Media contributions
1Media contributions
Title Banks, wealth firms told to bolster internal policing of risk culture Degree of recognition National Media name/outlet Australian Financial Review Media type Web Country/Territory Australia Date 26/11/20 Description Banks, wealth managers and super funds have been issued with new guidance to ensure their internal audit teams get respect and resources, and focus more on risk culture to avoid failings exposed by the Hayne royal commission and AUSTRAC litigation against Westpac and Commonwealth Bank.
The Institute of Internal Auditors Australia's new practice guide calls for the scope of internal auditor teams to be "unrestricted and organisationwide", staffed by senior people able to challenge management.Producer/Author James Eyers - Senior Reporter URL https://www.afr.com/companies/financial-services/banks-wealth-firms-told-to-bolster-internal-policing-of-risk-culture-20201125-p56hqv Persons Elizabeth Sheedy