Global Practice Guide: Auditing Model Risk Management, 2nd Edition

Strengthen your model risk management (MRM) framework with this guide and its companion tool. As organizations increasingly rely on complex models to drive decisions and meet regulatory standards across multiple industries, the risk of model errors grows.

This resource outlines how internal audit functions can evaluate MRM systems to ensure accuracy, compliance, and governance — helping mitigate risk and enhance model reliability.

The guidance replaces the previous edition published in 2018.

Tool to use with this practice guide