Cyprus Central Bank Seeks Stronger Audit to Protect Public Trust

The Central Bank of Cyprus (CBC) has published an analysis by its internal audit director Constantinos Trikoupis, highlighting the importance of strengthening public trust in central banks and financial authorities through robust internal audit.

Trikoupis emphasized that public trust is a valuable asset for these institutions, which operate under increased accountability and scrutiny from various governing bodies and stakeholders. He noted that 'trust is the operational currency of public institutions.'

The analysis examined the growing role of internal audit in governance, transparency, and risk management. Trikoupis argued that internal audit helps maintain institutional trust by providing independent assurance over governance processes, risk management, and control systems.