Latest blog posts

  • More communication needed between internal audit and regulators

    06/5/2016 NEW

    Regulators should require regular, structured and ongoing dialogue between the competent authorities supervising insurers and the internal auditors working in them, the ECIIA has said in response to recent consultation by EIOPA (European Insurance and Occupational Pensions Authority). That is because internal audit is well-placed to provide an...

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  • Three lines of defence model crucial to success of non-financial reporting

    22/4/2016 NEW

    Internal audit can contribute most effectively to the successful implementation of the European Commission’s (EC) directive on non-financial reporting in organisations that have adopted the three lines of defence model of corporate governance, the ECIIA has told the EC. Independent internal audit departments can help organisations transform their...

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  • Internal auditors to create value from non-financial reporting directive

    21/4/2016 NEW

    Internal auditors can help companies obtain a holistic and accurate view of their activities by helping to properly implement the European Commission’s new non-financial reporting Directive, said ECIIA Vice President Farid Aractingi at a recent conference organised by ECIIA, ACCA and Ecoda. “Internal auditors partner with external assurance...

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  • Governance gap in Europe’s cyber laws

    22/3/2016 NEW

    Europe’s current legislation on cybersecurity does not include robust corporate governance processes to help businesses manage cyber risks across their operations, ECIIA says. ECIIA calls on the European Commission (EC) to develop legislation and guidance frameworks to promote integrated, cross-departmental approaches to manage cyber risks, in its response...

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  • ECIIA conference 2016 – early bird discount

    15/2/2016

    Secure your place and an early bird discount a ECIIA’s European Conference on Governance, Risk and Control 2016 – Navigating in rough waters. The conference will take place between 6th and 7th October 2016 at Stockholm’s Waterfront Congress Centre. There will be 4 plenary sessions and over 50...

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  • EBA clarifies internal audit’s position as third line of defence

    10/2/2016

    The European Banking Authority (EBA) has adopted important clarifications suggested by ECIIA over the role and position of internal audit in the governance structure of companies looking to adopt sound remuneration policies. In particular, EBA has said in the final draft of its Guidelines on sound remuneration policies...

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  • Internal auditors should be included in communication between auditors and supervisors

    28/1/2016

    Internal auditors should be included in the communication process over the scope of work to be undertaken by the statutory auditors and supervisors of credit institutions, the ECIIA has told the European Banking Authority. In a written response to the EBA’s consultation on how auditors and supervisors could...

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  • Enrol for CEE Conference 2016

    07/1/2016

    ceeconf2

    Booking is now open for internal auditors to enroll for CEE conference 2016 – Next generation of internal audit – problem solving 2016. The event, organised by IIA Hungary, will be...

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  • Greater sustainable investment is needed to promote growth in Europe

    07/1/2016

    Vĕra Jourová

    The Commissioner for Justice Věra Jourová said greater sustainable investment is required to promote growth in Europe at the 17th European Conference on Corporate Governance on 15 December 2015. She emphasised the...

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  • ECIIA to work with Commission’s DG Connect Group

    21/12/2015

    The ECIIA is to work with the European Commission’s DG Connect group to consult on the body’s emerging Digital Agenda for Europe Initiative. The move entails members of the ECIIA’s Public Affairs Committee and its Board responding to the EC’s ongoing consultations on data privacy and cybersecurity – two...

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