Regulatory Alerts2024-12-05
Order on the Conduct of Audits in Financial Undertakings and Financial Groups
The Danish Financial Supervisory Authority issues this Order to regulate the conduct of external and internal audits for financial undertakings, insurance companies, and investment firms. It mandates specific reporting requirements, including the maintenance of audit protocols, summaries of supervisory orders, and conclusions on internal controls and related-party exposures. The document further establishes strict independence, qualification, and operational standards for internal audit functions within these entities.
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