Salz Review - Wall Street Journal

19
Salz Review
An Independent Review of Barclays’ Business Practices
33: Internal Audit
Barclays’ Internal Audit should ensure the effectiveness of its audits in each of the
businesses to identify control issues, prioritising high-risk entities. This will be aided
by developing specialist internal audit teams able to deal effectively with the bank’s
more complex business units.
The Internal Audit Charter should be updated and periodically reviewed to ensure
that it covers all aspects of governance, control and risk culture, as the business and
external environment evolves.
34: Implementation
Barclays should publish the steps it intends to take to implement the
recommendations in this Review and publicly report progress on implementation at
regular intervals, with such internal and external assurance as the Board considers
appropriate.