Muis issues warning to EC chiefs

Muis issues warning to EC chiefs

Jules Muis, head of the European Commission's newly revamped internal audit service, has said he will make enemies within the organisation during the course of his work.

In an exclusive interview with AccountancyAge.com, Muis, a former senior partner with Ernst & Young who rooted out corruption while working for the World Bank, issued a clear warning about what would be expected of the heads of the commission’s directorates.

‘We would want the director generals to not just be the first line of defence, but also the main line of attack and know how to run their businesses properly and take responsibility for the financial statements, and not to point the finger at anonymous figures,’ he said.

Internal audit has undergone wholesale change at the commission following Neil Kinnock’s recommendations for financial control and the appointment of new president Romano Prodi.

Muis is two months into his new job and comes with a tough reputation following his appointment of 120 accountants to the World Bank to overcome its problems.

Links

Read the interview in full

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article