ECB Audit ESCB Audit Executive Board 1 2

Chairmanship of the ECB Audit Committee

Relationship with the ECB Audit Committee To provide assistance to the Governing Council , the Audit Committee receives the audit reports of D IA and of the Internal Auditors Committee ( IAC ) .

Internal Audit The Directorate Internal Audit reports directly to the Executive Board .

The Directorate Internal Audit performs audit missions under the responsibility of the Executive Board .

Corporate Governance Creation of an ECB Audit Committee

Joint Committee Board of Appeal

Responsibilities D IA performs audit engagements as specified in the ECB audit plan as approved by the Executive Board .

INTERNAL CONTROL LAYERS In 2003 the ECB 's internal audit continued to perform audit missions under the responsibility of the Executive Board .

The Directorate Internal Audit functions under the direct responsibility of the Executive Board .

Moreover , the Directorate Internal Audit , which reports directly to the President of the ECB , continuously performs audit missions under a mandate from the Executive Board .

Moreover , the Directorate Internal Audit , which reports directly to the President of the ECB , continuously performs audit missions under a mandate from the Executive Board .

and supporting the work of the General Board , the Steering Committee and the Advisory Technical Committee .

Independently from the control structure and risk monitoring of the ECB , audit missions are performed by the Directorate Internal Audit under the responsibility of the Executive Board .

The Internal Auditors Committee is responsible for audit missions under a mandate from the Governing Council .

The mandate of the Directorate Internal Audit is defined in the ECB Audit Charter approved by the Executive Board ( last amended 31 July 2007 ) ( pdf 23.9 kB , en ) .

ECB Audit ESCB Audit

Moreover , the Audit Committee reports to the Governing Council and gives an opinion on the performance of the ECB 's internal audit function and on the activities of the IAC in compliance with the Eurosystem 's audit policy .

Independently from the internal control structure and risk monitoring of the ECB , audit missions are performed by the Directorate Internal Audit under the direct responsibility of the Executive Board .

Independently from the internal control structure and risk monitoring of the ECB , audit missions are performed by the Directorate Internal Audit under the direct responsibility of the Executive Board .

The ESRB shall have a General Board , a Steering Committee , and a Secretariat and an Advisory Technical Committee .'

Committee , a member of the Executive Board presented the main features of the information campaign to the Committee .

The T2S Programme Board shall be subject to reporting obligations , controlling and audit , as defined in this Guideline .

d ) monitors and assesses the implementation status of audit recommendations and reports on this to the Executive Board

Audit Missions Audit Services Divisions

3 Furthermore , the Internal Auditors Committee is responsible for audit missions under a mandate from the Governing Council .

An ECB Audit Committee further enhances the corporate governance of the ECB and the Eurosystem as a whole .

NB 1 ) The EPC Co ordination Committee will become the ECBS Board

annually reports to the Executive Board on the realisation of the annual ECB audit plan and other relevant activities

The Bank shall be directed and managed by a Board of Governors, a Board of Directors and a Management Committee.

The Bank shall be directed and managed by a Board of Governors , a Board of Directors and a Management Committee .

The Audit Committee receives systematically the executive summaries of the reports and the full reports are available upon request .

The Executive Board has taken account of the views of the Statistics Committee ,

The ESRB shall have a General Board , a Steering Committee and a Secretariat .'

The Internal Auditors Committee , an ESCB committee established under a mandate from the Governing Council , is composed of the heads of internal audit at the ECB and the NCBs .

2 Furthermore , the Internal Auditors Committee is responsible for audit missions under a mandate from the Governing Council to ensure audit coverage for joint projects and joint operational systems at the ESCB level .

In addition , the Internal Auditors Committee ( see Section 4 ) ensures EU wide co operation among the ESCB 's internal audit functions , by jointly defining audit programmes and audit standards to be used in a decentralised manner for the review of ESCB wide common infrastructures .

Article 8 The Bank shall be directed and managed by a Board of Governors , a Board of Directors and a Management Committee .

The EPCO Steering Committee shall report via the Executive Board to the Governing Council .

The chair of the ESRB chairs both the General Board and the Steering Committee .

Other members of the Executive Board of the ECB also appear before the Committee .

In the context of the Internal Auditors Committee ( IAC ) , which is the successor to the TARGET Audit Group ( TAG ) and is composed of representatives of the ECB and the NCBs Internal Audit functions , audit programmes and audit standards are defined jointly and are used in a decentralised manner for the review of ESCB wide common infrastructures .

The anti fraud committee may , where appropriate , instruct the Directorate for Internal Audit with regard to its performance of these activities .

Board of Directors Green Bay Packers, Inc., is governed by a seven member Executive Committee elected from a 45 member board of directors.

It is essential that the composition of the Steering Committee reflects that of the General Board in order to ensure that the Committee is representative of the Board , whose meetings it is meant to prepare .