The Hong Kong Monetary Authority (HKMA) firmly believes that an effective system of internal controls is crucial to achieving its objectives. The Internal Audit Division (IAD) has been established to assist the management in accomplishing this goal.
With the support and advice from the members of the Audit Sub-Committee of the Exchange Fund Advisory Committee (EFAC), the Internal Audit Charter has been drawn up. The Charter will be reviewed regularly and updated when necessary. The release of the Charter demonstrates the management's commitment to maintain a robust system of internal control in the HKMA.