APRA requires RSE Licensees of superannuation entities have a dedicated internal audit function. The objectives of the internal audit function must include an evaluation of the adequacy and effectiveness of the financial and risk management framework of the RSE licensee.
RSE Licensees considering outsourcing this function should consider Assured Super. With 10 years’ experience in auditing APRA Regulated Funds we have a deep understanding of superannuation legislation, trustee responsibilities, including the superannuation prudential standards.
Assured Super is suited to RSE Licensees who are looking for a no-fuss service provider who will guarantee they comply with the internal audit requirements included in the Operational Risk Financial Requirements (SPS 114), Business Continuity Management (SPS 232), Outsourcing (SPS 231), and Risk Management (SPS 220) prudential standards. Further, there are requirements for independent assessments in the areas of Governance (SPS 510), Investment Governance (SPS 530) and Insurance in Superannuation (SPS 250).