Latest blog posts

  • EC shake-up threatens to restrict the value of corporate governance to European business

    19/11/2014 NEW

    Wide-ranging changes to the structure of the European Commission (EC) could restrict the value created by good corporate governance practice, says the European Confederation of Institutes of Internal Auditing (ECIIA). In September 2014, the EC’s President-elect Jean-Claude Juncker unveiled a new approach to the way the EC is...

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  • Spotlight on banking reform

    24/10/2014 NEW

    ECIIA Newsletter Oct 2014

    In November 2014, the European Central Bank (ECB) assumes new banking supervisory responsibilities as part of wide-ranging changes to the way financial services businesses are regulated across Europe. The new regulatory...

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  • Internal auditors do not control, ECIIA tells EBA

    24/10/2014 NEW

    The European Banking Authority’s (EBA) guidelines on the common procedures and methodologies it proposes for supervising banks need better clarity over the role of internal audit in the governance structure, says ECIIA. In its response to the EBA’s consultation on Draft Guidelines for common procedures and methodologies for the...

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  • ECIIA and FERMA issue joint guidance for risk and audit committees

    20/10/2014 NEW

    Help is at hand for audit and risk committees who are under increasing pressure to comply with a raft of transparency measures enacted by the European Union over the last five years. ECIIA and the Federation of European Risk Management Associations (FERMA) have launched joint guidance – Audit...

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  • Promoting internal audit in European corporate governance

    24/9/2014

    The ECIIA has worked hard over the last twelve months to promote the value of internal audit in European corporate governance, as detailed in its Activity report 2014. One of ECIIA’s key messages has been that good coordination between internal and external audit adds real value and increases...

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  • ECIIA elects new vice president and board member

    24/9/2014

    Angela Witzany, President of IIA Austria, has been elected ECIIA Vice President at the body’s General Assembly, which took place in Budapest in September 2014. Witzany, a member of ECIIA’s management board, has been working to strengthen and promote the internal auditing profession for a number of years....

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  • IIA Israel joins ECIIA

    24/9/2014

    The European Confederation of Institute’s of Internal Auditing (ECIIA) welcomed IIA Israel as a member during its General Assembly in Budapest in September 2014. Although formed in 1960, IIA was re-established in 2011 with the aim of being the only professional voice, recognised authority, acknowledged leader, chief advocate,...

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  • Internal audit’s independence must be clearly defined under Solvency II

    08/9/2014

    Internal audit must be unambiguously independent if it is to play an effective role under Europe’s new regulatory regime for insurers known as Solvency II, according to the European Confederation of Institute’s of Internal Auditing (ECIIA). Guidelines issued on the implementation of Solvency II by the European Insurance...

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  • Internal audit developing foresight role

    18/7/2014

    The internal audit profession is moving into an era where it will be expected to provide foresight on the risks facing business, according to Judge Professor Mervyn King, Chairman of the International Integrated Reporting Council. Speaking at the IIA’s International Conference in London in July 2014, he said...

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  • Working better with the audit committee

    18/7/2014

    A good working relationship between the chief audit executive (CAE) and the audit committee chair is key to effective corporate governance, according to Sarah Blackburn, Chief Executive at The Wayside Network Limited, a governance consultancy. But that relationship worked best if it did not revolve solely around formal...

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ECIIA Newsletter Oct 2014
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