Review internal control and risk frameworks

Aufsichtserwartung

The internal audit function should review the institution’s internal control and risk management framework, by considering external developments, changes in the risk profile and in products and/or business lines, among other things.

Adressat: The internal audit function

Fundstelle: Expectation 5.6

Quelldokument

• Guide on climate-related and environmental risks - Supervisory expectations relating to risk management and disclosure (November 2020)