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Banking, Insurance and Life Insurance (prudential standard) determination No. 4 of 2016
Internal auditInternal audit
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Internal audit
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A Level 3 Head must ensure that the scope of its internal audit includes a review of the policies, processes and controls put in place by management to ensure compliance with APRA’s prudential requirements.
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A Level 3 Head must allow its internal auditor to be represented in meetings with APRA, the Level 3 Head and its Appointed Auditor.