Latest blog posts

  • Boards face greater risks

    20/12/2018 NEW

    Boards of directors are exposed to a wider range of risks and carry more accountability than they did only a decade ago, according to a recent webinar hosted by the directors’ body Ecoda “Mitigating risks at board level”. The speakers agreed that boards’ exposure to risks now goes...

  • The future of corporate reporting

    19/12/2018 NEW

    Sustainability is likely to be a major focus for the next wave of corporate reporting reform for the European Commission, according to speakers at a recent Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG Fisma) conference. “Sustainability is the issue of the day and will impact...

  • Update Ferma-ECIIA Cyber Risk Governance Report

    17/12/2018 NEW

    The associations have called for organisations to create dedicated internal cyber risk governance groups to address digital risks across the whole enterprise as the threats evolve. A new version of the publication has been issued.

  • EC to update non-financial reporting directive


    The European Commission (EC) is planning to update its non-binding guidance on how to implement the Non-Financial Reporting Directive and set out proposals for consultation in June 2020. The directive, which affects about 6000 companies in Europe, sets out how organisations can effectively communicate the environmental, social and ethical impacts...

  • ECIIA response to the European Commission consultation ‘Fitness check on the EU framework for public reporting by companies’


    ECIIA welcomes the Commission’s fitness check initiative on the EU framework for public reporting by companies. We believe that the objective of this fitness check on corporate reporting should be to simplify and better tailor the information provided to the need of creditors, investors, and shareholders, instead of creating...

  • ECIIA General Assembly 2018


    The ECIIA General Assembly took place on October 6 in Madrid. The Board of Directors has welcomed a new representative for Italy: Gianfranco Carolia,  Chief Audit Executive of Ferrovie dello Stato Italiane S.p.A., Member of the Audit Committee of FAO, Founding member of AITRA, Member of the Audit...

  • EBA’s draft regulations on outsourcing need tighter focus


    The European Banking Authority’s (EBA) draft Guidelines on outsourcing (EBA/CP/2018/11) should give more emphasis on the role of the first and second lines of defence in the oversight of outsourced activities, ECIIA has said in its written response to the consultation. More specifically speaking, the response continued, management should...

  • Risk in Focus 2019: Hot topics for internal auditors


    We are happy to share the third edition of Risk in Focus defining hot topics for Internal Auditors. This edition is the result of a collaborative effort between seven European institutes of internal auditors in France, Germany, Italy, the Netherlands, Spain, Sweden and the UK and Ireland. As...

  • Internal auditors playing greater role in insurance regulation


    Insurance regulators and supervisors across Europe are increasingly looking to internal auditors to help their organisations achieve the necessary compliance requirements, according to a recent meeting of ECIIA’s insurance committee in Stockholm, Sweden. While trends in supervision and regulation differ across Europe, many authorities are looking for insurers...

  • ECB internal models guide should clarify assurance responsibilities


    While ECIIA welcomes the European Central Bank’s (ECB) draft guide on internal models for financial services organisations, more clarity is needed in some areas over the role of internal audit and other assurance functions. In response to the ECB consultation on its proposed guidance, ECIIA has highlighted several...


The European Commission has published a notice regarding the impact of the withdrawal of the UK from the EU in the field of data protection.

The Basel Committee maintains a two-year work programme that outlines the strategic priorities for its policy, supervision and implementation activities. See the work program here: #internalaudit #Banking

The @EBA_News published two reports on the consistency of risk weighted assets (RWAs) across all EU institutions authorised to use internal approaches for the calculation of capital requirements. #internalaudit #riskmanagement

The Technical Expert Group on Sustainable Finance has published its report on climate related disclosures: #internalaudit #corporatereporting

A good governance is essential to achieve success, no matter the size of the organisation/enterprise. Check the @ACCAViews report

[THREAD] Welcome, Andrea Enria! The new Chair of the ECB Supervisory Board has started his first day of work at the Eurotower in Frankfurt, the headquarters of ECB Banking Supervision. Follow this thread to see how his first hour at work went 1/4

These Are the Top Issues for Boards of Directors Heading Into 2019

The European Reporting Lab@EFRAG’s first project will be on climate-related reporting. Applications to join the Project Task Force now open @EU_Finance #SustainableFinanceEU

Boards face greater risks -

The future of corporate reporting -

The Basel Committee on Banking Supervision has updated Pillar 3 disclosure requirements. The requirements, together with the updates published in January 2015 and March 2017, complete the Pillar 3 framework. Check it here: ttps:// #internalaudit

Check out the new publication from @AccountancyEU about the implications of GDPR for auditors! #internalaudit #dataprotection

Update Ferma-ECIIA Cyber Risk Governance Report -

Digitalisation and cyber security remain a key priority, part of the pilar I of the programme #internalaudit #CyberSecurity

Just published! Report on the Evaluation of the Structure of Insurance Intermediaries Markets in Europe. You can find the news item here: report here: and country annex here:

If you have any questions on Sustainable Finance, you have some experts ready to answer you! #SustainableFinanceEU

“It’s not only about reporting, what is it important is to change the way we think”, Olivier Boutellis-Taft #PublicReportingEU #InternalAudit #governance

The future of corporate reporting in a digital & sustainable economy conference has started, with the words of Mario Nava #PublicReportingEU #InternalAudit #Governance

The fourth annual report on the implementation and effects of the G20 financial regulatory reforms has been launched by @FinStbBoard . The report is available here: #internalaudit #Governance

Fighting fraud and financial crime “it’s more about understanding people than understanding technology”, said David Herbinet. #zerofincrime #internalaudit #governance

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