IIA ja ECIIA blogidest

19 hours 49 minutes ago

The European Banking Authority (EBA) has opened a public consultation on its draft Guidelines for Environmental, Social, and Governance (ESG) scenario analysis. This consultation focuses on helping financial institutions improve their resilience against ESG-related risks by adopting forward-looking scenario analysis in their management frameworks. These Guidelines build on the existing EBA Guidelines for ESG risk management, released […]

The post EBA Consultation on Draft Guidelines for ESG Scenario Analysis appeared first on ECIIA.

EBA Consultation on Draft Guidelines for ESG Scenario Analysis

4 days 14 hours ago

With the rise of artificial intelligence in business, new regulations are being passed to mitigate its privacy, data security, and ethical risks. One of the most high-profile and comprehensive is the EU’s AI Act. The new Act assigns AI applications to three risk categories and obliges providers of high-risk systems to adhere to a series […]

The post Webinar | Understanding the EU AI Act: Are You Ready? appeared first on ECIIA.

Webinar | Understanding the EU AI Act: Are You Ready?

1 week 5 days ago

Artificial Intelligence (AI) is transforming industries, and with this transformation comes the need for robust regulations to mitigate risks and uphold ethical standards. The European Union’s AI Act, effective August 2024, introduces a framework to ensure AI systems align with fundamental rights and foster trust in innovation. Internal auditors have a vital role in helping […]

The post Master the AI Act: ECIIA’s Essential Guide for Internal Auditors appeared first on ECIIA.

Master the AI Act: ECIIA’s Essential Guide for Internal Auditors

1 week 6 days ago

ECIIA has reviewed the article “Beyond the Financial Balance Sheet: Embracing the Triple Bottom Line for Sustainable Business Success” by Audrey-Flore Ngomsik and Leen Vermeersch and shared insights. The article explores how businesses can rethink financial strategies by integrating sustainability factors alongside profit considerations. Key Insights from the Article The authors propose rethinking traditional financial […]

The post Balancing Profit and Sustainability: Rethinking Financial Strategies appeared first on ECIIA.

Balancing Profit and Sustainability: Rethinking Financial Strategies

1 month ago

As 2024 comes to a close, we want to take a moment to reflect and share something special with you. In this year’s holiday video, our president, Massimiliano Turconi takes us on a journey through ECIIA’s highlights: the challenges we faced, the milestones we reached, and the community that made it all possible—you. Thank you […]

The post Happy Holidays from ECIIA! appeared first on ECIIA.

Happy Holidays from ECIIA!

1 month ago

European banks continue to view ML/TF risk as a significant concern, with 13% identifying it as a key factor in operational risk. Macroeconomic uncertainty, driven by geopolitical tensions and political developments, remains elevated. While slightly less prominent, the risk of laundering proceeds from fraud has risen in importance. Twenty-two percent of banks now rate it […]

The post EBA: Annual Risk Assessment of the European Banking System appeared first on ECIIA.

EBA: Annual Risk Assessment of the European Banking System

1 month 1 week ago

On January 17, 2025, ECIIA organised an essential free webinar on Implementing the Global Internal Audit Standards in the European Public Sector. The Global Internal Audit Standards (GIAs), effective January 9, 2025, are a transformative framework to elevate internal audit quality in the European public sector. These standards include significant structural and content changes, providing […]

The post Webinar | How to Implement the GIAs in the European Public Sector? appeared first on ECIIA.

Webinar | How to Implement the GIAs in the European Public Sector?

1 month 2 weeks ago

The European Commission (EC) has released a comprehensive set of FAQs designed to assist stakeholders, including SMEs, in navigating the implementation of the EU taxonomy—a classification system for sustainable economic activities. This initiative aligns with the EC’s simplification agenda and aims to reduce the administrative burden on companies adopting the EU sustainable finance framework. By […]

The post New FAQs for Simpler EU Taxonomy Implementation appeared first on ECIIA.

New FAQs for Simpler EU Taxonomy Implementation

1 month 2 weeks ago

ECIIA and EIRG (European Institute Research Group) are hosting a webinar on Internal Audit and Human Capital, on Wednesday, January 22, 2025, at 11:00 AM (CET). The 2025 edition of Risk in Focus (RiF) has once again highlighted Human Capital as the second biggest risk. It is also expected to remain in the top three […]

The post Webinar | Risk in Focus 2025: Human Capital appeared first on ECIIA.

Webinar | Risk in Focus 2025: Human Capital