The LMA Internal Audit Committee serves as a dedicated platform for Heads of Internal Audit from across Lloyd’s managing agents. It facilitates knowledge exchange, collaboration and the advancement of internal audit practices tailored to the unique dynamics of the Lloyd’s market.
By promoting consistency, high standards and peer learning, the committee supports the development of effective assurance frameworks that help maintain transparency, accountability and regulatory confidence within the market.
The Internal Audit Committee supports the advancement of audit excellence and effective assurance practices across the Lloyd’s market. Its core areas of focus include:
Evaluating proposed changes to existing return templates and reporting requirements issued by Lloyd’s.
Establishing and promoting industry-leading audit methodologies, standards and risk-based approaches.
Enabling knowledge-sharing and dialogue among Heads of Internal Audit to address emerging risks, operational challenges and audit innovation.
Acting as a key point of consultation for Lloyd’s and external regulatory bodies on matters related to internal audit policies and frameworks.