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10/30/13 - Fortifying Internal Audit to Meet Regulatory Expectations

Supervisory authorities have been sounding an increasingly loud drumbeat over the past year regarding heightened expectations for internal audit, and are emphasizing the importance of a fortified, assertive internal audit function that operates at the forefront of an institution’s growing universe of risks and compliance demands. Financial institutions can expect to encounter more high-profile examination findings that pressure them to strengthen their audit units.

Please click below to read a Sightlines InFocus by Tom Loughlin and Steve Mills that discusses the challenges facing internal audit, and offers some thoughts on how financial institutions can prepare for them.

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