with the Board
- Implementing a Risk Based Internal Audit Plan
- Evaluating and contributing to the improvement of governance, risk management, and regulatory control processes using a systematic and disciplined approach
- Periodic reporting to Senior Management and the Board
- Providing ongoing support services
- Prepare the Annual Report of the Internal Auditor for submission to CySEC