The Internal Audit Unit reports functionally and directly to the Audit Committee of the CySEC Board and administratively to CySEC’s Chairman and/or Vice Chairman.
The main responsibilities of the IAU include the provision of independent, objective assurance and advisory services in relation to CySEC’s functions. The mission of the IAU is to assist in the achievement of CySEC’s objectives by adopting a systematic and disciplined approach, for the needs of which, the IAU evaluates and recommends ways to improve the effectiveness of governance, risk management and control processes.