Internal Audit Roundtable 2024

Marks Sattin, in conjunction with BDO, ran an Internal Audit Roundtable event in Leeds in June 2024 to exchange useful ideas, insights and experiences on key topics currently facing the Internal Audit profession. Participants were senior representatives from the Financial Services sector across the Internal Audit Community. 

 The discussion covered several important topics, such as:

• Regulatory environment
• Consumer duty
• General election and change of government
• Reflections on the implementation of Basel 3.1

• Internal audit topics
• How functions are evolving to address and prepare for future strategic risks
• How firms are overseeing and mitigating the risks of Artificial Intelligence (“AI”) 
• Controls assurance alignment and presenting this to audit committees
  

• Internal audit methodology
• Reflections on the implementation of new IIA standards
•  Considerations to Audit and Assurance policies 
• Parallels between Assurance and Advisory work

• Internal audit operations
• How function’s structure their career pathway for team members
•  How functions are deploying Co-source management/models