IIA ja ECIIA blogidest

25.09.2020 - 16:24

Mike Jacka

Hypocrisy and Internal Audit

​Hypocrisy is the epitome of unethical behavior. Internal auditors must be alert for it everywhere we look and in everything we do.

22.09.2020 - 17:07

ECIIA

Risk in Focus 2021: hot topics for internal auditors

For the past five years Risk in Focus has sought to highlight the key risk areas identified by Chief Audit Executives (CAEs). The purpose of this...

21.09.2020 - 00:30

Richard Chambers

We Are Here to Help You — This Time We (Really) Mean It

I believe 2020 presents a great opportunity to closely examine how we are viewed and how we can change any mistaken perceptions in the minds of skeptical clients. 

18.09.2020 - 07:55

Mike Jacka

I Remember It Exactly

​The memory of what we have seen with our own eyes isn't what we think it is.

16.09.2020 - 17:02

ECIIA

European Commission: a sustainable and transformational recovery

European Commission President Ursula von der Leyen today pledged that the European Commission will drive a sustainable and transformational recovery that will give Europe a global platform to lead economically, environmentally and geopolitically. The initial objectives remain,...

15.09.2020 - 13:18

ECIIA

Webinar- GDPR & Corporate Governance: evaluation after 2 years implementation

ECIIA and FERMA are organising a joint webinar entitled  “GDPR & Corporate Governance: evaluation after 2 years implementation.”

...

15.09.2020 - 08:07

Mike Jacka

Adding Value to the Value-Adding Value We Add

​Was there a time you weren't adding value?

13.09.2020 - 23:45

Richard Chambers

Internal Audit, COVID-19 Risks, and the Year Ahead

Anticipating risks has never been more critical than it is today. 

11.09.2020 - 07:00

Mike Jacka

SOX, Internal Audit, and a Disturbing Number

​Internal audit's involvement in SOX compliance: is the news good or bad?

09.09.2020 - 11:00

ECIIA

European Commission: new consultation on Sustainable Corporate Governance

The Commission published the findings of its study on directors’ duties and sustainable corporate governance. The study shows that listed companies...

07.09.2020 - 11:52

ECIIA

Towards a more resilient Europe post-coronavirus: An initial mapping of structural risks facing the European Union

The current coronavirus crisis emphasises the need for the European Union to devote more effort to anticipatory governance, notably through analysis of medium- and long-term global trends, as well as structured contingency planning and the stress-testing of existing and future policies. In order...

07.09.2020 - 11:38

ECIIA

EBA: updated work programme for 2020 in light of the COVID-19 pandemic

EBA has published its revised working program. Main assumptions that impact advocacy are:

  • Freeze of publication of new consultation papers, unless considered critical
  • Limit to the minimum interaction with the industry. Only voluntary exercises with industry were planned...

07.09.2020 - 02:07

Richard Chambers

Curse of the Happy Workpapers

When everything an internal auditor encounters during the course of an audit is simply captured and included in the workpapers, they soon can be measured in linear feet.

01.09.2020 - 07:16

Mike Jacka

Who Are You Following

​When you accept poor leadership, what does it say about you?

31.08.2020 - 15:50

Richard Chambers

When Lines to Internal Audit Fall Silent, It's Time to Reach Out

One thing the tumult of this historic disturbance has reaffirmed for me professionally is the value of building strong relationships with our stakeholders.

28.08.2020 - 05:25

Mike Jacka

A Gentle Reminder in Song

A tip regarding sartorial choices and meeting etiquette.

25.08.2020 - 07:22

Mike Jacka

Rolling Quarterly Measures

​When goals aren't met do you apologize for them, change them, analyze them, or all of the above?

24.08.2020 - 15:55

Richard Chambers

Disruption Brings More Calls to Action for Internal Audit

At least three publications released in just the past few weeks warrant every internal auditor's perusal.

18.08.2020 - 06:52

Mike Jacka

Three Unrelated Questions

​Some thoughts on risk assessment, administration, and skillsets.

17.08.2020 - 15:49

Richard Chambers

For Internal Audit, Success Boils Down to Five A's

There are some basic axioms that I believe define success for any internal audit function.

14.08.2020 - 07:06

Mike Jacka

Success Ain't What It Used to Be

​In changing times, success must be redefined.

10.08.2020 - 16:24

Richard Chambers

Strong and Effective Internal Audit Is Essential to Keeping Companies out of Trouble

Hefty fines levied by U.S. regulators last week provide new examples of how ineffective controls can lead to significant problems.

07.08.2020 - 06:32

Mike Jacka

You Can't Handcuff a Customer

​Customers will always have a choice, no matter how an organizaiton tries to force them to stay. 

04.08.2020 - 06:35

Mike Jacka

Travel, Insurance, Bailouts, and Customers

​In helping the organization navigate the current crisis, internal audit should also help ensure the customer is considered. 

03.08.2020 - 13:45

ECIIA

EIOPA: key financial stability risks of the European insurance and pensions sector

The European Insurance and Occupational Pensions Authority (EIOPA) published its July 2020 Financial Stability Report of the (re)insurance and occupational pensions sectors in the European Economic Area.

During the last months, the Covid-19 outbreak further proved the importance of the...

03.08.2020 - 13:36

ECIIA

European Commission: feedback report on the NFRD consultation

The European Commission has just issued the feedback report on the recent consultation on the Non-Financial reporting...

29.07.2020 - 12:12

ECIIA

EIOPA: Impact of ultra-low yields on the insurance sector, including first effects of COVID-19 crisis

Insurers are significantly challenged in terms of asset allocations, profitability, solvency and business model adaption. The low-interest rate environment was and still is, also after Covid-19, one of the main issues for the insurance market.

Given this context, the report assesses...

29.07.2020 - 12:05

ECIIA

ECB: Report on preparations for benchmark rate reforms

The ECB published a report on preparations for benchmark rate reforms. The purpose of this report is to share good practices that the ECB...

28.07.2020 - 16:58

ECIIA

White Paper on Artificial Intelligence: Public consultation towards a European approach for excellence and trust

The European Commission has just issued the consolidation of the feedback of the consultation where ECIIA has also participated.

...

28.07.2020 - 12:51

ECIIA

ECB: Annual report on the outcome of the SREP IT Risk Questionnaire – Feedback to the industry

In the light of the European Banking Authority (EBA) Guidelines on ICT Risk Assessment under the Supervisory Review and Evaluation process (SREP), ECB Banking Supervision together with the National Competent Authorities developed a dedicated SREP IT risk assessment methodology. This includes the...

28.07.2020 - 12:13

ECIIA

Best practices: measures offered to consumers and businesses in the context of COVID-19 crisis

The European Commission has welcomed a list of ‘best practices’ agreed by the financial sector, and consumer and business organisations, to help further mitigate the impact of the coronavirus pandemic. It sets out concretely how different market participants can support citizens and...

28.07.2020 - 07:20

Mike Jacka

Erratic Boulders

​Everything we learn has value, even if we don't immediately know what that value may be.

27.07.2020 - 15:52

Richard Chambers

Understanding the Roots in Internal Audit's Response to COVID-19

One of the clearest threats to quality is in failing to dig deep enough to expose the root causes of control failures and weaknesses.

24.07.2020 - 07:51

Mike Jacka

Improvising Internal Audits

​Letting go may be the best way to achieve the best results.

23.07.2020 - 17:54

ECIIA

Coronacrisis: actions for the public sector

The coronavirus crisis has resulted in the most rapid deployment of government financial resources outside of major wars. Most governments have produced support programmes with admirable speed.

Accountancy Europe provides ideas on how the public sector can counter the crisis’ impact on...

23.07.2020 - 14:33

ECIIA

EBA: overview of public guarantee schemes issued in response to the Covid-19 pandemic

The European Banking Authority (EBA) published a list of the public guarantee schemes issued in response to the COVID-19 pandemic. This publication, which complements the information included in the ...

22.07.2020 - 17:06

ECIIA

Internal Audit’s response to COVID-19 in Europe

The COVID-19 pandemic has been disruptive around the world. Internal auditors have a unique opportunity to step up in the face of unprecedented risks. In the latest “insights and Advice” video, IIA Spain CEO, Javier...

22.07.2020 - 16:34

ECIIA

Welcoming Bulgaria & Croatia to European banking supervision

Bulgaria and Croatia are joining European banking supervision as the ECB establishes close cooperation with their national supervisory authorities.

The ECB will start supervising significant Bulgarian and Croatian banks on 1 October 2020 after the significance assessment.

...

21.07.2020 - 06:35

Mike Jacka

The Curse of Success

​Success often tries to breed success...unsuccessfully.

20.07.2020 - 13:49

ECIIA

EIOPA responds to the European Commission’s consultation on a renewed sustainable finance strategy

The European Insurance and Occupational Pensions Authority (EIOPA) submitted its response to the consultation of the European Commission on a renewed sustainable finance strategy.
 
EIOPA strongly supports the work that is being undertaken by the European Commission to promote a...

20.07.2020 - 12:39

ECIIA

What is the impact of COVID-19 on Boards?

Ecoda’s webinars | summary of the main discussions*

1.    Ethics remain a “driving force” 

Companies with strong ethics have created a relationship of trust with their stakeholders...

20.07.2020 - 12:17

ECIIA

EBA supports EU Commission’s actions towards a more sustainable European economy

The European Banking Authority (EBA) published its response to the European Commission’s consultation on a Renewed Sustainable Finance Strategy.

In its response, the EBA agrees with a wide range of possible EU-level actions to support financing of the transition to a more sustainable...

20.07.2020 - 11:56

ECIIA

European Commission: NIS Directive Roadmap consultation

The article 23 of the NIS Directive requires the European Commission to review its functioning periodically. As part of its key policy objective to make “Europe fit for the digital age” as well as in line with the objectives of the Security Union, the Commission announced in its Work Programme...

20.07.2020 - 05:13

Richard Chambers

New IIA Three Lines Model Offers Timely Evolution of a Trusted Tool

The model promises to change the way many organizations look at risk, controls, collaboration, communication, accountability, assurance, and more.

17.07.2020 - 06:35

Mike Jacka

Independence and Objectivity; the Department and the Person

​Determining if an issue relates to independence or objectivity really hinges on a simple concept.

15.07.2020 - 14:39

ECIIA

European Court of Auditors: new report

European Court of Auditors recommends that Commission review methods of monitoring EU climate-related expenditure.

European Union spending on climate action risks being overestimated in the absence...

13.07.2020 - 15:44

Richard Chambers

COVID-19 Demands Audit Committee Effectiveness: 6 Recommendations

Heads of audit should be looking at these recommendations and thinking about how they can help their audit committee improve in each area.

10.07.2020 - 07:17

Mike Jacka

Learning From the Past While Watching the Future

​Look to the past for risks that have been missed, but look to the future for ones that are coming.