Internal Audit Financial Services Code of Practice – January 2021 update (“Code”) and IPPF (“Standards”) – a summary
Internal auditing (IA) is an objective assurance and consulting activity designed to add value and improve an organisation’s operations by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes. The Institute of Internal Auditors (IIA) (https://www.iia.org.uk) is the recognised international standard…