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The changing face of internal audit in Europe: (re)focus on basics
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The ECIIA's 2017/2018 Annual Report is out! ECIIA presented the document and the advocacy plans for 2019, at the last General Assembly, in Madrid
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Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation’s operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
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The ECIIA's mission is to enhance corporate governance through the promotion of the professional practice of internal auditing. Be the voice of the profession at a European level and promote the profession in economically emerging countries.
MORE29/10/2018 NEW
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...
more16/10/2018 NEW
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...
more08/10/2018
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...
more28/9/2018
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...
more03/9/2018
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...
more22/6/2018
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...
more04/6/2018
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...
more24/5/2018
Europe’s General Data Protection Regulationcame into effect on 25 May after a mammoth effort by organisations throughout Europe and beyond to prepare for the launch date. The regulations give greater protection for individuals over how their data can be collected, processed and retained. While internal auditors in many...
more02/5/2018
In the rush to comply with pressure to disclose ever-increasing levels of non-financial information, companies could inadvertently erode stakeholder trust by publishing too much data, delegates heard at the 22nd European Corporate Governance Conference in Sofia this April. Since statutory auditors in Europe – with the exception of...
more29/3/2018
The ECIIA has welcomed the launch of a ‘fitness check’ consultation on the EU’s public reporting framework for companies. The consultation will look at whether the framework is fit for purpose, is relevant for meeting the EU’s objectives and adds value at a European level. It will also...
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