214. Institutions should set up an independent and effective internal audit function (IAF), taking …

Institutions should set up an independent and effective internal audit function (IAF), taking into account the proportionality criteria set out in Title I, and should appoint a person to be responsible for this function across the entire institution. The IAF should be independent and have sufficient authority, stature and resources. In particular, the institution should ensure that the qualification of the IAF ’s staff members and the IAF’s resources, in particular its auditing tools and risk analysis methods, are adequate for the institution ’s size and locations, and the nature, scale and complexity of the risks associated with the institution ’s business model, activities, risk culture and risk appetite.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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