The Internal Audit function is an independent and objective assurance function, reporting directly to the ESM Managing Director. It is designed to add value and improve the ESM's operations. It assists the ESM by bringing a systematic and disciplined approach to evaluating and improving the ESM’s risk management, internal control and governance processes.
The Internal Audit function is required to adhere to the Institute of Internal Auditors Code of Ethics and the International Standards for the Professional Practice of Internal Auditing. Furthermore, its objectives are set in the ESM Internal Audit Charter.