CTRL 1.2.14 What is the internal audit function?
The internal audit function for an authorised firm is the function of being responsible for:
(a) the firm’s internal audit policies, procedures and controls; and
(b) overseeing and reviewing the firm’s implementation of, and its compliance with, those policies, procedures and controls.
Note For more on the internal audit function, see Part 6.4.
|Derived from QFCRA RM/2020-4 (as from 1st July 2021)|