Open on EUR-Lex ↗

Article 17 - Audit and internal validation governance

Article 17
Audit and internal validation governance

Competent authorities shall assess that an institution's audit and internal validation governance is of a high quality by confirming at least the following:

((a))

that audit programs for reviewing the AMA framework cover all significant activities that could expose the institution to material operational risk, including outsourced activities;

((b))

that the internal validation techniques are proportionate to changing market and operating conditions, and that their outcomes are subject to audit review.

Official text · the act as published Open full page ↗
7 queries · page built in 5 msInventory f82bbfa3