A Coup for Internal Audit Advocacy in the European Union
The European Confederation of Institute of Internal Auditing (ECIIA) recently cohosted a roundtable event with Parliament Magazine, a Brussels-based publication and political news and information website providing real-time news and analysis of key issues and debates within EU institutions.
The event focused on non-financial reporting and building trust with internal audit and gave attendees the chance to discuss an important new directive on the topic. Non-financial reporting is set to become increasingly required for businesses since the directive was adopted last year in the EU and is in the process of being implemented in the member states.
Event speaker Silvio de Girolamo, ECIIA board member and chief audit and sustainability executive for Autogrill group and his fellow colleagues of the ECIIA have been cultivating the relationships and advocating on behalf of internal audit at the EU level for a long time to bring about this type of progress and lively discussion.
It is a victory for the ECIIA’s volunteers and proponents to have hosted this event in conjunction with Parliament Magazine and with high-ranking and authoritative participants such as event host Igor Šoltes, a Slovenian MEP and former president of his country's court of audit, who told attendees, "you have the means, and above all, the knowledge to raise awareness on building trust with internal audit, and the first task is to help various publics to understand its importance."
On the new non-financial reporting directive, Girolamo said “we need to reinforce it with international law and harmonize with different geographical dimensions, giving greater transparency and trust to stakeholders who have the long-term performance of a company in mind.” Read more about the roundtable and the importance of the EU’s new guidelines here.