INTERNAL AUDIT OVERSIGHT OF EXTERNAL OUTSOURCING

INTERNAL AUDIT OVERSIGHT OF EXTERNAL OUTSOURCING

ECIIA set up a Banking Committee in 2015 with Chief Audit Executives of European Central Bank Supervised Banks.The mission of the ECIIA  Banking Committee is : “To be the consolidated voice for the profession of internal auditing in the Banking Sector in Europe by dealing with the European Regulators and any other appropriate institutions of influenceand to represent and develop the Internal Audit profession and good Corporate Governance in the Banking Sector in Europe ”The paper describes best practice from thepractitioners, but it is important to note that,depending on the culture, size, business and localrequirements, other options are possible.