Anti-Money Laundering Audit Peer Group

Liquidity is key to a robust and solvent financial sector. Supervisory principles hold boards accountable for an organization’s liquidity adequacy assessment and advocate a relevant and active internal audit role in assessing an organization’s liquidity risk management (LRM) process.

A major research report has revealed a looming poly-crisis as a series of high-impact risk events are occurring simultaneously and exacerbating a multitude of interconnected risks. This includes ongoing economic uncertainty, the cost-of-living crisis, the Ukraine crisis and growing geopolitical turmoil, labour shortages, along with extreme weather events fuelled by the climate crisis.

Agile audits are fast-paced, repeatable, and emphasize full transparency and collaboration between stakeholders and self-organized audit teams. While Agile audit processes offer clear benefits in terms of speed and efficiency, implementing them can pose a significant challenge, especially for audit teams who may be resistant to change.