The possibility of authorising an auditing unit other than the internal audit to carry out the review should be provided for, to allow for the eventuality of the internal audit’s not possessing the necessary capabilities to review the credit institution’s rating systems.
The possibility of authorising an auditing unit other than the internal audit to carry out the review should be provided for, to allow for the eventuality of the internal audit’s not possessing the necessary capabilities to review the credit institution’s rating systems.