2014 Hot topics for internal audit in financial services

The role of internal auditors in the financial services sector remains under scrutiny. Internal Audit is expected to be highly influential and visible in providing value to their organizations. This year, a number of emerging topics have taken center 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 sometimes ambiguous topics.

This report from Deloitte UK explores 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
• Trading
• IT
• Accounting and tax