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Auditors need to adopt dynamic auditing – Henrik Stein interview NEW
March 2017

Auditors need to adopt dynamic auditing techniques to remain competitive in today’s fast-moving business environment, ECIIA President says in an interview with IIA Greece’s newsletter.

“Internal auditors must establish a dynamic and efficient approach to identify, address and report risks early,” he says. To do so, auditors can adopt dynamic audit planning strategies, for example, and make the connections between the second and third lines of defence stronger. “Communication throughout the entire organisation is crucial,” he adds.

Stein also urges auditors to keep their skills up to date through continuous training. They need to keep an open mind to properly identify and understand new and emerging risks he adds.

In addition, promoting the internal audit function within the organisation through modern forms of communication, such as social media, is crucial. “Make sure you network within the organisation as well as with external colleagues to get a sense of the challenges each is facing,” he says.

Read the full interview here.

ECIIA 2017 conference – early bird offer NEW
March 2017 Basel 2017

Take advantage of the early bird offer on the ECIIA’s 2017 conference by booking now.

IIA Switzerland will host the ECIIA Conference 2017 between 21st and 22nd of September 2017 in Basel in Switzerland.

The theme for the conference is From insight to influence and will comprise:

  • two conference days with plenary sessions and several tracks with concurrent sessions
  • more than 40 outstanding speakers
  • Welcome Reception on Wednesday 20th September in the Museum Kleines Klingental in Basel
  • Gala Dinner with traditional touch of Basel
  • Modern bright daylight-flooded conference centre

Speakers include:

  • ECIIA President Henrik Stein
  • Novartis CEO Joseph Jimenez
  • CAE at ABN Amro Bank and Chair of IIA Netherlands John Bendermacher
  • Head of Corporate Audit at Villeroy and Boch Dr. Rainer Lenz
  • Chief Audit and Sustainability Executive at Autogrill Group and ECIIA Board member Silvio de Girolamo
  • President of FERMA Jo Willaert
  • And many more.

Book now by clicking here

Tags: Conference, ECIIA
Join the governance debate in Malta NEW
March 2017

ECIIA members are invited to sign up today for a major debate at the 20th European Corporate Governance Conference to take place on 4th May in Malta.

The conference will open with keynote speeches from the Maltese Minister for Finance, Edward Scicluna, and the Commissioner for Justice, Consumers and Gender Equality Minister Vĕra Jourová.

Panel discussions on creating long-term value, rebuilding trust with corporate governance, corporate social responsibility and digitisation promise to tackle the most pressing issues facing internal auditors and their stakeholders. Silvio de Girolamo, ECIIA Board Member and Chief Audit Executive, Autogrill Group is a panellist.

“This conference represents a fantastic opportunity for auditors to get up-to-speed with the most recent corporate governance thought-leadership,” Henrik Stein, ECIIA President, says. “The lessons learned should help auditors better understand where their work can add value.”

View the programme here.

Sign up today here.

EBA guidelines need to better reflect internal audit’s proper role
February 2017

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 control function, checking and confirming adherence to existing rules,” ECIIA President Henrik Stein says in a letter to EBA. “However, internal audit has developed significantly in the past decade.”

Today, internal audit it plays an important supporting role to management across the range of its management and supervisory functions, giving assurance, advice and insight, he adds.

An up-to-date definition of audit’s role can be found in the IIA’s International Professional Practices Framework (IPPF). This includes, International Standards for the Professional Practice of Internal Auditing, the definition of internal auditing, the code of ethics, practice advisories and other guidance.

Read ECIIA’s specific proposals here.

Cyber security moves up agenda at Council of EU
February 2017

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 in Brussels in December to discuss a range of issues that need urgent attention. Those included how the Network and Information Security Directive (NIS) and the EU’s €1.8bn public-private partnership will help in the fight against cybercrime.

“This is an important initiative in an area of rapid change,” ECIIA President Henrik Stein, says. “Internal auditors will need to pay close attention to the outcome of such discussions if they are to continue to provide sound assurance over their organisations’ cyber responsibilities.”

Meanwhile, ECIIA and the Federation of European Risk Management Associations (FERMA) have already launched a joint initiative aimed at helping organisations strengthen their cyber defences. Its key objective is to help businesses define the best governance model when managing cyber risk.

For a summary of the conference, click here.

Theme author: Web developer Front End Developer Wordpress developer Web developer Front End Developer Wordpress developer Notariusz Szczecin