Latest blog posts

  • Vote now for best MEP on corporate governance

    23/2/2015 NEW

    Have you made up your mind about which MEP has done the most this year to enhance corporate governance in the European Union?  Well, it’s time to decide. You can watch this video of short-listed candidates and vote here when you have decided which one to vote for....

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  • Regulation’s unintended consequences

    12/2/2015 NEW

    Pressure from regulators to mandate that internal audit reports direct to them, or to access a function’s findings on a routine basis, could have negative, unintended consequences, according to Richard Chambers, President and Chief Executive Officer of IIA Global. While some regulators wish to standardise management structures so...

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  • ECIIA provides internal audit with “voice” for banking industry

    05/2/2015 NEW

    The newly-formed banking committee of the European Confederation of Institutes of Internal Auditing (ECIIA) aims to provide a unified voice for internal auditors to speak on the sweeping regulatory changes affecting the banking industry. “As you know, European banking regulators are very active and many of their initiatives...

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  • ECIIA’s response to Basel Committee on Banking Supervision’s consultation

    13/1/2015 NEW

    The Basel Committee on Banking Supervision’ s most recent consultation document – Corporate governance principles for banks – sometimes erroneously describes internal audit as a control function of banks, says the European Confederation of Institute’s of Internal Auditing (ECIIA) in its response to the paper. This misunderstanding could...

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  • Audit bodies deepen cooperation

    19/12/2014

    The ECIIA deepened its cooperation with the European Organisation of Supreme Audit Institutions (EUROSAI) at a meeting in Riga, Latvia recently when both bodies agreed on a further raft of joint initiatives. They included creating a team of key people across the two organisations to coordinate their shared...

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  • Nominate best MEP for corporate governance

    02/12/2014

    Enhancing business transparency in key areas – such as social or environmental matters – is crucial to rebuilding trust in the economy and in supporting the fundamental values of the European Union. That is why ECIIA is sponsoring an award run by Parliament Magazine to commend a Member...

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

    19/11/2014

    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

    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

    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

    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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ECIIA Newsletter Oct 2014
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