In the 2026 regulatory landscape, an Internal Audit (IA) is more than a statutory requirement – it is your most powerful tool for operational resilience. Whether you are a CySEC regulated CIF, a Central Bank licensed EMI, or a global AIFM, your IA function must provide independent assurance that your controls are not only compliant but also optimized for growth.
CX Financia offers specialized Internal Audit outsourcing and co-sourcing. We go beyond “Ticking the Box,” providing deep-dive insights that protect your license, enhance your governance, and prepare your firm for the scrutiny of the 2026 Prudential Supervision era.
Strengthen Your Third Line of Defense
Specialized Internal Audit for 2026 Compliance
We tailor our IA programs to the specific mandates of the Cyprus Securities and Exchange Commission (CySEC) and the Central Bank of Cyprus (CBC).
CySEC CIF & AIFM Internal Audits
We provide the mandatory annual IA report required for Cyprus Investment Firms and Fund Managers. Our focus includes:
- Compliance with MiFID II/MiFIR: Ensuring investor protection and transparency protocols are active.
- Prudential Supervision (IFR/IFD): Auditing your capital and liquidity adequacy calculations.
- Safeguarding of Client Assets: Rigorous testing of segregation and reconciliation processes.
EMI & Payment Institution Audits
For Electronic Money Institutions, we focus on the integrity of the payment ecosystem:
- Safeguarding Requirements: Verification of segregated accounts and bonding.
- Network Security & IT Risk: Aligning your IA with DORA (Digital Operational Resilience Act) standards.
- Operational Risk Management: Testing the resilience of your transaction monitoring and settlement flows.
IT & Cyber-Resilience Audits (DORA Ready)
The 2026 mandate requires Internal Audit to have a specialized focus on digital risk. We evaluate your ICT governance, third-party vendor risks, and incident response frameworks to ensure your entity meets the stringent requirements of DORA.
Outsourcing vs. Co-Sourcing: The CX Financia Model
Secure Your Regulatory Standing
Frequently Asked Questions (FAQ)
Is it mandatory for my Cyprus company to have an Internal Audit?
If you are licensed by CySEC or the Central Bank of Cyprus, yes. It is a mandatory annual requirement to submit an Internal Audit report. For non-regulated entities, an IA is considered “Best Practice” once the company reaches a certain complexity or size to protect shareholder interests.
How long does a typical Internal Audit engagement take?
A standard regulatory IA engagement usually takes 5 to 10 working days for fieldwork, followed by the drafting of the report. We coordinate closely with your team to ensure minimal disruption to your daily operations.
What happens if the Internal Auditor finds a deficiency?
This is actually the goal of a good audit! We provide a Management Action Plan for every finding, helping you remediate the issue before it is flagged by the regulator during an onsite inspection. Our reports are designed to show the regulator that you are proactive and transparent in your governance.