What Internal Audit should do to address the exponential changes in the Financial Sector
Internal Audit planning priorities
Internal Audit in the Financial Sector has to adjust and adapt to the regulatory requirements, emerging risks and competition impacting the industry. This paper assesses what Internal Audit should do to address these exponential changes.
Financial Services organisations continue to operate in an environment of exponential change due to continued advances in technology and adoption of new regulations.
It will be another year of change and Internal Audit will need to keep abreast of technology developments, adjust to new regulatory requirements while managing emerging risks and meeting ever expanding stakeholder expectations.
Internal Audit plans for 2016 should be developed keeping in mind the exponential changes that will impact the financial services industry.