Internal Audit

Internal Audit

Internal audit

Banknotes ( Directorate )

Internal Audit ( Directorate )

( Directorate )

Internal Auditors Committee

Directorate Internal Audit Michèle Caparello Directorate General Information Systems Jim Etherington Deputy Hans Gert Penzel

Relationship with the ECB Audit Committee To provide assistance to the Governing Council , the Audit Committee receives the audit reports of D IA and of the Internal Auditors Committee ( IAC ) .

This system included a reinforced internal audit capability .

58 258. Report of the Office of Internal Oversight Services on the audit of the establishment and management of mission subsistence allowance rates

Over time, new offices proliferated an Office of Internal Audit, an Independent Evaluation Office, an Inspection Panel, a Chief Ethics Officer, and an Office of Institutional Integrity.

60 239. Implementation of the recommendations of the Office of Internal Oversight Services on its management audit of the regional commissions

The Director Internal Audit , within the framework of this Charter , defines the operational principles for the performance of D IA in an Internal Audit Manual .

Having considered the report of the Office of Internal Oversight Services on the audit of the establishment and management of mission subsistence allowance rates, See A 56 648.

Responsibilities D IA performs audit engagements as specified in the ECB audit plan as approved by the Executive Board .

D IA a ) prepares the ECB audit plan using a risk based methodology for approval by the Executive Board

As endorsed by the Executive Board , the internal audit adheres to the International Standards for the Professional Practice of Internal Auditing established by the Institute of Internal Auditors .

Article 7 Information on the closing of the investigation with no further action taken If , following an internal investigation , no case can be made out against an ECB employee or participant in a decision making body against whom allegations have been made , the internal investigation shall be closed , with no further action taken , by decision of the Director of the Office , who shall inform the concerned ECB employee or participant in a decision making body thereof in writing .

(d) Enhancement of the external audit functions of the Fund and expansion of the Fund's internal audit coverage

1. Takes note of the report of the Office of Internal Oversight Services on the audit of the establishment and management of mission subsistence allowance rates See A 56 648.

The role and the obligations of Internal Audit are summarised in the ECB Audit Charter approved by the ECB Executive Board

The Internal Auditors Committee , an ESCB committee established under a mandate from the Governing Council , is composed of the heads of internal audit at the ECB and the NCBs .

Reports of the Office of Internal Oversight Services

127. Decides to redeploy a P 5 post from subprogramme 1, Internal audit, to the Office of the Under Secretary General for Internal Oversight Services, for the function of a Special Assistant to the Under Secretary General at the P 5 level

Furthermore , D IA reviews the Eurosystem 's tasks and activities ( joint components ) in accordance with the ESCB Audit Policy .

(b) Strengthening of the Office of Internal Oversight Services

Application of IIA Standards and Code of Ethics D IA abides by the Institute of Internal Auditors ( IIA ) International Standards for the Professional Practice of Internal Auditing , including the IIA 's Code of Ethics . 3 .

The Internal Auditors Committee is responsible for audit missions under a mandate from the Governing Council .

58 279. Report of the Office of Internal Oversight Services on the audit of the Investment Management Service of the United Nations Joint Staff Pension Fund

D IA may intervene at the instruction of the Executive Board or on its own initiative .

Having considered the report of the Secretary General on the implementation of the recommendations of the Office of Internal Oversight Services on its management audit of the regional commissions,A 60 378.

Takes note of the report of the Secretary General on the implementation of the recommendations of the Office of Internal Oversight Services on its management audit of the regional commissions.A 60 378.

The internal audit component of the programme will aim to support the Bank of Russia 's risk based internal audit function , through training by and consultations with the experts of the Eurosystem .

2. Takes note with satisfaction of the approval of the United Nations Joint Staff Pension Board of an internal audit charter, which recognizes and incorporates policy changes for the Office of Internal Oversight Services of the Secretariat

The Directorate Internal Audit functions under the direct responsibility of the Executive Board .

Having considered the following reports of the Office of Internal Oversight Services

Moreover , the Audit Committee reports to the Governing Council and gives an opinion on the performance of the ECB 's internal audit function and on the activities of the IAC in compliance with the Eurosystem 's audit policy .

Having considered the report of the Office of Internal Oversight Services on the audit of the Investment Management Service of the United Nations Joint Staff Pension Fund,See A 58 81.

All activities , operations and processes of the ECB may be subject to internal auditing .

16. Requests the Office of Internal Oversight Services to ensure effective audit coverage of the capital master plan and to submit to the General Assembly all of its reports related to the implementation of the capital master plan

1. Takes note of the report of the Office of Internal Oversight Services on the audit of the Investment Management Service of the United Nations Joint Staff Pension Fund See A 58 81.

1. Notes with appreciation the work of the Office of Internal Oversight Services

3 Furthermore , the Internal Auditors Committee is responsible for audit missions under a mandate from the Governing Council .

D IA immediately informs the Executive Board of any attempt to hinder it in the performance of its duties .