The study examines needs and obstacles in pooling internal audit processes as part of efforts to improve efficiency and reduce burdens at regional financial institutions.
Japan’s FSA (Financial Services Agency) has published a commissioned survey report on the potential for sharing internal audit processes among regional financial institutions. The work is part of a broader push to improve operational efficiency and reduce administrative burdens at local lenders. The report reviews industry needs and key challenges tied to possible joint internal audit arrangements, offering a basis for assessing whether parts of the audit function could be handled collectively.