Internal Audit Office Mission
Director ad interim of Service:
Antoaneta Tasheva
management responsibility.
The mission of the Internal Audit Office (IAO) is to add value and improve EUI’s operations by providing risk-based and objective assurance, competent advice and insight. The IAO helps the Institute to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. In addition to the assurance, when performing consulting services, the IAO maintains its objectivity and does not assume
Realisation of yearly objectives
The year was characterised by an increased attention to the EUI Strategic Review direction toward the establishment of a Strategic Plan every five years, starting in 2019. Important EUI priorities such as Key Performance Indicators (KPIs), human and financial resources or quality and risk management fall into the expertise areas of the IAO, therefore, the Office demonstrated strong willingness to support and facilitate the respective engagements. Given the Institute’s motivation to improve accountability, transparency and trust, internal auditing within the EUI affirms the Office’s organisational role and contribution as a trusted advisor and catalyst for continuous improvement. Some of the relevant achievements are listed below. Analysis of needed changes of the EUI Internal Control System IAO performed a comparison between the 1992 and the 2013 COSO Internal Control System (ICS) Frameworks. EUI applies the former through the President’s Decision 43/2015. However, the extent of improvements suggested by the new framework were not considered critical enough to urge the respective alignment of EUI’s current ICS. EUI keeps applying the older version since there is an ongoing effort to build up and streamline the activity initiated in 2015, taking advantage of the momentum, in other words, while benefitting from its stability and continuity.
ACTIVITY REPORT 2019
127
