Latest blog posts

  • Exploring Europe’s comply or explain principle

    27/11/2015 NEW

    ECIIA welcomes a major initiative by the European Confederation of Directors’ Associations (ECODA) that focuses on how well the comply or explain approach recommended by the European Commission in 2014 is being followed across Europe. Under comply or explain, organisations are free to diverge from what is considered...

  • Internal audit in the spotlight

    21/10/2015 NEW

    Henrik Stein cropped 2

    “It is important for internal audit to stay in the spotlight and imperative that it can and does make a difference,” Henrik Stein, the newly elected ECIIA President, told over 800...

  • Internal audit at centre of sound management, says Danièle Nouy

    09/10/2015 NEW


    “Internal control and internal audit are at the centre of sound management, especially for credit institutions in advanced financial systems,” Danièle Nouy, Chair of the Supervisory Board of the Single Supervisory...

  • Henrik Stein elected ECIIA President in board reshuffle



    Henrik Stein, Chair of the ECIIA’s Banking Committee, has been elected ECIIA President at the body’s General Assembly in Paris on  September 20, 2015. Stein has played an active part in...

  • ECIIA Activity Report 2015


    Since last year’s Activity Report, there has been a great deal of change in Europe. The European Parliament held elections in May 2014 and the European Commission (EC) appointed new commissioners. The Directorate General for Internal Market and Services (F2: Corporate Governance and Social Responsibility) moved to the Directorate General Justice. And the Single Supervisory Mechanism (SSM) came into force in November 2014, giving...

  • OECD supports independent internal audit function


    The European Confederation of Internal Auditors (ECIIA) welcomes the OECD’s recognition that an independent internal audit function is best placed to assure the integrity of an organisation’s accounting and financial reporting systems. The OECD says that it is best practice among corporations wishing to demonstrate that risk oversight...

  • Internal audit could review corporate tax disclosures


    Internal auditors could play a key role in the European Commission’s (EC) efforts to improve corporate tax transparency by reviewing organisations’ disclosures to the tax authorities, or to the general public, the European Confederation of Institute’s of Internal Auditors says. “Internal auditors are ideally placed to give assurance...

  • Audit revolution


    ECIIA Newsletter June 2015 cover

    When the European Central Bank took over the supervision of the financial sector in Europe in November 2014, internal auditors in the industry knew they were facing an audit revolution. That...

  • Blueprint for better collaboration


    ECIIA and the European Organisation of Supreme Audit Institutions (EUROSAI) have published a document that compares the structure and goals of their respective professions, providing a blueprint for better collaboration between the bodies. The study – Comparison of supreme audit institution organisations and internal audit institution organisations –...

  • Bank remuneration monitoring must be clear


    The European Banking Authority’s (EBA) proposals on how the remuneration policies of banks are to be monitored need greater clarity if they are to be effective, according to the European Confederation of Institute’s of Internal Auditing (ECIIA). The EBA’s consultation document on the issue (EBA/CP/2015/03) is often unclear...



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ECIIA Newsletter Oct 2015 cover
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