The Chartered Institute of Internal Auditors (CIIA) published guidance on
effective internal audit in the financial services sector. The guidance
has been produced by an independent committee established by the CIIA, with
representation and observers from leading banks, insurers, the Financial
Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Bank
of England. The guidance can be regarded as an additional benchmark
against which firms can measure their internal audit function.