External Auditors

Who we are
Some dates and figures
EIB Group impact: Boosting GDP and jobs
Governance and structure
Statutory bodies
Board of Governors
Ethics and Compliance Committee
Appointment Advisory Committee
Board of Directors
Board Committee on Staff Remuneration and Budget
Board Committee on Risk Policy
Board Committee on Equity Participation Policy
Management Committee
Audit Committee
Control and evaluation
Organisation structure
Our priorities
Climate and environment
Climate action
Environmental protection
Innovation and skills
SMEs and mid-caps
Infrastructure and the EIB
Our initiatives
Economic Resilience Initiative
Gender equality
Circular economy
Sustainable oceans and blue economy
Investing for Youth
Coronavirus outbreak: EIB Group’s response
Corporate responsibility
Providing finance
Reporting on sustainability
Internal Commitment
Our environmental management
Tax good governance
Project Procurement complaints
What we do - Complaints Mechanism
The complaints process - Complaints Mechanism
Submit a complaint - Complaints Mechanism
Frequently Asked Questions - Complaints Mechanism
Investigating Prohibited Conduct
How to report Prohibited Conduct
Part of the EU family
Tackling global challenges together
Together on forced displacement and migration
Together on infrastructure
National Promotional Banks
Banking community
Multilateral development banks
Civil Society and Stakeholder Engagement
Public consultations
EIB transparency and access to information
Civil Society - Key policies and standards
Civil Society - Policy engagement
Civil Society - Events
Civil Society - Contact us
Work with us
We invest in you
Life outside the office
Current vacancies
How to apply

External Auditors

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The independent external auditors are designated by and report directly to the Audit Committee which assesses their independence and any potential conflicts of interest, including compliance with the Bank's policies on the provision of non-audit services by the external auditors.

In 2012 the Audit Committee , in consultation with the Management Committee of EIB, agreed to the renewal of KPMG’s initial four year term as Group external auditor for the additional period of three years in accordance with the international call for tender process concluded in 2008.

In 2014, the Audit Committee, in consultation with the Management Committee of EIB, approved the extension of KPMG’s external audit mandate of the EIB Group for one further year, to 2016. A call for tender process will be initiated in 2015 to select the Bank’s external auditor from 1 January 2017.

The EIB’s general policy is to not allow the incumbent external auditor to undertake work outside the scope of the Framework agreement for audit services. KPMG was not engaged to perform non-audit/assurance related services for the Bank during the year ended 31 December 2014.