At a professional meeting for internal auditors of financial institutions organised by the Slovenian Institute of Auditors, representatives of the Slovenia Insurance Supervision Agency presented the framework and process for reviewing the key internal audit function and outlined major findings from past supervisory work. The main messages were that annual internal audit plans should be closely aligned with risks and that internal audit functions will need to address emerging risks more intensively, including digitalisation, cybersecurity, the use of artificial intelligence and a more demanding regulatory environment, while preserving independence and objectivity. The discussion also highlighted the need for dynamic planning, regular updates to audit plans in line with current risks, stronger data capabilities and a better understanding of each institution's business model. More than 30 internal auditors attended, alongside representatives of the Slovenia Insurance Supervision Agency and the Securities Market Agency. Representatives of the Securities Market Agency also presented findings from an internal audit questionnaire at European Securities and Markets Authority level and discussed the role of the internal audit function in public companies.
Slovenia Insurance Supervision Agency 2026-04-30
Slovenia Insurance Supervision Agency presents internal audit supervisory findings and emerging risk priorities at professional meeting
The Slovenia Insurance Supervision Agency outlined its framework for reviewing the key internal audit function, stressing that annual audit plans must be risk-based and increasingly address digitalisation, cybersecurity, artificial intelligence and a more demanding regulatory environment while maintaining independence. It also highlighted the need for dynamic planning, enhanced data capabilities and a deeper understanding of business models, alongside input from the Securities Market Agency on internal audit practices in public companies.