A Reputation on the Rise: An Insider’s Guide to Professional Practices Groups for Internal Audit in Large Financial Institutions
As regulations, regulatory expectations, industry requirements and professional guidelines have increased, the size, prominence and value of professional practises groups for internal audit have also expanded. Today is therefore an ideal time to take a deeper dive into the role professional practises groups play within the financial services industry.
The observations in this paper are based on interviews with internal audit and PPG leaders within large, U.S.-based financial services companies (those with assets under management of greater than $50 billion). These insights centre on four key faces of PPGs:
- Roles and Responsibilities
- Current and Future Initiatives
Our Observations at a Glance: