2014 Survey of IT internal audit practices in the Luxembourg financial sector
We present here the inaugural Deloitte Luxembourg ‘2014 Survey of IT Internal Audit practices in the Luxembourg financial sector’. Respondents to the survey include local banks as well as “Primary IT systems operators” Support PSFs.
Technology is a critical component of any operation and a key enabler for achieving business objectives. From that perspective and considering recent changes in the regulatory environment, notably CSSF Circular 12/552 on central administration, internal governance and risk management, and Circular 12/544 on the optimisation of the supervision of Support PSFs by risk-based approach, we thought it was time to capture insights on the local practices of Internal Audit functions to evaluate and improve Information Technology risk management, control, and governance.