A Global View of Financial Services Auditing (CBOK)

Many in the financial services industry will agree that times have never been more challenging than they are today. While there are many issues facing internal auditors at financial institutions, this report focuses on the following key challenges:

  1. Regulatory requirements, which generally top most financial institutions’ risk lists
  2. Managing governance committee agendas that are increasingly crowded
  3. Heightened expectations for internal auditors
  4. Increased technology risks as cyber criminals find new ways to penetrate defenses
  5. Coordination among all lines of defense
  6. Resource allocation management