HC-6.5.29
The internal audit function must independently evaluate the:
(a) Effectiveness and efficiency of internal control, risk management and governance systems and processes created by the business units and support functions in the context of both current and potential or actual emerging risks and provide assurance on these systems and processes;
(b) Reliability, effectiveness and integrity of management information systems and processes (including relevance, accuracy, completeness, availability, confidentiality and comprehensiveness of data);
(c) Monitoring of compliance with laws and regulations, including any requirements from the CBB; and
(d) Safeguarding of assets.
Added: April 2018