Recommendations for directors and board committees

A joint report from the European Confederation of Institutes of Internal Auditing (ECIIA) and the European Confederation of Directors’ Associations (ECODA)

This paper provides useful guidance to boards, governing bodies and individual directors on how to make effective use of the internal audit function, particularly in respect to assurance concerning the adequacy of the organisation’s risk management and internal control systems. It complements the recommendations published by FERMA and ECIIA on the risk management provisions of the EU 8th Company Law Directive.

This report is available on FERMA website at Making the most of Internal Audit—GUIDANCE