As regulations grow more complex, financial services firms face increasing scrutiny of their governance and controls. Robust internal audits are essential to test and evidence compliance across areas like conduct, governance and AML/CFT.
The FCA Handbook states that the purpose of an internal audit function is to provide independent assurance that a firm’s governance, risk management, and internal controls are operating effectively. The FCA expects internal audits to adopt a risk-based approach, prioritising risks that the firm deems crucial, whilst still ensuring that the full GRC/AML/CTF framework is tested at appropriate intervals.
An independent internal audit provides assurance that systems and controls are effective. As a third line of defence, it plays a vital role in assessing and improving compliance frameworks.
Join us for an informative webinar where we will discuss the key elements of the Internal Audit function.
In this session we will explore:
- The importance of internal audits in compliance frameworks
- Understanding the three lines of defence model
- The key components of effective internal audits
- Common pitfalls and challenges in internal audits
- Leveraging internal audits for regulatory compliance
- Case studies and best practices
- How to enhance your internal audit process
- Q&A session at the end
Date and Time
April 10, 2024
11am (UK Time)
Registration
Secure your free spot now by filling out the registration form.
Register Now
For inquiries, please contact thomas.salmon@complyport.co.uk
We look forward to your participation in this engaging and informative webinar.
Speakers
Simon Chapman – Speaker
Director, Complyport
Richard Corbyn – Speaker
Director, Complyport
Kumar Ved – Moderator
Managing Director, Complyport
