EU Payment Services Directive (PSD2) for Auditors
What does EU Payment Services Directive (PSD2) require of a Auditor?
Internal Auditors assess whether compliance controls are operating effectively. Under EU Payment Services Directive (PSD2), which defines 19 controls, the work that lands on a Auditor is deciding which controls you own outright, which you share, and which belong to another team, then holding evidence for the first group.
Which EU Payment Services Directive (PSD2) controls land on the Auditor
Internal Auditors assess whether compliance controls are operating effectively. They plan and execute audit engagements, evaluate evidence, report findings, and track remediation of identified gaps and nonconformities.
EU Payment Services Directive (PSD2) defines 19 controls across 6 domains that directly affect the Auditor role. Understanding which controls fall within your ownership, which are shared, and which are owned by other teams is the foundation of effective compliance management.
What a Auditor is accountable for under EU Payment Services Directive (PSD2)
Planning and executing risk-based audit engagements against compliance frameworks
Evaluating control design and operating effectiveness through testing
Documenting findings, observations, and recommendations in audit reports
Tracking remediation actions and verifying closure of audit findings
Assessing organisational readiness for external audits and certifications
Where Auditors lose time on EU Payment Services Directive (PSD2)
These are the most common obstacles Auditors face when managing EU Payment Services Directive (PSD2) compliance, and how to address them:
Challenge 1
Efficiently testing controls across large, complex frameworks
Challenge 2
Accessing reliable evidence without disrupting business operations
Challenge 3
Mapping controls across multiple frameworks to avoid duplicate audit testing
Challenge 4
Keeping audit programmes current with regulatory and framework changes
Challenge 5
Communicating audit findings in a way that drives management action
A working order for a Auditor starting on EU Payment Services Directive (PSD2)
1. Readiness Assessment
Take a 5-minute readiness assessment to identify your organisation's current gap profile against EU Payment Services Directive (PSD2). Get a prioritised action plan tailored to your specific situation.
2. Cross-Framework Mapping
Use our platform to map EU Payment Services Directive (PSD2) controls against other frameworks you already comply with. EU Payment Services Directive (PSD2) maps to 3 other frameworks in our database.
3. Build Your Toolkit
Equip yourself with EU Payment Services Directive (PSD2) toolkits, self-assessments, and implementation guides from our store. Resources designed specifically for Auditors managing compliance programmes.
4. Continuous Monitoring
Establish ongoing compliance monitoring using our platform's gap analysis tools. Track your maturity over time and demonstrate progress to stakeholders.
EU Payment Services Directive (PSD2) in your sector
Who else owns part of EU Payment Services Directive (PSD2)
Questions Auditors ask about EU Payment Services Directive (PSD2)
What does a Auditor need to know about EU Payment Services Directive (PSD2)?
How does EU Payment Services Directive (PSD2) affect the Auditor role?
What are the biggest EU Payment Services Directive (PSD2) challenges for Auditors?
How should a Auditor prepare for a EU Payment Services Directive (PSD2) audit?
What tools help Auditors manage EU Payment Services Directive (PSD2) compliance?
Auditor: How ready is your organisation for EU Payment Services Directive (PSD2)?
Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.