This agreement of collaboration follows the global memorandum of understanding reached in December between the International Organisation of Supreme Audit Institutes (INTOSAI) Professional Standards Committee and the Institute of Internal Auditors (IIA) in Johannesburg, South Africa, which reinforced the framework for cooperation between the two global standard-setting bodies that over the past three years has permitted significant milestones in guidance over control standards in the Public Sector (INTOSAI Guidance for Good Governance papers, Internal Audit Independence in the Public Sector, Co-ordination and Co-operation between Supreme Audit Institutes and Internal Auditors in the Public Sector).

Not only will the two bodies consult on emerging guidelines and efforts in Europe, they will promote joint research and share information and resources. In addition, ECIIA and EUROSAI representatives agree that Public Sector Control is not limited to financial control and that only by good governance, including the adoption of risk management frameworks that are common in the private sector, can a governmental entity’s mission be fulfilled with efficiency and integrity.

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