AI is transforming how organisations operate—and with it comes a new set of risks and responsibilities. As the EU’s AI Act sets the regulatory stage, internal auditors are expected to understand, assess, and navigate this evolving landscape. Join us for this timely webinar, based on the recent paper by IIA Global and IIA Spain: “Internal […]
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ECIIA was pleased to participate in the CSRD Practice Forum roundtable on 4 April 2025, where we shared our views alongside other stakeholders on the implementation of the European Sustainability Reporting Standards (ESRS). Accountancy Europe and the European Contact Group have now published the meeting report and the presentation slides with key insights and early […]
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The European Central Bank (ECB) has recently published a report outlining the EU’s approach to tackling greenwashing. The ECB recommends that future greenwashing legislation should build on the existing sustainability disclosure framework, including legislation like the EU Taxonomy, the Corporate Sustainability Reporting Directive (CSRD), and the Corporate Sustainability Due Diligence Directive (CSDDD). The goal is […]
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The European Banking Authority (EBA) has published a new report assessing how financial institutions are sourcing and using ESG data to identify and measure associated risks. While the findings show that banks and investment firms are making progress, the EBA also points out some persistent challenges, especially in accessing reliable, comparable, and granular data. This […]
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On 3 April 2025, Commissioner for Financial Services and the Savings and Investments Union, Maria Luís Albuquerque, addressed the EFRAG Sustainability Reporting Board (SRB), outlining the European Commission’s expectations for the revision of the European Sustainability Reporting Standards (ESRS). In her letter, the Commissioner officially mandated EFRAG to revise the ESRS in line with the […]
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New Insight from the ECB In the latest Macroprudential Bulletin, the European Central Bank examines the link between geopolitical risk and bank solvency. The analysis, covering 120 years of data, reveals that heightened geopolitical tensions often lead to lower bank capitalisation, impacting economic stability. Key findings include: Explore the full article to understand how policymakers […]
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In line with the European Commission’s goal to reduce reporting burdens and enhance competitiveness, the European Parliament has voted on the Omnibus I proposal, bringing legal clarity to the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD). Key takeaways: This decision aims to provide businesses with the necessary time and […]
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ECIIA was delighted to host another Risk in Focus Webinar, this time focusing on climate change, biodiversity, and environmental sustainability risks, especially in the light of important regulations such as the Corporate Sustainability Reporting Directive (CSRD). The key facts included in the latest Risk in Focus 2025 publication, include: It is clear that internal auditors […]
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With the Omnibus package under discussion, ESG reporting is more important than ever. Reliable internal control systems are key to ensuring transparency and accountability in sustainability disclosures. IIA Spain, in collaboration with the main stakeholders, has released “Internal Control over Sustainability Reporting (ICSR)”—a practical guide highlighting the vital role of internal audit and other important […]
The post Strengthening ESG Reporting – A New Guide on Internal Control Over Sustainability Reporting appeared first on ECIIA.
Cyber threats are evolving daily, pushing EU regulators to introduce new standards like DORA and NIS2 to enhance cyber resilience and mandate incident disclosure. A recent AuditBoard and Ascend2 Research survey reveals that many risk, InfoSec, and IT compliance professionals are concerned about the impact of these regulations on their work. Internal auditors and IT […]
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