AFB Practice Roundtable: The Auditing of Firms’ Risk Culture – Governance, Oversight and Regulatory Expectations

As firms strengthen their risk management frameworks, internal audit functions are increasingly expected to conduct audits of their firms’ risk culture and the governance processes supporting their risk frameworks.

Led by EY’s Internal Audit specialists, this practice roundtable will consider how to approach this task, the regulatory expectations, and good practice in this area.

Why attend?

The roundtable will provide members with an opportunity to share their experiences and challenges in auditing their firms’ risk culture. The session will explore how internal audit can deliver effective assurance over governance, oversight, design and implementation. Key discussion areas will include:

• how should firms conduct such an audit under the IIA framework requirements and Code of Practice
• the expectations for internal auditors under the Global Internal Audit Standards
• how internal audit can assess the effectiveness of risk culture and behavioural indicators
• the evidence auditors should obtain to evaluate risk culture and board oversight
• common findings, challenges and good practices observed across banks

Who should attend?

This roundtable is intended for Heads of Internal Audit, senior Audit Executives, Senior Internal Auditors, and professionals responsible for governance and risk assurance at AFB member banks.

Logistics

Fee: Included in membership

Venue: EY, 25 Churchill Place, Canary Wharf, London E14 5EY

Date: Thursday 22 October 2026
Time: 09:00 – 10:30 (arrivals and breakfast from 08:30)

If you would like to submit a question or have any specific areas that you would like the session to address, please send them to AFB at secretariat@foreignbanks.org.uk. You will receive details on how to join this session a week before the event.