Citation Audit

Citation: Article 11 5. ¶ 1 – Obliged entities shall ensure that the compliance officer and the person responsible for the audit function referred to in Article 9(2), point (b), can report directly to the management body in its management function and, where such a body exists, to the management body in its supervisory function independently, and can raise concerns and warn the management body, where specific risk developments affect or may affect the obliged entity.

Control: CC ID 12407 – Establish, implement, and maintain warning procedures.