Internal Audit | Prudential Regulation Authority Handbook & Rulebook
Prudential Regulation Authority Rulebook

Prudential Regulation Authority Rulebook

Part

Credit Unions

Chapter

Internal Audit

Printed on: 23/06/2025

Rulebook at: 10/01/2025


15

Internal Audit

15.1

A credit union must establish and maintain an internal audit function.

  • 03/02/2016

15.2

The internal audit function referred to in 15.1 may either be:

  1. (1) in-house; or
  2. (2) subject to any applicable requirement in this Part relating to outsourcing, outsourced to a third party.
  • 03/02/2016