Latest blog posts

  • EBA guidelines need to better reflect internal audit’s proper role

    03/2/2017 NEW

    The European Banking Authority’s (EBA) Guidelines on internal governance need to better reflect internal audit’s proper role, the ECIIA has said in its response a consultation on the issue. “The general impression given throughout the guidelines is that internal audit is understood solely as a traditional and simple...

  • Cyber security moves up agenda at Council of EU

    02/2/2017 NEW

    A major conference on emerging cyber issues held under the Slovak Presidency of the Council of the European Union has highlighted the need for businesses to work harder in areas such as cyber security, cyber research and development, crime, defence and diplomacy. Over 180 delegates attended the gathering...

  • ECIIA and FERMA collaborate in cyber risk initiative

    27/1/2017 NEW

    Given the growing risk posed by cyberattacks on businesses across Europe, ECIIA and the Federation of European Risk Management Associations (FERMA) have launched a joint initiative aimed at helping organisations strengthen their cyber defences. The group’s key objective is to help define the best governance model when managing...

  • Non-financial and diversity guidance due Spring 2017


    The EC is producing non-binding guidance on how to implement its directive on the disclosure of non-financial and diversity information (2014/95/EU). Originally planned for publication in December 2016, the guidance is now expected in Spring 2017. The directive requires around 6,000 large organisations to disclose the environmental and...

  • New reporting requirements shift disclosure focus


    The European Union has put plans to introduce country-by-country accounting disclosures on ice. Instead, it is revising the existing Shareholder Rights Directive in a move that could create new opportunities for internal auditors, ECIIA says. The revised directive establishes specific requirements to encourage shareholder engagement in the long...

  • Getting to grips with non-financial reporting – FEE case study


    The ECIIA welcomes a fictional case study produced by the Federation of European Accountants (FEE) aimed at helping businesses get to grips with the very real, mandatory non-financial reporting disclosure regime set to come into force across Europe. The report – Disclose what truly matters – shows how the...

  • ECIIA insurance committee to strengthen industry ties


    The ECIIA’s Insurance Committee has set out an ambitious strategy aimed at enhancing the professionalism of internal auditors working in the industry and at building stronger ties between firms, regulators and other stakeholders. “Many insurance companies have greatly benefited from having strong internal audit functions working as the...

  • ECIIA Activity report: deepening governance community in Europe


    ECIIA worked hard in 2016 to deepen its links with both the broader European governance community and its member institutes, according to its most recent Activity Report. The Confederation strengthened its co-operation with rule-setters at the European Banking Authority, the European Central Bank and the European Commission through...

  • ECIIA strengthens governance structure


    The European Confederation of Institutes of Internal Auditing strengthened its governance structure by creating both an audit committee and nomination committee at it General Assembly in Stockholm, Sweden this month. “Our organisation promotes good governance through internal audit,” Henrik Stein, who continues as ECIIA President, says, “so it...

  • Non-financial reporting proposals move a step closer


    The European Commission’s DG FISMA has provided greater clarity over the likely content of its proposed guidelines on non-financial reporting, following meetings with ECIIA in September. Officials at the directorate have confirmed non-financial reporting mechanisms should form part of the overall management reporting system, and that its scope...



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