|
Internal Audit Service (European Commission)
The Internal Audit Service or IAS is a Directorate-General (DG) of the European Commission that was established in 2001 to contribute to an increased accountability of the Commission. The Commissioner responsible for the IAS is Piotr Serafin, who chairs the Commission’s Audit Progress Committee. The director-general of the IAS is the Internal Auditor of the Commission. Mission The mission of the IAS is to: * provide independent assessment (‘assurance’) of the effectiveness of the governance, management and internal control systems, in the form of the audit opinions, * present recommendations aimed at ensuring the efficient and effective achievement of the Commission's objectives, * provide advice and insight. History Background The European Commission adopted its first Financial Regulation in 1962, in which internal control was implemented by separating the roles of authorising officer, financial controller and accounting officer. However, as the Commission grew a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Directorate-General
Within the European Union (EU), Directorates-General are departments with specific zones of responsibility. Within the European Commission specifically, Directorates-General are the equivalent of national-level Ministry (government department), ministries. Most are headed by a European commissioner, responsible for the general direction of the Directorate-General, and in charge of (politically responsible for) the corresponding policy area; and a director-general, responsible for the management of day-to-day affairs, who reports to the European Commissioner. Nearly all of the top-level organisational divisions of the Secretariat of the European Parliament and the General Secretariat of the Council of the European Union are also termed Directorates-General. The European Patent Office (part of the European Patent Organisation, separate from the EU) also has European Patent Office#Departments and directorates-general, Directorates-General, which are administrative groupings of depar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neil Kinnock
Neil Gordon Kinnock, Baron Kinnock (born 28 March 1942) is a Welsh politician who was Leader of the Opposition (United Kingdom), Leader of the Opposition and Leader of the Labour Party (UK), Leader of the Labour Party from 1983 Labour Party leadership election (UK), 1983 to 1992 Labour Party leadership election, 1992. He was a Member of Parliament (United Kingdom), Member of Parliament (MP) from 1970 to 1995, first for Bedwellty (UK Parliament constituency), Bedwellty and then for Islwyn (UK Parliament constituency), Islwyn. He was Vice-President of the European Commission from 1999 to 2004. Kinnock was considered to be on the soft left of the Labour Party. Born and raised in South Wales, Kinnock was first elected to the House of Commons of the United Kingdom, House of Commons in the 1970 United Kingdom general election, 1970 general election. He became the Labour Party's shadow education minister after the Conservatives won power in the 1979 United Kingdom general election, 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OLAF
Olaf or Olav (, , or differences between General American and Received Pronunciation, British ; ) is a Dutch, Polish, Scandinavian and German given name. It is presumably of Proto-Norse origin, reconstructed as ''*Anu-laibaz'', from ''anu'' "ancestor, grand-father" and ''laibaz'' "heirloom, descendant". Old English forms are attested as ''Ǣlāf'', ''Anlāf''. The corresponding Old Novgorod dialect form is ''Uleb''. A later English form of the name is ''Olave''. In the Norwegian language, ''Olav'' and ''Olaf'' are equally common, but Olav is traditionally used when referring to Norwegian royalty. The Swedish language, Swedish form is ''Olov'' or ''Olof'', and the Danish language, Danish form is ''Oluf''. It was borrowed into Old Irish and Scottish Gaelic with the spellings ''Amlaíb'' and ''Amhlaoibh'', giving rise to modern version ''Aulay''. The name is Latinisation of names, Latinized as ''Olaus''. Notable people North Germanic Denmark *Olaf I of Denmark, king 1086–1095 *Ola ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Audit Executive
The chief audit executive (CAE), director of audit, director of internal audit, auditor general, or controller general is a high-level independent corporate executive (management), executive with overall responsibility for internal audit. Publicly traded corporations typically have an internal audit department, led by a chief audit executive ("CAE") who reports functionally to the audit committee of the board of directors, with administrative reporting to the chief executive officer. The profession is unregulated, though there are a number of international standard setting bodies, an example of which is the Institute of Internal Auditors ("IIA"). The IIA has established Standards for the Professional Practice of Internal Auditing and has over 150,000 members representing 165 countries, including approximately 65,000 Certified Internal Auditors. The CAE is intrinsically an independent function; otherwise it may become dysfunctional and of low quality (but there are many degrees ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European External Action Service
The European External Action Service (EEAS) is the diplomatic service in charge of executing all Foreign relations of the European Union, international relations of the European Union. The EEAS is led by the Vice-President of the European Commission, vice-president of the European Commission for High Representative of the Union for Foreign Affairs and Security Policy, Foreign Affairs and Security Policy (HR/VP), who is also President of the Foreign Affairs Council, and carries out the EU's Common Foreign and Security Policy (CFSP), including the Common Security and Defence Policy (CSDP). The EEAS does not propose or implement policy in its own name, but prepares acts to be adopted by the High Representative of the Union for Foreign Affairs and Security Policy, High Representative, the European Commission or the Council of the European Union, Council. The EEAS is also in charge of EU diplomatic missions (List of diplomatic missions of the European Union, delegations) and intel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ex-ante
The term (sometimes written or ) is a New Latin phrase meaning "before the event". In economics, ''ex-ante'' or notional demand refers to the desire for goods and services that is not backed by the ability to pay for those goods and services. This is also termed as 'wants of people'. ''Ex-ante'' is used most commonly in the commercial world, where results of a particular action, or series of actions, are forecast (or intended). The opposite of ''ex-ante'' is '' ex-post'' (actual) (or ''ex post''). Buying a lottery ticket loses you money ''ex ante'' (in expectation), but if you win, it was the right decision ''ex post''. Examples Finance * In the financial world, the ''ex-ante return'' is the expected return of an investment portfolio. * In the recruitment industry, ''ex-ante'' is often used when forecasting resource requirements on large future projects. The ''ex-ante'' (and ''ex-post'') reasoning in economic topics was introduced mainly by Swedish economist Gunna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Member States Of The European Union
The European Union (EU) is a political and economic union of 27 member states that are party to the EU's founding treaties, and thereby subject to the privileges and obligations of membership. They have agreed by the treaties to share their own sovereignty through the institutions of the European Union in certain aspects of government. State governments must agree unanimously in the Council for the union to adopt some policies; for others, collective decisions are made by qualified majority voting. These obligations and sharing of sovereignty within the EU (sometimes referred to as supranational) make it unique among international organisations, as it has established its own legal order which by the provisions of the founding treaties is both legally binding and supreme on all the member states (after a landmark ruling of the ECJ in 1964). A founding principle of the union is subsidiarity, meaning that decisions are taken collectively if and only if they cannot realistical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Investment Bank
The European Investment Bank (EIB) is the European Union's investment bank and is owned by the 27 member states. It is the largest multilateral financial institution in the world. The EIB finances and invests both through equity and debt solutions companies and projects that achieve the policy aims of the European Union through loans, equity and guarantees. The EIB focuses on the areas of climate, environment, small and medium-sized enterprises (SMEs), development, cohesion and infrastructure. It has played a large role in providing finance during crises including the 2008 financial crisis and the COVID-19 pandemic. Over 60 years since its inception in 1958 to 2018 the EIB has invested over 1.1 trillion euros. It primarily funds projects that "cannot be entirely financed by the various means available in the individual Member States". The EIB is one of the biggest financiers of Sustainable finance, green finance in the world. In 2007, the EIB became the first institution in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institute Of Internal Auditors
The Institute of Internal Auditors (The IIA) is an international professional association. The IIA offers professional certifications and provides standards for the internal audit profession. History The IIA was established in November 1941. The first five chapters were founded in five cities the following year. The first international chapter was established in Toronto in 1944. Additional international expansion outside North America occurred in London and Manila in 1948, with chapters in Japan and Australia in 1952. The IIA ''Code of Ethics'' was formally adopted in 1968. A common body of knowledge followed in 1972. The Certified Internal Auditor examination was established in 1974. The IIA first issued professional standards, the ''Standards for the Professional Practice of Internal Auditing'', in 1978. In 1985, The IIA was one of the original sponsors of the Committee of Sponsoring Organizations (the Treadway Commission). In 2025, The IIA had more than 260,000 me ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commission
The European Commission (EC) is the primary Executive (government), executive arm of the European Union (EU). It operates as a cabinet government, with a number of European Commissioner, members of the Commission (directorial system, informally known as "commissioners") corresponding to two thirds of the number of Member state of the European Union, member states, unless the European Council, acting unanimously, decides to alter this number. The current number of commissioners is 27, including the president. It includes an administrative body of about 32,000 European civil servants. The commission is divided into departments known as Directorate-General, Directorates-General (DGs) that can be likened to departments or Ministry (government department), ministries each headed by a director-general who is responsible to a commissioner. Currently, there is one member per European Union member state, member state, but members are bound by their oath of office to represent the genera ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Audit
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. Internal auditing might achieve this goal by providing insight and recommendations based on analyses and assessments of data and business processes. With commitment to integrity and accountability, internal auditing provides value to governing bodies and senior management as an objective source of independent advice. Professionals called internal auditors are employed by organizations to perform the internal auditing activity. The scope of internal auditing within an organization may be broad and may involve topics such as an organization's governance, risk management and management controls over: efficiency/effectiveness of operations ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
