FI review outlines key lessons on fund managers' internal audit functions
Analysis of seven Swedish fund managers' internal audit functions provides insights on resourcing, authority, and competence.
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Finansinspektionen (FI)’s recent review of the compliance and internal audit functions at seven Swedish fund managers reveals a high level of compliance, with all fund managers following a risk-based approach underpinned by annual risk assessments and clarity around routines, authority, and independence.
FI has also identified several weaknesses that raise