Effective internal audit in the financial services sector
Comparison of the 2017 and 2021 Code
Read time: 31 mins
Service: Audit & assurance Sector: Financial services
We encourage Heads of Internal Audit to review the new Code in light of their current situation. In particular, where internal audit functions have made changes to their organisation, structure or ways of working in response to Covid-19, it is important to assess whether they remain effective and compliant with the Code. It is always important to bear in mind proportionality and ensure that the changes to the Code are assessed and implemented as appropriate.
PKF is always here to help you and we have put together a comparison tool to help you assess and report on the changes to the Code to your audit committees, which you can download from this page.